The Israeli-Palestinian conflict has worried investors, creating support for safe-haven gold. Gold is used as a safe investment during times of political and financial instability, but higher interest rates increase the opportunity cost of holding unprofitable gold. After a short period of weakness, inflationary pressures sparked a rise in US Treasury yields, paving the way for a strong recovery in the US dollar overall. Gold reacted adversely, erasing previous gains.
However, the main trend is still up because war news is still a good signal for choosing Gold as a refuge. It is natural for Gold to break the 1900 threshold and go up
However, the main trend is still up because war news is still a good signal for choosing Gold as a refuge. It is natural for Gold to break the 1900 threshold and go up
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💡 The trading strategy now is to Buy and take profits when GOLD touches 1910
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What do you think of my prediction?
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💡 Yesterday gold broke 1900 and returned to 1930. This was as expected.
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