FX.co ★ king.zelda | XAU/USD, GOLD

GOLD is once again directionless within the day. It is clear that the situation is stronger to the north, but there is currently no clear indication of which way to move within the day. Reaching the 2392 level will cancel the southern trend and continue to the north, where there is potential for further movement, believe me. On the other hand, the level 1.2369 after the update will be interesting for the southerners with a target of 2325. However, considering that there is support at the 2340 level below, this may provide an opportunity for a move back to the north from below. But this is only possible if they have time, as today is Friday - a time for rest. The medium-term forecast, hopefully, the downward zigzag on the chart marked with the number four will still play out today. The overnight price increase we observed today is likely related to missile launches towards Iran. Now we just have to wait and see what Iran will say in response to this and how the price of oil and gold will react to these events.