Gold Bullish Trend Continues Amid Geopolitical Tensions

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📣GOLD: Bullish Trend Continues Amid Geopolitical Tensions

Israeli Airstrikes Rock Beirut, Target Hezbollah Command
On Friday, Israeli airstrikes targeted Hezbollah’s central headquarters in Beirut’s southern suburbs, shaking the Lebanese capital and sending thick clouds of smoke over the city, according to Reuters.

GOLD ANALYSIS:

Despite the significant geopolitical event, the gold market showed little reaction on Friday, with prices moving slightly down. However, the intense media focus on the escalating conflict may drive gold prices higher at the market opening on Monday.

Gold prices have been susceptible to manipulation, and it often takes a significant event, such as this new conflict, to push prices higher...

At the market opening Good May rise from the current Level of 2640, potentially reaching 2680 and 2700. A move above 2700 cloud see Gold price's climb to 2750 especially if the if the situation continues to escalate.

PS the market is heavily positioned on the bullish side. Any downward movement in gold price's is likely due to significant manipulation rather than profit taking its important rather than profit taking. It's important to remain cautious as Gold price's can decrease just as rapidly as they decrease just as rapidly as they increases often without strong underlying reasons.

You may find more details in the chart!

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WH says Iran is preparing imminent ballistic missile attack against Israel

Gold Bullish Movement was Supported by the new war news posted by CNn
The White Hoby the new war use on Tuesday said the US believes Iran is preparing an imminent ballistic missile attack against Israel.

“The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel. We are actively supporting defensive preparations to defend Israel against this attack. A direct military attack from Iran against Israel will carry severe consequences for Iran,” a senior White House official said in a statement.