DailyMarketMovements

Gold to $2,090 in coming days.

TVC:GOLD   골드 (US$ / OZ) CFDs
The past 48 hours we have seen 2 missiles hit US & Maltese ships crossing south of Yemen. The US & UK stated " Britain could strike Houthi targets in Yemen again if the rebel group continues to attack ships in the Red Sea" This is a quote from the UK foreign secretary.

When the west carry out their attacks wether they be from drones or battle ships, it is typically at night around 3-5am UK time for an attack in Yemen. This makes it easier to carry out as well as not having innocent citizens roaming around a potential target.

Tonight I think there is a 80% chance the US & UK will act in retaliation of the past 2 attacks in the last 48 hours. This attack likely further increases risk in the middle east region and I see a path for GOLD to travel up to $2090 in the coming days/weeks.

This week I would target $2,060 if you agree with my fundamental catalyst of a western attack on Yemen.


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