Gold Retreats After U.S. Iran Attacks

The report suggests that gold prices may decline after the US-Iran attacks, which could increase selling pressure in the short term. However, technical indicators support the upward trend: RSI is at 69.9, MACD is positive, and SMA20 is above SMA50. This contradiction may indicate a short-term correction in price. A slight decline can be expected within 1-3 days, but the likelihood of the trend continuing is also high. Investors are advised to review their positions according to their risk tolerance.

The headline indicates that geopolitical tensions are putting pressure on gold prices. Technical indicators also point to weakness: the RSI is at 43, below the neutral zone, and the MACD line is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. In the short term, the downtrend is likely to continue, but since the market has not entered oversold territory, the pace of the decline may be limited.

Brent crude is showing signs of weakening in technical indicators. The RSI is at 44, and the MACD line is below the signal line, supporting a short-term bearish trend. The price is trading below the 20- and 50-day moving averages. Although the headline indicates a decline, the impact of geopolitical risks on oil prices may remain limited. The downtrend could continue in the short term, but caution is advised as the market has not yet entered oversold territory.

WTI crude oil is showing signs of weakening in technical indicators. The RSI is at 42, approaching the sell zone, while the MACD line is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, supporting a short-term bearish trend. Although the focus is on the downside under the news headline, Iranian attacks could increase geopolitical risks and push oil prices higher. However, the current technical picture and the 1.4% decline over the past 24 hours suggest that downward pressure may persist.