Hey Traders, in today’s trading session we are monitoring GOLD for a buying opportunity around the 4,640 zone. Gold is trading in an uptrend and is currently in a correction phase, in which it is approaching the trend near the 4,640 support and resistance area.
From a macro perspective, gold is holding near a major technical support zone as markets remain on edge ahead of President Trump’s deadline for Iran to reopen the Strait of Hormuz. The threat of further military escalation is keeping geopolitical risk elevated, which continues to support safe-haven flows into precious metals, even while the US dollar also remains firm. Spot gold has been trading around the 4,640–4,650 area today, making your level highly aligned with the current macro reaction zone.
The key driver behind this setup is the market’s fear of a fresh escalation tonight. If Iran refuses to reopen the strait, oil prices could spike again, intensifying inflation concerns and pushing investors toward defensive assets such as gold. At the same time, the uncertainty around military headlines can create sudden volatility spikes, which makes buying pullbacks into strong trend support zones a high-probability strategy in the current environment.
Technically and fundamentally, the 4,640 zone becomes a powerful confluence level, combining the bullish higher-timeframe trend with geopolitical safe-haven demand. A bullish reaction from this area could trigger the next continuation leg toward recent highs, especially if tonight’s Trump–Iran deadline adds another wave of fear to global markets.
From a macro perspective, gold is holding near a major technical support zone as markets remain on edge ahead of President Trump’s deadline for Iran to reopen the Strait of Hormuz. The threat of further military escalation is keeping geopolitical risk elevated, which continues to support safe-haven flows into precious metals, even while the US dollar also remains firm. Spot gold has been trading around the 4,640–4,650 area today, making your level highly aligned with the current macro reaction zone.
The key driver behind this setup is the market’s fear of a fresh escalation tonight. If Iran refuses to reopen the strait, oil prices could spike again, intensifying inflation concerns and pushing investors toward defensive assets such as gold. At the same time, the uncertainty around military headlines can create sudden volatility spikes, which makes buying pullbacks into strong trend support zones a high-probability strategy in the current environment.
Technically and fundamentally, the 4,640 zone becomes a powerful confluence level, combining the bullish higher-timeframe trend with geopolitical safe-haven demand. A bullish reaction from this area could trigger the next continuation leg toward recent highs, especially if tonight’s Trump–Iran deadline adds another wave of fear to global markets.
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What a sniper entry and beautiful run! 
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Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.