Gold Market Geopolitical Tensions Driving Bullish Momemtum

Gold Market Overview – Geopolitical Tensions Driving Bullish Momentum

The escalating conflict in the Middle East, particularly Israel's recent attack on Iran, is significantly fuelling bullish sentiment in the gold market. As a traditional safe-haven asset, gold tends to benefit during periods of geopolitical uncertainty and risk aversion.

Should Iran respond to the attack, we may witness continued upward momentum, potentially pushing prices toward new all-time highs. Based on previous technical analysis, all bullish targets remain valid under current market dynamics.

Technical Outlook:

A short-term correction may occur, offering buying opportunities around key support levels a 4-hour candle close above 3431 would serve as a strong bullish trigger If this level is confirmed, we could see a rally towards the next resistance targets at 3465 and 3488.

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