XAUUSD

Gold is in the position of benefiting the most from the rising Iran-Israel tension. The demand for safe havens is supporting prices upward. As long as it stays above the 3400.57 pivot level, the outlook remains positive. Particularly on Wednesday, if the Fed demonstrates a dovish stance, it could further increase the upward momentum of gold, bringing the resistance levels of 3468.97 and 3503.17 into focus. In the case of a possible pullback, 3350.05 will be monitored as the first significant support.