Gold Spot / U.S. Dollar
Updated

Gold Price Analysis June 12

143
Yesterday's D1 daily frame bounced and closed above 3348. That led to a price gap today.
3375 is a resistance zone that is showing price reaction in the Asian session. If it cannot be broken at the end of the session, it is possible to set up a sell at 3355 for BUY strategies in the GAP zone.
Any price decrease today is considered a good opportunity for buying Gold to aim for 3411.
Pay attention to the 3355-3347-3338 zone for BUY signals today. Target is still 3411 but there is still 3386 which may have a reaction.
Trade active
Gold leaps toward $3,450 as Israel launches attacks on Iran
Gold price rises to over five-month highs, nearing $3,450 in the Asian trading hours on Friday. Israel confirmed strikes on Iran's nuclear facilities, fuelling a broad wave of risk aversion while driving the safe-haven Gold price through the roof. Rising Fed rate cut bets also underpin the non-yielding Gold.

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