Gold Surges Past $2,400 After Israel-Iran Escalation
The price of gold has undergone a new wave of increase, surpassing the $2,400 mark in the Asian trading session on Friday following Israel's retaliatory attack on Iran.
Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the upward trend is developing strongly and may persist in the future.
Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the upward trend is developing strongly and may persist in the future.
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