Gold opened sharply higher, hitting a new one-week high.
Updated
As the international conflict between Israel and Palestine intensified, gold, as a strategic hedging material, instantly rebounded from 1830 to around 1855 after the opening of Monday, now trading at 1850.35 per ounce, while U.S. stock index futures suffered heavy losses. The 1860 boundary enters a wide sweep, and the long and short competition for gold at the 1852 line is fierce. Only after the gold price breaks below 1845-46 will the gap be repaired during the day, otherwise it will be high and volatile. The current focus is on the suppression of 1855 and 1860, followed by the resistance near 1860 and 1865.
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The gold market has begun to fluctuate, and there may be a short-term correction and decline.Trade active
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