Brokers Raise Margins Amid Gold and Oil Volatility in MENA Markets
Gold and oil markets surged amid rising Middle East tensions, prompting brokers across the MENA region to adjust margin requirements and trading conditions.
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Abstract:Gold is currently consolidating just under $1,500/oz. after hitting a six-and-a-half year high of $1,511/oz. earlier this week. Positive fundamentals remain but markets dont move in a straight line.

Gold Price Fundamental Forecast:Neutral
Q3 2019 Gold Forecast and Top Trading Opportunities
Golds Price Correction May Offer Bulls a Better Trade
All bull markets have periods of price correction and consolidation and it looks as though gold is currently going through this process. While in the short-term it may not be the best trade to go long at current levels, in the longer-term golds price action suggests higher prices. However, it is even harder to suggest going short of gold at these levels with all fundamentals stacked against a sizeable move lower, leaving the sidelines the place to watch the market correction play out. All bull markets have periods of correction and consolidation, as loose holders get shaken out, and gold looks like it is currently following this pattern.
Check out our Technical Analysis section on the website for updated Gold chart levels and prices.
How to Trade Gold: Top Gold Trading Strategies and Tips
Gold Daily Chart (December 2018 - August 9, 2019)

The IG Client Sentiment Indicator shows retail traders are 60.6% net-long Gold, a bearish contrarian bias. However daily and weekly changes give us a stronger bearish Gold bias.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Gold and oil markets surged amid rising Middle East tensions, prompting brokers across the MENA region to adjust margin requirements and trading conditions.

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