the price reached our target of 2600, as we mentioned in the last analysis. Gold prices rose during Thursday's trading by about $25 per ounce, heading towards their highest levels ever at $2,600 per ounce, which they recorded in the previous session following the US Federal Reserve's decision and the US Federal Reserve cutting interest rates by 50 basis points.
Generally, the direction is uptrend
Uptrend: If the price stabilizes above 2586, it is likely to reach the previous high of 2600. If it surpasses this level, it may rise further to a new high of 2625.
Downtrend: For a downtrend, the price would need to make a strong correction towards the support level at 2553 and, if breached, further down to 2530.
Tendency Keys: 2553