Iran Launches Missile and Drone Attack on US Bases

Rising geopolitical tensions could reduce risk appetite and negatively impact technology stocks such as GOOGL. Technical indicators already present a weak outlook, with the RSI near the oversold zone at 34.9 and the MACD trading negatively below its signal line. The price has closed below the 20-day and 50-day moving averages, suggesting that short-term pressure may persist. A new wave of selling could occur on the back of the news, but the decline is likely to remain limited as markets gradually adapt to such events over time. Investors are advised to remain cautious and monitor key support levels.

Iran's attack on US bases is a development that significantly increases geopolitical risks in the Middle East and fuels concerns over oil supply security. Such news can add a strong risk premium to Brent prices in the short term, supporting an upward move. Technically, the price being above the 20- and 50-day moving averages and the RSI at a strong level of 62 suggest that the current uptrend may continue. However, the MACD line being below the signal line indicates some weakening in momentum, and with the approach to overbought territory, there is also a risk of a sharp correction in the short term. Nevertheless, the news flow and technical outlook suggest that an upward movement is more likely in the near term.

A sudden escalation in geopolitical tensions could trigger safe-haven demand, providing short-term support for GOLD shares. However, technical indicators remain weak: RSI is near oversold territory at 34.8, MACD is negative, and the price is trading below both the 20-day and 50-day moving averages. Despite positive news flow, the prevailing downtrend and high volatility are expected to limit any upside. Therefore, while the directional bias is upward, the confidence level is moderate.

Geopolitical tensions are pushing oil prices higher, which could positively impact energy companies. XOM stock is already in a strong uptrend with RSI in overbought territory, but momentum may persist in the short term. MACD is above the signal line and positive, indicating sustained buying pressure. However, caution is warranted due to overbought conditions and the possibility that the news is already priced in. In the short term, upside movement may be limited, and the risk of a potential correction should not be overlooked.