In Tokyo, people bought the US dollar because they were worried that the US might attack Iran. This made the gold price go down at first. However, later there was news from the White House saying that President Trump will make an announcement about the Iran attack plan within two weeks. This news made people feel a little safer, so the US dollar went down, and gold was bought again.
Also, because the New York market was closed yesterday for the Juneteenth holiday, price movement was limited.
In the future, if the Middle East situation gets worse, more people may buy gold because it is seen as a safe asset. But near the price level of 3,500, many traders are waiting to sell gold and take profit. So, for now, the price may move up and down in a small range near the high levels.
Gold-Dollar Expected Range: 3,350 – 3,400
Note: This information does not guarantee any profit. Please make your own decisions when trading.