Gold Unlikely to Sustain Long-Term Gains on Israel-Iran Tensions
Despite escalating geopolitical risks, gold’s upside remains limited. Julius Baer's Carsten Menke notes that the recent move is likely driven by short-term speculative and algorithmic flows, not physical safe-haven demand—consistent with historical patterns of brief geopolitical spikes.
Technical Outlook:
Gold is currently trading below 3404, suggesting possible range-bound consolidation between 3404 and 3480.
A 1H close below 3380 could trigger further downside toward 3365 and 3347.
Conversely, a break above 3404 would open the way for a bullish push toward 3448.
Key Levels:
• Pivot: 3381
• Support: / 3365 / 3347 / 3321
• Resistance: 3404/ 3420 / 3448
Despite escalating geopolitical risks, gold’s upside remains limited. Julius Baer's Carsten Menke notes that the recent move is likely driven by short-term speculative and algorithmic flows, not physical safe-haven demand—consistent with historical patterns of brief geopolitical spikes.
Technical Outlook:
Gold is currently trading below 3404, suggesting possible range-bound consolidation between 3404 and 3480.
A 1H close below 3380 could trigger further downside toward 3365 and 3347.
Conversely, a break above 3404 would open the way for a bullish push toward 3448.
Key Levels:
• Pivot: 3381
• Support: / 3365 / 3347 / 3321
• Resistance: 3404/ 3420 / 3448
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。