The markets are awaiting the launch of gold in the coming week, after a period of decline that hit the yellow metal, with hawkish talks from the US Federal Reserve chairman and the rest of the members. However, the bullish closing in trading on Friday restored hope for a new rise after the issuance of the (PCE) statement, which is the Fed’s favorite inflation statement.

Gold is a component of a downtrend and is currently at the 1919 region. If it is stable above the 1926 region, we will witness a rise towards the 1936/1945/1955 regions, but if it is stable below the 1892 region, we will witness a further decline towards the 1870/1885 regions.