Gold Analysis – Episode 3: US, China & Iran Influence
Gold remains highly sensitive to geopolitical developments. With recent economic signals from both the United States and China, and new dynamics involving Iran, volatility is expected to remain elevated. Key resistance stands at $2,360 while immediate support is at $2,320. Traders should watch for breakout potential within this range, especially as global inflation and central bank decisions unfold.
Technical indicators such as RSI and ATR suggest room for continued movement. Any breach of the current structure could lead to sharp moves in either direction. Patience and disciplined risk management remain essential.
Analysis by Mohsen Mozafari Nezhad
Gold remains highly sensitive to geopolitical developments. With recent economic signals from both the United States and China, and new dynamics involving Iran, volatility is expected to remain elevated. Key resistance stands at $2,360 while immediate support is at $2,320. Traders should watch for breakout potential within this range, especially as global inflation and central bank decisions unfold.
Technical indicators such as RSI and ATR suggest room for continued movement. Any breach of the current structure could lead to sharp moves in either direction. Patience and disciplined risk management remain essential.
Analysis by Mohsen Mozafari Nezhad
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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.
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.