Gold prices turned downward after they were stable and tended to rise, after the issuance of important data motivating the Federal Reserve to continue the policy of monetary tightening. The tough comment from the Federal Reserve and other central banks led to a decline in gold prices because the environment of high interest rates pushes investors to choose assets such as bonds. And the US dollar instead of gold as gold

He will need another incentive in order to climb to higher levels.

Gold, an upward sub-trend was broken, bringing the price to 1942, to rebound from this area and reach the 1963 area. Currently, the price is at the 1959 area. If stability is above the 1963 area, we will go up to the 1972/1986 areas, and if the 1986 area is broken, we will see the 1991/2003 areas, but if stability is below the 1942 area We will witness a further decline towards the areas of 1933/1925/1918