Technical analysis by a_ about Symbol XAUT: Buy recommendation (1/22/2025)

On the outskirts of commercial tariff tensions, ounces of gold continued to grow and exceeded $ 2740. At present, there are $ 2760 sales pressure, which initially led to $ 2740 and the rhythm of the area, and after returning to the area, we expect the sellers' resistance to $ 270. Given the rising trend of gold, rising up to $ 2770 and higher targets are more likely. Given recent developments in world markets and the increase in trade tensions, gold has been considered as safe asset against economic and political fluctuations. Increasing concerns about countries' economic policies and trading tensions have boosted demand for gold. Also, according to news from the Federal Reserve, central bank decisions and bond returns are expected to continue the gold rising trend, especially if technical support will continue.