At InvestmentLive’s trading desk, we rarely prioritize fundamental analysis over technical analysis. However, the convergence of both perspectives in the coming week makes it impossible to ignore the impact of current geopolitical events.
From a fundamental standpoint, escalating tensions in the Middle East are likely to drive increased demand for safe-haven assets like gold. Investors typically turn to gold during periods of geopolitical instability to hedge against potential volatility in major currencies such as the USD and EUR. This is particularly relevant given the U.S. government's recent involvement in the conflict within the past 24 hours.
On the technical side, gold posted a strong rally toward the close of Friday’s session, rebounding off two critical support levels around 3348. This price action signals renewed bullish momentum and suggests that buyers may now be in control, positioning gold for further upside.
Taken together, both the technical signals and geopolitical fundamentals point toward a high probability of gold extending its current rally into the new week—and potentially beyond.
From a fundamental standpoint, escalating tensions in the Middle East are likely to drive increased demand for safe-haven assets like gold. Investors typically turn to gold during periods of geopolitical instability to hedge against potential volatility in major currencies such as the USD and EUR. This is particularly relevant given the U.S. government's recent involvement in the conflict within the past 24 hours.
On the technical side, gold posted a strong rally toward the close of Friday’s session, rebounding off two critical support levels around 3348. This price action signals renewed bullish momentum and suggests that buyers may now be in control, positioning gold for further upside.
Taken together, both the technical signals and geopolitical fundamentals point toward a high probability of gold extending its current rally into the new week—and potentially beyond.
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