Gold Spot / U.S. DollarUpdated Geopolitical Unrest Drives Gold Beyond $2,400
The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold.
Looking at the chart, we can observe that prices have crossed above the Simple Moving Average (SMA) lines and are advancing further upwards, indicating a very strong upward trend.
Looking at the chart, we can observe that prices have crossed above the Simple Moving Average (SMA) lines and are advancing further upwards, indicating a very strong upward trend.
Note
Gold dropped sharply to touch the SMA 100 area at 2,374 USD
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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.