XAUUSD: Gold Rallies on Iran Deal News with Key Technical Patterns Pointing Upward, June 16, 2026
Over the past three trading days, XAUUSD has demonstrated a strong rebound driven by the news of a ceasefire deal between the U.S. and Iran, closing yesterday at 4310.6 after rising significantly from early June lows. The easing of Middle Eastern geopolitical tensions has led traders back into gold, pressuring the dollar and oil prices while improving market risk sentiment. For the average investor, this feels like a breathing space after crisis, with gold regaining its allure as a safe-haven as

















