Product: XAU/USD (Gold) Prediction: Upward Trend Expected Why Gold Might Shine: Economic Indicators: With U.S. bond yields dropping and gold prices rising by over 1%, the market is leaning toward gold. Lower bond yields make gold more attractive as an investment. Geopolitical Tensions: Ongoing unrest in the Middle East is boosting demand for gold as a safe haven. Western countries are cautioning against further escalation, adding to the uncertainty. Upcoming Data: This week’s U.S. inflation data could further impact gold prices. Lower inflation could push gold closer to its record high of $2,483. Technical Snapshot: Current Trend: Gold is nearing its record high of $2,483, with strong buying momentum indicated by the Relative Strength Index (RSI). Resistance Levels: Watch for gold to test the $2,483 high. If surpassed, $2,500 is the next psychological barrier. Support Levels: If prices fall, key support is at $2,450, followed by $2,400 and the 50-day Simple Moving Average (SMA) at $2,373. Summary: With economic and geopolitical factors in play, gold prices are likely to climb, potentially reaching new highs.