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The war is fueling gold prices

Technical Analysis
By Ahmed Ashraf
The war is fueling gold prices
0

GOLD

ذهب 2-3-2026

Gold rebounded higher in morning trading until prices reached the 5400$ resistance area, a breakout above which could target 5575$, but the mentioned resistance zone is likely to limit the pace of gains during today’s session.

Support

 5100 4800
Resistance 5400

5575

Gold extended its strong performance during today’s session, supported by ongoing geopolitical tensions and rising demand for hedging instruments, as prices held near session highs following a clear upward move. The positive momentum was reinforced by weaker risk appetite in equity markets and continued concerns over energy supplies, enhancing gold’s appeal as a safe-haven asset. Price stability at these elevated levels reflects buyers maintaining their positions amid a landscape still dominated by uncertainty, keeping gold supported as long as the underlying drivers remain intact without a material shift in the broader outlook.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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