📊 Product: XAU/USD 📈 Prediction: Increase Fundamental Analysis: Due to rising tensions in the Middle East and weakening consumer confidence in the U.S., gold's appeal as a safe haven has strengthened. Gold prices surged by nearly $30, reaching a record high. On Tuesday, North American markets saw gold hit this all-time high, driven by falling U.S. Treasury yields and a weaker dollar. The geopolitical tensions in the Middle East further boosted demand for gold as a safe investment. Israel’s airstrikes on Hezbollah positions in southern Lebanon, along with its vow to keep up the pressure, have increased fears of a full-scale war in the region. As a result, gold prices have risen 28% in 2024 so far. Technical Analysis: The outlook for gold remains bullish, with prices likely to keep hitting new record highs, although the rally seems a bit overdone. Traders are eyeing the $2,700 level. The momentum favours buyers, but the Relative Strength Index (RSI) is now in the overbought zone, so buyers should be cautious of a possible pullback. If the price continues to rise, traders might test $2,675, followed by $2,700. The next targets would be $2,750 and $2,800. However, if the price drops below $2,650, it could test the September 18 high of $2,600. The key support to watch after that would be the September 18 low of $2,546. Register link https://41p9t7wkj.plusma.one #KVB #tradingindonesia #tradinggermany #tradergold #germany #IB #Businessmanager #Relationship #Relationshipmanager #indonesia #vietnam #Signal #COPYTRADE #XM #Exness #mytradingstory #forexmarket #FOLLOWMEGuideBook #OPINIONLEADER #tradingvietnam #trader #tradingview