GOLD XAUUSD Chart Technical Outlook advances toward $2,675 boosted by geopolitical tensions
Gold (XAU/USD) is trending higher for the fourth consecutive day favoured by its safe-haven status, as concerns about the escalating tensions in Ukraine increase. KYiv has launched another attack on Russian territory, and Putin lowered the threshold for the use of nuclear weapons earlier this week.
Beyond that, US Treasury yields have stalled, which provides additional support to the precious metal.
This is a favourable context for Gold to extend its rally, aiming for the $2,675 resistance level, ahead of $2,700. Supports are at the previous high, $2645 and $2,620.
