The tension between the US and Iran is lifting gold, with the price close to the six-and-a-half-year peak reached in September. The bullish scenario of the last few days has now accelerated as investors head for haven assets.
From a technical point of view, prices will find a solid resistance area between $1,550/oz and $1,555/oz, where we expect profit-taking stops to be placed. If gold breaks through this resistance, there is space for further recoveries.
