Hi trader, Maria would like to share opinion: XAU/USD
The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to the increasing geopolitical tensions in the Israel-Palestine conflict. Investors are turning to the precious metal as a safe haven during times of uncertainty, while the US dollar (USD) is also strengthening. The XAU/USD is currently being traded at $1,929.20 per troy ounce, showing a gain of over 3% after rebounding from its daily lows of $1,868.69.
Gold price assessment next week: mid-October
SELL entry area: $1952, $1985, $2005
BUY entry area: $1902
The upward trend next week accounts for a very large percentage, war tensions in many areas, helping Gold become a safe investment channel
Good luck everyone $$$, Thank you everyone for reading MARIA's article
The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to the increasing geopolitical tensions in the Israel-Palestine conflict. Investors are turning to the precious metal as a safe haven during times of uncertainty, while the US dollar (USD) is also strengthening. The XAU/USD is currently being traded at $1,929.20 per troy ounce, showing a gain of over 3% after rebounding from its daily lows of $1,868.69.
Gold price assessment next week: mid-October
SELL entry area: $1952, $1985, $2005
BUY entry area: $1902
The upward trend next week accounts for a very large percentage, war tensions in many areas, helping Gold become a safe investment channel
Good luck everyone $$$, Thank you everyone for reading MARIA's article
Note
At the beginning of the first session of the week, gold prices decreased slightly around the 1920 level
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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.