Claim of Missile Strike on Qeshm Island Amid Iran-US Tensions

The claim that a missile struck Qeshm Island amid Iran-US tensions could raise the geopolitical risk premium in the Persian Gulf and create upward pressure on Brent. However, the price is currently at 97.76, below the SMA20 (98.36), with a 24-hour change of -1.5%; RSI is at 47.9 in neutral territory, while MACD is slightly below its signal line, indicating a weak technical picture. Since the news is an unconfirmed claim, its impact may be limited and volatile; if confirmed, an upward move could accelerate. In the short term, resistance should be watched at 98.36, with SMA50 (97.02) as support below. Confidence is medium-low; there is a risk of sudden spikes and pullbacks depending on the news flow.

The claim of a missile strike on Qeshm Island amid Iran-US tensions could raise the geopolitical risk premium and create short-term safe-haven demand for gold. However, the price is currently at 37.66, below the SMA20 (39.12) and SMA50 (39.06), the RSI at 38.7 is weak, and the MACD is negative below its signal; the technical outlook is bearish. After the sharp 4% decline in the last 24 hours, news-driven buying interest may remain limited. The unconfirmed nature of the report and the possibility of tensions easing create uncertainty. Therefore, I forecast an upward direction but with low confidence; a lasting recovery should not be expected unless the 38.5-39.0 resistance zone is broken.