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# $XAUT
83
ForexNo.1
The Middle East conflict reignites over the weekend, with the US and UK conducting airstrikes in Yemen. The escalating situation will significantly boost market risk aversion sentiment. This is very likely to cause gold to open sharply higher on Monday, potentially hitting new highs.
· Core Driver: Middle East situation. If the situation worsens further over the weekend, risk aversion buying on Monday’s open will be very strong.
· Technical Levels: Watch the 5300 integer support level (according to some analysts); resistance above can be referenced at 5315 and 5350. If the gap opens too high (
· Core Driver: Middle East situation. If the situation worsens further over the weekend, risk aversion buying on Monday’s open will be very strong.
· Technical Levels: Watch the 5300 integer support level (according to some analysts); resistance above can be referenced at 5315 and 5350. If the gap opens too high (
XAUT1.09%
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