Gold Price Volatility – US Session Recap
Gold experienced significant volatility toward the end of the US session, largely driven by geopolitical developments. A ceasefire agreement between Iran and Israel has eased tensions in the Middle East, reducing the safe-haven demand for gold.
In addition, a sharp decline in oil prices has further dampened gold’s appeal as a hedge against inflation, contributing to the downward pressure on the metal.
Resistance zone 3335 / 3345
Support Levels 3315 3300
Focus on the trading range how to use trade the price will fall and decline will only get there easily target.
i You like this idea if you have on Opinion about this analysis share in comments.
Gold experienced significant volatility toward the end of the US session, largely driven by geopolitical developments. A ceasefire agreement between Iran and Israel has eased tensions in the Middle East, reducing the safe-haven demand for gold.
In addition, a sharp decline in oil prices has further dampened gold’s appeal as a hedge against inflation, contributing to the downward pressure on the metal.
Resistance zone 3335 / 3345
Support Levels 3315 3300
Focus on the trading range how to use trade the price will fall and decline will only get there easily target.
i You like this idea if you have on Opinion about this analysis share in comments.
Trade closed: target reached
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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.