Midday Gold Outlook



Last Friday, escalating tensions between the US and Iran severely damaged market risk appetite. Although Trump signaled negotiations, the US continued to reinforce troops and kept the option of ground invasion on the table. Israel and the US still carried out airstrikes on multiple Iranian industrial and nuclear facilities. The US dollar index rose for four consecutive days, returning to the 100 level, strongly suppressing gold prices from rebounding. Prices faced resistance again at 4500!

From the daily chart perspective, gold remains in the technical correction phase of a medium-term decline. During the previous high-level pullback, a large number of trapped positions accumulated, leading to significant selling pressure above during rebounds. Overall, the rebound momentum is weak, and it currently lacks the conditions for a sustained upward push.

Gold Trading Strategy: Short near 4515, target 4450, around 4390! #BTC能否守住6.5万美元? #TRUMP团队疑似抛售1606万美元代币 #国际油价走高 $BTC $ETH $XAUT
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