Safe-Haven Demand Drives Gold Higher – 3500 Within ReachWishing everyone a peaceful weekend—despite turbulent times.
This weekend has been anything but calm. The escalating conflict in the Middle East continues to widen, with rising casualties. As always, war is often a pursuit of power by those at the top, while the real cost is borne by innocent civilians. Though we are mere observers from afar, it’s hard not to feel the weight of the situation.
From a geopolitical perspective, this conflict coincides with U.S.–Iran nuclear negotiations. Could this be a calculated move by certain powers to shift the balance in their favor? While it remains speculative, what’s certain is that the intensifying conflict is already shaking global financial markets.
In such a climate, safe-haven assets are clearly benefiting. Gold’s upward momentum appears firmly established, and oil’s direction hinges on the situation at the Strait of Hormuz. If the strait is closed, a surge in USOIL prices toward $100 would no longer seem unlikely.
Under the influence of such impactful news, traditional technical analysis plays a lesser role. The market direction is largely determined by sentiment, and chart patterns now serve more as entry point references rather than decisive indicators.
My trading outlook for Monday:
If gold opens with a bullish gap and rallies toward the 3480–3500 zone, this area could present a short-term selling opportunity—ideally executed with a quick in-and-out strategy;
If a pullback follows, look to build intraday long positions: aggressive traders may consider entries near 3430, while conservative ones can wait for a potential retest of the 3418 level.
One crucial reminder: News-driven markets are highly uncertain. Eventually, every war comes to an end, and when the demand for safe havens fades, so too will prices. Stay rational in your decisions, and always manage your risk appropriately.
