Israel Attacks Iran, Gold Gain
Gold prices have soared to the psychological level of $3,400 after Israel carried out a massive airstrike on Iran over Iran's nuclear facilities that are considered dangerous.
Israel launched an airstrike on Iran, in a major escalation in the standoff over Tehran's atomic program that risks triggering a new war in the Middle East. Explosions were heard in Tehran, according to local media. Iran has previously vowed to respond to any attacks. Another supporting factor is economic news from the US which is considered unable to make the government raise interest rates.
RECOMMENDATION
- Buy if the price breaks above $3,433
- Sell if the price breaks above $3,423
Resistance 2: $3,452
Resistance 1: $3,437
Support 1: $3,416
Support 2: $3,395
Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id