Prices Expected to Surge Amid Middle East Tensions. Product :XAUUSD Prediction: Increase🔥 Date : 7 May 2024 Technical Analysis:  The currency pair has just retested the upper limit around $2326 and retreated slightly from the levels in the previous period. This also coincides with the level of the 50-day Simple Moving Average (SMA). Prices may further pull back and fall towards the bottom of the range around $2280, or break above the range top and start moving towards the resistance level at $2353, which aligns with the peak of the volatility seen at the end of April.