Gold vs Oil Update

Gold has fallen for a second week as Crude Oil rose to $100/barrel, with funds rotating from Gold into Oil amid Middle East tensions involving Iran and risks near the Strait of Hormuz.

Gold Levels

• Support: $5,020

• If $5,020 fails → $4,968

• Break $4,968 → $4,900 – $4,860

• If support holds → possible rebound

Meanwhile, JPMorgan Chase sees long-term Gold near $6,300, with potential above $8,000.

Oil Outlook: Escalation could push oil toward $130/barrel. NFA. ..................................... kindly be carefull ...