XAUUSD

Gold is poised to be the clear winner of geopolitical risks. The escalation of tensions between Iran and Israel is supporting gold prices by triggering safe-haven purchases. As long as it remains above the 3422.95 pivot level, the outlook is positive. Especially if the Fed adopts a dovish stance that opens the door to interest rate cuts, the rise in gold could accelerate further, bringing the resistance levels of 3466.31 and 3490.00 into focus. In the event of a possible pullback, the 3399.27 support level will be critical.