GOLD | Set to Surge Amid Escalating Geopolitical Tensions
Gold prices are poised for a sharp rally as geopolitical tensions in the Middle East intensify, following reports of a U.S. airstrike on Iranian nuclear facilities. This has triggered a strong flight-to-safety response, pushing investors toward safe-haven assets.
Analysts now forecast a broader upside range, with gold potentially trading between $3,500 and $3,700, driven by both geopolitical instability and persistent inflation concerns.
Technical Outlook:
Gold is expected to open with a bullish gap, with an initial move toward the key resistance at 3404. A confirmed 1H/4H close above this level would open the path toward 3448, and ultimately 3486, as long as geopolitical risk remains elevated.
However, any signs of de-escalation or negotiations from Iran could halt the bullish momentum and trigger a reversal toward 3340.
Key Levels:
• Pivot Zone: 3365, 3379
• Resistance: 3404, 3448, 3486
• Support: 3348, 3339, 3281
Gold prices are poised for a sharp rally as geopolitical tensions in the Middle East intensify, following reports of a U.S. airstrike on Iranian nuclear facilities. This has triggered a strong flight-to-safety response, pushing investors toward safe-haven assets.
Analysts now forecast a broader upside range, with gold potentially trading between $3,500 and $3,700, driven by both geopolitical instability and persistent inflation concerns.
Technical Outlook:
Gold is expected to open with a bullish gap, with an initial move toward the key resistance at 3404. A confirmed 1H/4H close above this level would open the path toward 3448, and ultimately 3486, as long as geopolitical risk remains elevated.
However, any signs of de-escalation or negotiations from Iran could halt the bullish momentum and trigger a reversal toward 3340.
Key Levels:
• Pivot Zone: 3365, 3379
• Resistance: 3404, 3448, 3486
• Support: 3348, 3339, 3281
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.