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      Geopolitical Flares Up! Safe-Haven Bulls Charge Back

      Alan

      Commodity

      Summary:

      Gold surged to a high of $2,444.34 as Israeli airstrikes on Iran ignited geopolitical risks, while weaker-than-expected U.S. jobless claims and PPI data fueled market bets for early Fed rate cuts in the second half. This dual catalyst propelled gold past multiple technical resistance levels to hit a two-month peak. Strong short-term buying momentum suggests the bullish trend remains intact.

      Buy

      XAUUSD

      EXP
      Trading

      3421.91

      Entry Price

      3530.00

      TP

      3375.00

      SL

      3433.13 +0.27 +0.01%

      0

      Point

      Flat

      3375.00

      SL

      CLOSING

      3421.91

      Entry Price

      3530.00

      TP

      Fundamentals

      Spot gold (XAU/USD) climbed to near two-month highs on Friday (June 13th), driven by both geopolitical tensions and shifting macroeconomic expectations. Overnight (UK time), Israel launched airstrikes against multiple Iranian nuclear facilities and military targets, dramatically escalating Middle East tensions and triggering market risk-aversion. Investors dumped risk assets in favor of gold, pushing prices to an intraday high of $3,444.34/oz during the Asian session, a peak gain of approximately 1.7%. 
      Meanwhile, U.S. economic data further bolstered gold. Initial jobless claims remained at an eight-month high, while May PPI growth fell short of expectations, signaling a potential easing of inflation and a cooling labor market. This reignited expectations for earlier Fed rate cuts in the second half of 2025, weakening both the U.S. dollar and real yields to provide a dual tailwind for gold. The USDX faced additional pressure from U.S.-China trade talks and U.S. debt ceiling gridlock, failing to stage a meaningful rebound and offering gold further upside support.

      Technical Analysis

      Geopolitical Flares Up! Safe-Haven Bulls Charge Back_1
      Gold ascends straight up from May's low of 3250.00, testing the high between 3400.00 and 3430.00. After crosses above the short-term resistance of 3403.46, gold once touched 3444.34, breaking through the high of May 7th (3437.93). With the upper space opening, gold bears are retreating under a heatwave of buying.  
      Regarding indicators, MACD shows a golden cross with the signal line accelerating above zero and expanding red momentum bars. RSI is moving between 60 and 70 without entering the overbought zone, suggesting a strong uptrend at the moment.
      Buying at lows is recommended.

      Trading Recommendations

      Trading direction: Buy
      Entry price: 3416.00
      Target price: 3530.00
      Stop loss: 3375.00
      Valid Until: June 27, 2025, 23:00:00
      Support: 3403.46/3382.85
      Resistance: 3444.34/3500.00
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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