The Israeli air strikes on Iran have further escalated tensions in the Middle East. Iran's Supreme Leader Ayatollah Ali Khamenei has vowed that Iran's armed forces will use force to destroy the Israeli regime, while the Israeli military has detected multiple rounds of missile attacks launched by Iran. The reciprocal actions between the two sides have pushed regional tensions to a boiling point.
New developments have emerged: according to data from the ship-tracking website Marine Traffic, the U.S. aircraft carrier *Nimitz*, originally scheduled to visit Da Nang, Vietnam later this week, canceled its formal reception event planned for June 20 due to "urgent operational needs" and instead left the South China Sea on Monday morning, heading west toward the Middle East. U.S. media speculate that the *Nimitz* is likely being deployed to the Middle East to reinforce Israel. This emergency itinerary adjustment of the U.S. aircraft carrier has undoubtedly added fuel to the already tense Middle East situation.
Gold has always been investors' "safe haven" in times of turmoil. Such a highly tense geopolitical situation will greatly stimulate market demand for safe-haven assets. To protect their funds, a large number of investors will flock to the gold market, thereby driving up gold prices. Looking back at the early stage of the Russia-Ukraine conflict, gold prices surged significantly in a short period. The current conflict between Israel and Iran, coupled with the urgent reinforcement of the U.S. aircraft carrier in the Middle East, is expected to have a non-negligible supporting effect on gold prices based on the current development trend, which may even push gold prices to higher levels. As long as the storm in the Middle East does not subside, the support for gold prices driven by safe-haven demand will continue to exist.
Today's gold trading strategy, I hope it will be helpful to you
XAUUSD BUY@3405~3415
SL:3905
TP1:3430~3440
New developments have emerged: according to data from the ship-tracking website Marine Traffic, the U.S. aircraft carrier *Nimitz*, originally scheduled to visit Da Nang, Vietnam later this week, canceled its formal reception event planned for June 20 due to "urgent operational needs" and instead left the South China Sea on Monday morning, heading west toward the Middle East. U.S. media speculate that the *Nimitz* is likely being deployed to the Middle East to reinforce Israel. This emergency itinerary adjustment of the U.S. aircraft carrier has undoubtedly added fuel to the already tense Middle East situation.
Gold has always been investors' "safe haven" in times of turmoil. Such a highly tense geopolitical situation will greatly stimulate market demand for safe-haven assets. To protect their funds, a large number of investors will flock to the gold market, thereby driving up gold prices. Looking back at the early stage of the Russia-Ukraine conflict, gold prices surged significantly in a short period. The current conflict between Israel and Iran, coupled with the urgent reinforcement of the U.S. aircraft carrier in the Middle East, is expected to have a non-negligible supporting effect on gold prices based on the current development trend, which may even push gold prices to higher levels. As long as the storm in the Middle East does not subside, the support for gold prices driven by safe-haven demand will continue to exist.
Today's gold trading strategy, I hope it will be helpful to you
XAUUSD BUY@3405~3415
SL:3905
TP1:3430~3440
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.