📌 Gold information:
Gold prices continued to be well supported during the North American trading session following the breaking news of Iran's retaliatory attack on the US military base in Qatar. The escalation was a response to Washington's weekend attack on Iran's nuclear facilities. As geopolitical tensions in the Middle East dominated the headlines, investors largely ignored US economic data
Macroeconomic indicators have taken a back seat as the intensification of the conflict has affected market sentiment. Arab TV cited Israeli media reports that Iran used missiles to attack US bases in Qatar, Kuwait and Iraq. In further escalation, Tehran approved the closure of the strategic Strait of Hormuz and launched more missiles at Israeli targets, which amplified the safe-haven demand for gold.
The situation in the Middle East has mixed signals. Trump announced a "stop" to the Iran-Israel conflict, while the exchange of fire between the two sides continued, and the proportion of gold longs fell back
📊Commentary Analysis
Gold prices responded to the reduction of positive news on peace in the Middle East and continued to rise.
💰Strategy Package
Short when the price rebounds to around 3370, stop loss at 3480, target at 3350-3388 points
Long around 3310-3320, stop loss at 3300, target at 3360-3368 points
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.