📊 Product: XAU/USD 📉 Prediction: Increase ⚫ Fundamental Analysis: On Friday morning (November 29), spot gold prices quickly rebounded from a daily low of $2,633.85 per ounce, reaching a high of $2,645.52. Gold remains above $2,600 per ounce amid geopolitical tensions and speculation about potential Federal Reserve rate cuts. Israel and Lebanon have agreed to a 60-day ceasefire. However, the escalating Russia-Ukraine conflict may support gold prices above $2,600. On Thursday, Russian President Putin said the large-scale attacks on Ukraine were a response to Ukraine using Western missile systems to strike Russian territory. Earlier that day, Ukraine reported that energy facilities across the country were under attack by Russian forces. ⚫ Technical Analysis: Gold prices are moving sideways between the 50-day Simple Moving Average (SMA) at $2,668 per ounce and the 100-day SMA at $2,572 per ounce. In the short term, gold has some room to rise, but buyers need to overcome key resistance levels. If gold breaks above the 50-day SMA, the next target will be $2,700 per ounce. If it surpasses that, prices could aim for $2,750 and the all-time high of $2,790 per ounce. On the downside, if sellers push the price below $2,600, it could test the 100-day SMA at $2,572, followed by the November 14 low at $2,536 per ounce. Register account https://41p9t7wkj.kvbii.com #KVB #KVBOfficial #KVBGlobal #kVBBroker #KVBEconomicCalendar #KVBNews #EconomicCalendar #MarketUpdates #stockexchange #stockmarketnews #stock #stockmarket #tradingstocks #investment #marketvalue #dividendstocks #financial #economy #inflation #socialstudies