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👉 The war situation in the Middle East centered on Iran is causing major instability in the international market.

👉 First, Gold, i.e. XAUUSD, is generally considered a 'safe haven'. When war or global uncertainty increases, investors leave risky assets and move to Gold. As a result, the price of Gold is likely to increase.

👉 Second, the US dollar may initially strengthen in the Forex market, because it is also considered a safe currency. At the same time, the Japanese yen and Swiss franc may also strengthen.

However, if the war is prolonged and oil prices increase, then more instability may arise in the market due to the fear of increasing inflation.

✍️ In short, in a war situation, there is a high probability of Gold being bullish and volatility in the Forex market will increase significantly. #sahedsani #forextrading #forexsupport #signals #forexsignals #trading #xauusd #gold #oil

President Trump warned that the US would continue to attack Iran until it was no longer a threat, suggesting the conflict could last a month or “much longer.” Meanwhile, Iran has declared the Strait of Hormuz closed and threatened to target any ships attempting to transit the vital energy corridor.

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