XAUUSD Intraday analysis.
Updated
As the intensification of conflicts in the Middle East boosted demand for safe havens, gold prices continued their gains. Since Hamas' sudden attack on Israel earlier this month, gold prices have risen by about 5%. The price of gold has risen strongly since the beginning of today's trading and is close to the waiting target price of US$1945.20 per ounce. Therefore, it is still predicted that the price of gold will be in a bullish trend scenario for some time to come.
What needs to be considered is that if gold prices fail to break above $1945.20 per ounce, this will push gold prices back down and test the $1913.15 per ounce area again.
What needs to be considered is that if gold prices fail to break above $1945.20 per ounce, this will push gold prices back down and test the $1913.15 per ounce area again.
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