Gold Price Surges Then Pulls Back Amid Middle East Tensions
This morning, gold opened like it hit the "fast-forward" button. Tensions suddenly flared in the Middle East—after Iran threatened to blockade the Strait of Hormuz, the price surged above $3,990 at the opening. However, as Iran didn’t immediately enforce the blockade and Israel launched counterattacks, markets judged the conflict might not spiral out of control immediately. Gold prices then gradually retreated, now hovering around $3,360—about $30 below the morning’s peak.
From a price trend perspective, $3,350 is a critical support level, like a wall propping up the market. As long as the price doesn’t break below this "wall," it indicates strong buying support below, leaving gold poised for a rebound. Technically, the price action also shows signs of bottoming out, serving as a bullish signal for long positions.
Today's gold trading strategy, I hope it will be helpful to you
XAUUSD buy@3350~3360
SL:3340
TP：3370~3380
This morning, gold opened like it hit the "fast-forward" button. Tensions suddenly flared in the Middle East—after Iran threatened to blockade the Strait of Hormuz, the price surged above $3,990 at the opening. However, as Iran didn’t immediately enforce the blockade and Israel launched counterattacks, markets judged the conflict might not spiral out of control immediately. Gold prices then gradually retreated, now hovering around $3,360—about $30 below the morning’s peak.
From a price trend perspective, $3,350 is a critical support level, like a wall propping up the market. As long as the price doesn’t break below this "wall," it indicates strong buying support below, leaving gold poised for a rebound. Technically, the price action also shows signs of bottoming out, serving as a bullish signal for long positions.
Today's gold trading strategy, I hope it will be helpful to you
XAUUSD buy@3350~3360
SL:3340
TP：3370~3380
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：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
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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.
Free signal channel ：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
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.