As expected, gold opened higher today, then pulled back, and after stabilizing, rose to around 5400.
Currently, the market remains focused on the safe-haven demand triggered by tensions in the Middle East, which caused a pullback after the initial rise.
We still see 5250 as a strong support level. Therefore, today's strategy is to buy around 5300 and continue buying near 5250, with a target of 5400-5500.
Watch for buying opportunities after the gap is filled.
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As expected, gold opened higher today, then pulled back, and after stabilizing, rose to around 5400.
Currently, the market remains focused on the safe-haven demand triggered by tensions in the Middle East, which caused a pullback after the initial rise.
We still see 5250 as a strong support level. Therefore, today's strategy is to buy around 5300 and continue buying near 5250, with a target of 5400-5500.
Watch for buying opportunities after the gap is filled.