Gold Breaks $3400 – Targets $3500 Amid Tensions (READ)

By analyzing the gold chart on the lower timeframe, we can see that today, following Israel's missile and airstrike attacks on Iran, gold experienced a sharp rally. As anticipated last night, gold finally managed to break through the strong $3400 resistance, surging over 600 pips to reach $3447.

Currently, gold is trading around $3438, and given the escalation in geopolitical tensions, I expect further upside movement.
The next potential targets are $3449, $3469, and possibly $3500.

⚠️ Due to ongoing conflict and extreme volatility, it's advised to avoid trading or proceed only with minimal risk exposure.

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Best Regards , Arman Shaban