According to technical analysis, gold will increase

Gold jumped more than 3% to above $2,100 early on Monday before paring those gains, hitting fresh all-time highs amid growing expectations that the US Federal Reserve will hold interest rates steady at this month’s meeting and could start cutting rates next year.
Traders also doubled down on those bets despite Fed Chair Jerome Powell’s pushback against rate-cut expectations, saying it’s “premature” to anticipate policy easing.
Markets now see a 60% chance that the US central bank could reduce its policy rate in March next year and are fully pricing in a cut in May.
On the data front, the US ISM Manufacturing PMI came in below estimates in November, pointing to the 13th consecutive contraction in the factory activity and supporting the softer rate outlook.
Additionally, the latest US PCE inflation reading indicated a slowdown in prices, while continuing jobless claims reached a two-year high.

XAUUSD BUY XAUUSD 2080-2078-2075

✔️TP1 2085
✔️TP2 2090

❌SL 2070
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