Gold Prices Soar Amid US-Iran Tensions: Experts Predict Further Rally

• Escalating US-Iran tensions and anti-government protests in Iran are driving increased demand for gold as a safe-haven asset.
• Market experts anticipate a strong opening for gold prices on Monday, with potential for significant gains in both international and domestic markets.
• COMEX gold prices could reach $4,550 per ounce, and MCX gold prices are projected to hit ₹1,42,000 per 10 grams, potentially even ₹1,45,000.
• Technical analysis shows strong support for MCX gold between ₹1,35,000 and ₹1,37,000, with resistance at ₹1,40,000-₹1,42,000.
• Investors are advised to use a 'buy-on-dips' strategy but to trade with clear targets and stop-losses due to potential volatility.

Why It Matters: Geopolitical tensions are fueling a gold rally, with experts forecasting significant price increases and advising cautious investment.