Gold (XAUUSD) is showing a bullish setup, bouncing off a key demand zone within a rising channel, which suggests a possible move higher. But with tensions rising between Iran and Israel, there's a chance we could see sudden spikes as investors look for safe-haven assets. On top of that, the upcoming FOMC statement and interest rate decision could bring heavy volatility and sharp moves in either direction.
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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.