Recently, gold has still been affected by the Middle East situation, ETF demand has gradually warmed up, and gold has broken through the 5,000 level with some funds rotating into the crypto market, showing a strong rally with eight consecutive positive days over the past week. Currently, this morning saw a large bullish candle attempting to reach 2400 without success, short-term pullback demand exists but the magnitude won't be too large, and both support and resistance levels are moving up simultaneously, before the trend changes, if this red zone can hold steady, we can target the next level of 2400 - 2600.
ETH
Recently, gold has still been affected by the Middle East situation, ETF demand has gradually warmed up, and gold has broken through the 5,000 level with some funds rotating into the crypto market, showing a strong rally with eight consecutive positive days over the past week.
Currently, this morning saw a large bullish candle attempting to reach 2400 without success, short-term pullback demand exists but the magnitude won't be too large, and both support and resistance levels are moving up simultaneously, before the trend changes, if this red zone can hold steady, we can target the next level of 2400 - 2600.