Gold price adjusted but the main trend still increases!

Gold prices are surging amidst escalating tensions in the Middle East, following Iran's recent attack on Israel. Surprisingly, the US dollar remains steady, as market sentiment is relatively calm despite the geopolitical strains. Gold could see further support ahead of the upcoming U.S. retail sales data.

The initial target is today's high of $2,373, with the eye-catching $2,400 mark next in line for a retest.

Should gold break past this threshold, we could be looking at challenging the all-time high of $2,432. Stay tuned as these dynamic conditions unfold!

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