24/7 SUPPORT
Download App
Search
Popular Search
Published: 2 March 2026,07:10
Daily Market Analysis New
*Gold prices surge 2% to an intraday high of $5,387/oz as investors flood into safe-haven assets following the killing of Ayatollah Ali Khamenei.
*Geopolitical “Black Swan”: Coordinated US-Israeli strikes on Tehran Saturday night have triggered a massive regional conflict, with Iran retaliating against Israel and US bases in the UAE, Qatar, and Bahrain.
*Energy Supply Alert: Fears of a total closure of the Strait of Hormuz have sent Brent Crude up 9%, further fueling the inflationary “gold hedge.”
Market Summary:
The global financial landscape has been fundamentally altered over the weekend. Gold’s 2% jump is a direct “risk-off” response to the decapitation of Iran’s leadership. With the confirmation that Supreme Leader Ayatollah Ali Khamenei was killed in a joint airstrike, the “geopolitical risk premium” is being repriced at an aggressive rate. Analysts now suggest that the $6,000/oz level for gold is no longer a distant forecast but a near-term possibility if the conflict expands into a broader regional war.
The retaliation from Tehran has been swift and multi-pronged. Missile barrages hitting targets across the UAE, Bahrain, and Qatar have effectively drawn the entire Gulf Cooperation Council (GCC) into the fray. This has created a “dual-threat” for markets:
The Economic Parallel Track While the war dominates headlines, the underlying US macro narrative remains a critical secondary driver. This is a massive “Jobs Week” for the US. Investors are looking at:
If these labor readings come in “hot” (showing a strong economy), it creates a complex dilemma for the Federal Reserve. Normally, a strong labor market keeps the Dollar high and Gold low; however, the current war footing has decoupled Gold from its usual inverse relationship with the Dollar. For now, safety is the only trade that matters.
Technical Analysis
Gold is currently in a high-stakes battle at the 5350.00 resistance level. While the price action remains structurally bullish, the internal momentum indicators are signaling potential exhaustion. The RSI is at 69, sitting right on the edge of the overbought threshold (70), which often precedes a “cooling off” period or a minor retracement. Furthermore, the MACD histogram is printing smaller bullish bars, creating a slight bearish divergence that suggests buyers are losing their aggressive edge at these record elevations.
A decisive hourly close above 5350.00 would invalidate the overbought signal and likely trigger a “price discovery” phase toward the 5585.00 extension. However, if the bulls fail to clear this ceiling, a technical correction is highly probable. Traders should watch the 5250.00 support level as the first line of defense; a breach here would likely lead to a deeper re-test of the previous breakout zone at 5170.00.
Resistance Levels: 5350.00, 5585.00
Support Levels: 5250.00, 5170.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
