Iran bombing retaliation, gold high open rebound 2365 adjustment, will it rise?
The rising geopolitical situation last week, especially the conflict between Iran and Israel, once again attracted global safe-haven demand.
Coupled with the CPI data rising more than expected, the Federal Reserve once again released signals, a change in the positive attitude of interest rate cuts, or continued high interest rate policy, once again triggered exchange rate market turmoil.
Gold rose $130 last week and fell back, and panic data hit this week.
Continue to look at 2365 pressure adjustment, again below the pullback continue to look at 2320 support, fell below this position, continue to see 2300 support. At the same time, the upper level once again broke through the 2365 position and continued to see resistance pressure at 2400.
Trade active
Gold:buy@2353-2351 SL 2344 TP 2365Trade active
The current profit of 40 pointsTrade active
Move SL to 2338, ready to buy @2342 againTrade active
2351Trade active
2350Trade active
2357Trade active
2360Trade active
2357Trade active
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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.