XAUUSD / UNDER TENSTION OF THE MIDDLE EAST / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Current Price Movements ,The text notes that after an Israeli attack on Iran, gold prices surged, reaching an all-time high (ATH) of around $2,758. This is a typical reaction as investors often view gold as a safe-haven asset during political unrest, causing demand—and prices—to rise.
Demand Zone , Between $2,739 and $2,734, this zone is where buyers may step in if prices drop, creating a potential “floor” for further increases.
Supply Zone ,Between $2,754 and $2,758, this zone acts as resistance, meaning sellers may dominate here, capping short-term gains. Breaking above this level could push prices to a new ATH of $2,775.
If the price breaks the supply zone ($2,754–$2,758), it may rise further, suggesting momentum toward $2,775 or beyond.
If the price falls below the demand zone ($2,739–$2,734), it may decline toward the next support level between $2,722 and $2,717.
Overall Trend: The text suggests that gold prices are under upward pressure, largely due to geopolitical instability, and are likely to continue rising unless key support levels are breached.
