Gold Strategy - Rising Russia-Ukraine Tensions Push Gold Higher

Fundamental Analysis:

Reports indicate that Russia has launched intercontinental missiles capable of carrying nuclear warheads at Ukraine, escalating tensions and driving safe-haven flows into gold. Investors can consider short-term long positions. Looking ahead, while the prospect of Russia using nuclear weapons is a scenario no country desires, the possibility of ceasefire negotiations between Russia and Ukraine cannot be ruled out. Additionally, if U.S. bond yields rise above the 4.5% threshold, it could put pressure on precious metals. Therefore, investors looking to go long on gold should proceed with caution.

Technical Analysis:

The 30-minute chart shows higher highs, indicating a potential shift to a bullish trend. Investors can consider splitting their funds into two batches for a low-entry long strategy, placing stop-losses below the previous low and targeting extended price levels for take-profit.

Trading Strategy: Long positions at 2678.98 and 2671.89 or lower, stop loss at 2660.42, and target at 2697.54.

Support Level: 2660.42 Resistance Level: 2697.54

Disclaimer: This content is for reference only and does not represent the platform's stance. Investors should exercise their own judgment, manage risks effectively, and take responsibility for their profits and losses.