𝗣𝗿𝗼𝗱𝘂𝗰𝘁 : 𝗫𝗔𝗨𝗨𝗦𝗗 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻: 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝙁𝙪𝙣𝙙𝙖𝙢𝙚𝙣𝙩𝙖𝙡 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨:  Gold prices have risen by 0.5% to around $2,340 as global geopolitical tensions escalate. The market mood is calm, but gold is seeing increased safe-haven demand due to rising threat levels. Tensions between Israel and Lebanon have intensified, with Israel warning of a potential "all-out war" with Hezbollah. Russia and China have made strategic moves, such as Russia's pact with North Korea and Malaysia's plans to join BRICS, concerning global strategists. Investors are also awaiting the Bank of England's policy meeting, as recent UK inflation data has raised the possibility of a rate cut, which could be positive for gold. 𝙏𝙚𝙘𝙝𝙣𝙞𝙘𝙖𝙡 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨:  Gold has broken the key resistance area around $2,340, near a trendline and the 50-day moving average. This level is a technical crossroads that could determine the precious metal's future direction. A decisive break above this resistance would invalidate a bearish head-and-shoulders pattern, signaling a continuation of the broader uptrend towards the mid $2,380s. However, if gold price gets back below this level could support the formation of the head-and-shoulders pattern, which often signals a trend reversal. A break below the $2,279 neckline would validate the pattern and activate downside targets. The next few trading sessions will be crucial in determining gold's near-term direction.