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https://www.cnbc.com/2024/05/12/israel-pushes-deeper-into-rafah-and-battles-a-regrouping-hamas-in-northern-gaza.html The rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. On Friday, Gold edged higher as the market expect FED to cut rate sooner due to the weakening in the Labour Market. However, hawkish FED and stronger Dollar is still weight on GOLD Price Technical Analysis Price action last Friday brought Gold prices above SMA 20, and continued to stabilize on Monday morning On 4H chart, Support at 2356 has been broken, creating resistance at this important Key Level. More to the downside, Fibonacci level of the lastest Upward Swing at 2343 (50% Retracement) and 2334 (61.8 % Retracement Level) also Key level for Gold Trading Plan Buy Limit 2334 Stoploss 2325 TP 2380

Fundamental analysis Non-agricultural news surprised with 175 thousand jobs, nearly 50% lower than last month Technical Analysis Support breaking the support zone at 2290, creating a new bottom zone at 2268. The field configuration continues to choose Gold's correction. Technically, the 200 SMA has not yet been broken, creating conditions for buying to enter the market. Zone 2327 may be tested soon. A break of this resistance zone will facilitate an assessment of the 2350 zone. Conversely, if the buyers cannot overcome this key level, a sharp decline for Gold will occur. Trading plan Selling limit 2350 SL 2360 TP 2300

Fundamental Analysis Weak S&P Global Business PMI data cast doubt on US economic developments amid growing expectations that the Fed could keep interest rates 'higher for longer' US Q1 GDP forecast will be announced on Thursday, expected to decrease to only 2.5%, this will weaken the US dollar and create conditions for gold to grow. Technical Analysis On the D1 chart, Gold has fallen below the 20 SMA, suggesting that the bearish trend may continue. The 2300 price zone on Tuesday broke below 2291 but quickly returned to 2330. If the price cannot hold the 2291-2300 zone, a fall to 2265 will become more obvious for Gold. On the contrary, a rise beyond 2330 will help Gold increase the possibility of retesting 2350. Trading plan Buy Limit 2265 Stoploss 2250 TP 2330 Sell Limit 2350 Stoploss 2360 TP 2300

After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day https://www.proshares.com/globalassets/proshares/insights/0324-bitcoin-halving---history-of-btc-prices.png Technical 50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily chart, showing a huge potential of Pullback to this level.

Fundamental Gold make a big drop on Monday, due to the cool down of political tension in Gaza and Ukraine. Technical Gold is approaching the 2300 level. This is psychological round number level. Buyer will enter at this level . Below is SMA 200 , lie at the 2250 level. If support level 2300 broken, this level will be test.

Gold fail to break the 2400 to the top. Indicate a lack of interest of buyer. Second reason is the heat from Middle East War has cooled down. Making Gold start to correct after a strong increasing.Gold Break through the Support, confirm the Correction

Gold price approached the 2400 area again but could not surpass it. Support area 2363 needs to be investigated.