Today's Gold Price Forecast and Analysis:
Updated
Despite the U.S. dollar's rebound post stronger-than-expected U.S. employment data, "XAU/USD" maintains an upward trajectory and could sustain it unless it declines below $2,000 or $1,985 per ounce. Consequently, escalating global political tensions and central banks' preventive buying to hedge risks will remain supportive factors for the gold market in the foreseeable future. Moreover, any downturn in gold prices will be viewed as a buying opportunity. Currently, the nearest resistance levels for gold are at $2,045 and $2,070 respectively.
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