Gold price retains its bullish bias near one-week high amid rising geopolitical risks

GOLD ANALYSIS & NEWS

~Gold made a high of $2664 today in early EU session and continued it's Bullish rally.
~Yesterday Gold took a small correction from $2640 to 2620 and then continued its Bull run.
~Gold gave around 40$ movement since yesterday low from $2619 to $2664.

Gold price retains its bullish bias near one-week high amid rising geopolitical risks

~Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high.

~Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD.

~Elevated US bond yields could underpin the US Dollar and cap the non-yielding yellow metal. 

WHAT'S EXPECTED IN GOLD TODAY?

1. Gold is trading in Bullish zone on 4th consecutive day, making a recent high of $2664.

2. Gold still seems bullish, Gold may touch the mark of $2676-78 levels today on bullish side.

3. There is a 20 Day MA at $2652, It may test those levels before take another spark on Bull side.

Recent News

US30 Approaching Critical Support with B...

June 17, 2025

Market Insights

Dow Jones (DJ30) Forms Rising Wedge Near...

September 24, 2025

Market Insights

AUDUSD trading on 200 SMA

November 08, 2024

Market Insights

US Tech 100 Tests Key Resistance at 19,9...

March 20, 2025

Market Insights

DAX trading on Daily support levels

November 21, 2024

Market Insights

US30 consolidates in a bearish pennant b...

August 04, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window