Gold: Monitor Middle East Developments Over the Weekend

Amid escalating tensions in the Middle East, risk-off sentiment surged,
sending gold soaring past the 3414 resistance and peaking near 3450,
before retracing and rebounding off the 3414 support zone.

⚠️ While this was a high-volume breakout, it was news-driven,
so keep in mind:

📌 If tensions ease over the weekend, a pullback on Monday is highly likely
📌 If tensions escalate, another bullish run would be expected

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🔍 Technical Outlook:

🧭 4H chart: 9-count nearing completion — overbought signals building
🧭 2H chart: MACD showing early signs of a bearish crossover; potential divergence forming
🧭 1D chart: Breakout with volume confirms bullish trend, but risk of short-term correction remains

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📌 Key Price Zones:

🔺 Resistance: 3468 – 3487 – 3500
🔻 Support: 3414 (critical) – 3400 – 3392
⚠️ If broken, next downside targets: 3378 – 3367

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📈 Strategy Suggestions:

As we head into Monday:
✅ Consider selling on rallies if geopolitical tensions ease
✅ If tensions worsen, follow the momentum — but watch for reversal signs