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Gold Analysis Today 03/10: Gold Stabilizes (Chart)
(MENAFN- Daily Forex)
This time is different as this is a major direct attack by Iran on a key US ally.In the second scenario, the US dollar could extend its recent recovery Price Analysis and forecast Today:According to today's gold analysts' forecasts. The gold index is still in a strong upward trend and its recent gains were enough to push all technical indicators towards strong overbought levels, but with the increase and continuation of global geopolitical tensions and the abandonment of tightening by global central banks, the factors for gold gains will remain. Strong and expected profit-taking will not occur without investors' appetite for risk , calming of wars in the Middle East region and recovery of the US dollar price. Currently, the closest resistance levels for gold are $2670, $2685 and $2700 per ounce, and I do not recommend buying gold from record highs.Ready to trade our Gold monthly forecast ? Here's a list of some of the best XAU/USD brokers to check out.
- Gold prices stabilized around $2,655 per ounce today, Thursday, remaining relatively close to their all-time highs as the escalating crisis in the Middle East continues to bolster the metal's appeal as a safe haven.
- Earlier this week, Iran launched a missile attack on Israel, prompting Israel to intensify strikes across the Middle East and vow to retaliate against Iran.
This time is different as this is a major direct attack by Iran on a key US ally.In the second scenario, the US dollar could extend its recent recovery Price Analysis and forecast Today:According to today's gold analysts' forecasts. The gold index is still in a strong upward trend and its recent gains were enough to push all technical indicators towards strong overbought levels, but with the increase and continuation of global geopolitical tensions and the abandonment of tightening by global central banks, the factors for gold gains will remain. Strong and expected profit-taking will not occur without investors' appetite for risk , calming of wars in the Middle East region and recovery of the US dollar price. Currently, the closest resistance levels for gold are $2670, $2685 and $2700 per ounce, and I do not recommend buying gold from record highs.Ready to trade our Gold monthly forecast ? Here's a list of some of the best XAU/USD brokers to check out.

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