Peter-analyst

Gold will continue to rise

Long
Peter-analyst Mis à jour   
FXOPEN:XAUUSD   Or / Dollar Américain
The situation in the Middle East, as predicted earlier, has eased. The United States acts as an intermediary, taking positions and speaking on behalf of both parties, which helps ease tensions. In the absence of new news, the gold market's operating philosophy should be based on upward breakthroughs after range oscillations.

As the market opens higher, investors should focus on the following key support and resistance levels: support at $2,333/oz and $2,345/oz, and resistance at $2,365/oz and $2,375/oz. In future transactions, if there is no position breaking situation, investors can sell high and buy low based on these points, and mainly focus on long orders in the operation, which is safer.

If the price pulls back to 2340-2345 US dollars/ounce, you can consider going long, with the stop loss set at 2333 US dollars/ounce, and the target is 2365-2370 US dollars/ounce.

If the price rises to 2365-2370 US dollars per ounce, you can consider shorting, with the stop loss set at 2377 US dollars per ounce, and the target is 2340-2335 US dollars per ounce.
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Focusing on geopolitics, if the conflict escalates, it will cause gold to rise.
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Ceasefire negotiations in Gaza have reached an impasse and need to be closely watched. If the conflict escalates, rising risk aversion will cause gold to rise.
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Federal Reserve officials are giving speeches.
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Gold is likely to move within a range today.
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