Base Case: Escalation of Israel-Hamas war(IHW).
What I mean by escalation?
1) When Israel's ground invasion begins
2) More countries takes sides by way of expression of support via Media outlet
3) Countries begin to supply arms, technology, funds and troops
4) Conflicts in other regions that results in lives taken
5) sharp increase in deaths caused by IHW
If you believe any of the above might happen, then it's fundamental news that will bulldoze and throw out most of the technical readings. Expect Gold $XAU/USD(XAUUSD.FOREX)$ and Silver $XAG/USD(XAGUSD.FOREX)$ spot to remain supported and continue to appreciat in value as long as there's escalation of war.
If your views are as above, buying Gold or Silver ETFs like $SPDR Gold Shares(GLD)$ $iShares Silver Trust(SLV)$ might help.
For the higher risk traders. You could look at call options [Miser] . "Like" my comments and I will be motivated to bore you with options trading ideas! All the best!
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