{"id":126708,"date":"2026-01-02T11:18:44","date_gmt":"2026-01-02T09:18:44","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=126708"},"modified":"2026-01-02T16:57:44","modified_gmt":"2026-01-02T14:57:44","slug":"trump-threatens-iran","status":"publish","type":"post","link":"https:\/\/www.smartindonesiafx.id\/en\/trump-threatens-iran\/","title":{"rendered":"Trump threatens Iran"},"content":{"rendered":"\n

President Donald Trump stated the following today \u201cIf Iran shots and violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue. We are locked and loaded and ready to go.\u201d The comments by the US President showcase a willingness to engage in direct military conflict with Iran, which could aid gold prices. Yet, our view is that the comments are simply bravado for now.The UK\u2019s nationwide HPI rates for December which were released today, tended to come in lower than expected. The lower-than-expected rates on a month-on-month and year-on-year level, could possibly weigh on the sterling as the new year begins.On a geopolitical level, China has begun exercises near Taiwan, prompting the US State Department to comment that the exercises raise tensions unnecessarily. However, since Chinese exercises are not that uncommon, the impact on the market may be relatively muted. On the other hand, should the situation evolve into a military confrontation, it could raise tensions in the region, which in turn could provide support for gold\u2019s price.In the US, the S&P manufacturing PMI figure for December is set to be released later on today. According to economists, the manufacturing PMI figure is set to come in lower than expected at 51.8 which would be lower than the prior figure of 52.2. Hence despite the possibility of showcasing an expansion in the manufacturing sector overall, the figure could instead weigh on the dollar. On the other hand, should the figure come in higher than anticipated it may have the opposite effect and could thus aid the greenback. In Monday\u2019s Asian session, Japan\u2019s final manufacturing PMI figure is set to be released. An improvement in the manufacturing PMI figure could provide support for the JPY during Monday\u2019s Asian trading session and vice versa.<\/p>\n\n\n\n

XAU\/USD appears to be moving in an upwards fashion, having cleared our resistance turned back to support at the 4380 (S1) level. We opt for a bullish outlook for the commodity\u2019s price considering the current break above our S1 level, yet for our bullish outlook to be maintained we would require gold\u2019s price to remain above our S1 level if not also clearing our 4450 (R1) resistance line. On the other hand, for a sideways bias we would require gold\u2019s price to remain confined between our 4380 (S1) support level and our 4450 (R1) resistance line. Lastly, for a bearish outlook we would require a clear break below our 4380 (S1) support level with the next possible target for the bears being our 4310 (S2) support line.<\/p>\n\n\n\n

EUR\/USD appears to be moving in a downwards fashion. We opt for a bearish outlook for the pair and supporting our case is the pair\u2019s failure to clear our 1.1815 (R1) resistance line, with the pair now seemingly taking aim for our 1.1685 (S1) support level. For our bearish outlook to continue we would require a clear break below our 1.1685 (S1) support level with the next possible target for the bears being our 1.1560 (S2) support line. On the flip side, for a sideways bias we would require the pair to remain confined between our 1.1685 (S1) support level and our 1.1815 (R1) resistance line. Lastly, for a bullish outlook we would require a clear break above our 1.1815 (R1) resistance line, with the next possible target for the bulls being our 1.1917 (R2) resistance level.<\/p>\n\n\n\n

Other highlights for the day:<\/strong><\/h2>\n\n\n\n

Today we get UK\u2019s nationwide house prices for December, the Czech Republic\u2019s GDP rate for Q3, and Germany\u2019s, the UK\u2019s and the US final manufacturing PMI figures for December. On Monday\u2019s Asian session, we get Japan\u2019s final manufacturing PMI figure for December and from China we get the RatingDog Services PMI for the same month.<\/p>\n\n\n\n

XAU\/USD H4\u00a0 Chart<\/strong><\/h2>\n\n\n\n
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