Wait for breakout 1,284 then long
Alternatively, should a breakdown occur below 1,260 short
Due to uncertainty in the Middle East, probability of XAUUSD going up is likely.
---
Extracted from Investing.com
Gold prices made a strong start to the week as investors piled into the precious metal amid growing political uncertainty in the Middle East after Saudi Crown Prince Mohammed bin Salman led an anti-corruption drive which resulted in a series of arrests of prominent Saudi Arabians.
“We have political uncertainty, risk of political instability in this major oil producing country and also unforeseen implications for the entire region,” Commerzbank analyst Carsten Fritsch said.
---
End of extract
Alternatively, should a breakdown occur below 1,260 short
Due to uncertainty in the Middle East, probability of XAUUSD going up is likely.
---
Extracted from Investing.com
Gold prices made a strong start to the week as investors piled into the precious metal amid growing political uncertainty in the Middle East after Saudi Crown Prince Mohammed bin Salman led an anti-corruption drive which resulted in a series of arrests of prominent Saudi Arabians.
“We have political uncertainty, risk of political instability in this major oil producing country and also unforeseen implications for the entire region,” Commerzbank analyst Carsten Fritsch said.
---
End of extract