Gold price retains its bullish bias near one-week high amid rising geopolitical risks

GOLD ANALYSIS & NEWS

~Gold made a high of $2664 today in early EU session and continued it's Bullish rally.
~Yesterday Gold took a small correction from $2640 to 2620 and then continued its Bull run.
~Gold gave around 40$ movement since yesterday low from $2619 to $2664.

Gold price retains its bullish bias near one-week high amid rising geopolitical risks

~Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high.

~Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD.

~Elevated US bond yields could underpin the US Dollar and cap the non-yielding yellow metal. 

WHAT'S EXPECTED IN GOLD TODAY?

1. Gold is trading in Bullish zone on 4th consecutive day, making a recent high of $2664.

2. Gold still seems bullish, Gold may touch the mark of $2676-78 levels today on bullish side.

3. There is a 20 Day MA at $2652, It may test those levels before take another spark on Bull side.