The easing of uncertainty surrounding tariffs—despite the absence of a final agreement but with parties showing willingness to negotiate—continues to weigh on gold, which typically gains strength during times of uncertainty. Additionally, the decline in geopolitical tensions has influenced price movement.
This morning, gold continues its downward trend, trading around the 3,140 level.
Technically, if the price settles below 3,120, the decline could deepen toward the 3,072 level. On the upside, 3,190 and 3,210 are seen as key resistance levels.
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