Prices rose today and recorded an increase due to the decline in the US dollar index, which measures the performance of the US dollar against a basket of currencies. The weakness of the US dollar prompted investors to possess gold, and gold also enjoyed a noticeable turnout during today’s trading due to the growing fears of escalating Sino-US geopolitical tensions, especially after the administration announced Maritime security in Zhejiang Province that China will conduct shooting exercises in the East China Sea, where the firing exercises come after a series of naval exercises conducted by the United States of America and its allies in the South China Sea, which Beijing claimed as its sovereign territory, which raised investor concerns about the current geopolitical escalations and in In a separate context, the growing fears that the US Treasury Department may reach its debt level in the coming months force investors to avoid buying bonds, and the overall increase in US debt may cause a weakening of the US dollar and an increase in the price of gold.
Either technically
The best selling areas are from the levels of the resistance area at 2025/2032, and we target 1969 levels
