XAUUSD

Gold may be the most notable instrument of the week. The Iran-U.S. tension could elevate the demand for gold as a safe haven to new heights. It is showing a very strong outlook above the pivot level of 3369.30. As long as it stays above this level, an upward trend is expected to continue, with the resistances at 3391.76 and 3415.79 likely to be tested in sequence. If the tension escalates, even the level of 3462.28 could come into play. In pullbacks, 3345.27 is the first significant support.