The ongoing conflict between Hezbollah and Israel has fueled uncertainty in global markets, driving investors to gold. With favourable technical patterns and Federal Reserve rate cuts, gold is showing bullish momentum, targeting $3,000.

AUD/USD strengthens above 0.6800 with RBA policy on the horizon. The RBA is expected to leave interest rates unchanged on Tuesday. The US Dollar recovers amid growing uncertainty over the Fed’s interest rate outlook.

The wave cancel invalidation level is set at 18,295.9, which means that if the price falls below this level, the current wave count and structure will be invalid, requiring a reassessment of the market’s trend direction.