XAUUSD – Gold Surges on Middle East Conflict: What's the Next Move?
🌍 Geopolitical Shock Fuels Market Volatility
The gold market responded sharply after Israel launched a series of targeted airstrikes on Iran’s nuclear facilities, including the Natanz uranium site. These actions triggered global concern:
Gold jumped to $3,430/oz, hitting a new weekly high
WTI crude surged by over 8%
US equity indices dipped significantly
The US remains officially neutral but confirmed it will defend its troops if provoked
Investors are now moving rapidly into safe-haven assets, especially gold.
📊 Technical Breakdown (H1/M30)
Trend Structure: Bullish momentum continues following the breakout above $3,392
Key Support Zone: $3,412–$3,426, with price holding above this region
Fair Value Gap (FVG): Identified between $3,405–$3,412, could act as re-entry zone
EMA Alignment: Price is above the 13, 34, 89, and 200 EMAs — signalling strength across short and long-term moving averages
Psychological Resistance: Eyes now on the $3,454–$3,456 zone for potential selling pressure
🧠 Market Sentiment & Risk Behaviour
Risk-off mood dominates: Capital is rotating into gold, CHF, and JPY
Traders are reacting to news headlines over economic data
Institutional flows are entering strongly on dips, building positions in defensive assets
🎯 Trade Setup for 13th June
✅ Buy Zone: 3384 – 3382
Stop-Loss: 3378
Targets: 3388 – 3392 – 3396 – 3400 – 3405 – 3410
❌ Sell Zone: 3454 – 3456
Stop-Loss: 3460
Targets: 3450 – 3446 – 3442 – 3438 – 3434 – 3430
📌 Tactical Summary
Gold remains a go-to asset amid geopolitical uncertainty. While the technicals support further upside, caution is warranted near resistance. Any easing in military headlines could trigger a fast retracement.
🔍 Pro tip: Avoid chasing. Let price confirm near key levels before entering. Manage risk diligently in high-volatility environments.
🌍 Geopolitical Shock Fuels Market Volatility
The gold market responded sharply after Israel launched a series of targeted airstrikes on Iran’s nuclear facilities, including the Natanz uranium site. These actions triggered global concern:
Gold jumped to $3,430/oz, hitting a new weekly high
WTI crude surged by over 8%
US equity indices dipped significantly
The US remains officially neutral but confirmed it will defend its troops if provoked
Investors are now moving rapidly into safe-haven assets, especially gold.
📊 Technical Breakdown (H1/M30)
Trend Structure: Bullish momentum continues following the breakout above $3,392
Key Support Zone: $3,412–$3,426, with price holding above this region
Fair Value Gap (FVG): Identified between $3,405–$3,412, could act as re-entry zone
EMA Alignment: Price is above the 13, 34, 89, and 200 EMAs — signalling strength across short and long-term moving averages
Psychological Resistance: Eyes now on the $3,454–$3,456 zone for potential selling pressure
🧠 Market Sentiment & Risk Behaviour
Risk-off mood dominates: Capital is rotating into gold, CHF, and JPY
Traders are reacting to news headlines over economic data
Institutional flows are entering strongly on dips, building positions in defensive assets
🎯 Trade Setup for 13th June
✅ Buy Zone: 3384 – 3382
Stop-Loss: 3378
Targets: 3388 – 3392 – 3396 – 3400 – 3405 – 3410
❌ Sell Zone: 3454 – 3456
Stop-Loss: 3460
Targets: 3450 – 3446 – 3442 – 3438 – 3434 – 3430
📌 Tactical Summary
Gold remains a go-to asset amid geopolitical uncertainty. While the technicals support further upside, caution is warranted near resistance. Any easing in military headlines could trigger a fast retracement.
🔍 Pro tip: Avoid chasing. Let price confirm near key levels before entering. Manage risk diligently in high-volatility environments.
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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.
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.