Driven by geopolitical risks between the US and Iran, gold prices have recently diverged significantly from conventional technical indicators. At the beginning of the week, due to the escalation of the conflict between Iran and Israel and the closure of the Strait of Hormuz, gold prices suffered from tightening liquidity and panic selling, plummeting to around 4024. Subsequently, the US and Iran released signals of negotiations, and the geopolitical risk premium fell in the short term. However, as I pointed out before, the US's so-called "agreement is expected to be reached" is actually a delaying tactic - the ammunition stockpile in the Middle East is nearly exhausted, and the terms of the agreement seriously erode Iran's core interests. Iran has made it clear that it has refused to compromise and has vowed to weaken U.S. regional influence. I believe that as long as the conflict in the Middle East has not been completely resolved, gold will continue to face the risk of negative shocks driven by news, and short-term negotiations are unlikely to reverse the downward trend.
Gold closed the week at 4217. Friday's trading saw a weak rebound, but selling pressure remained high. We placed two short orders in the 4200-4215 range and both resulted in precise profit-taking. During the US session, we entered another short order in the 4230-4235 range and also exited with a profit. The previously given short-selling strategy in the 4240-4255 resistance zone has been fully realized. Currently, the market does not appear to be a bullish counterattack signal, and the overall downward pressure pattern remains unchanged. Short-term resistance is focused at 4230-4235. The trading strategy remains to build short positions in batches after a rebound encounters resistance.
From the 4-hour chart, the first resistance level in the short term is 4230-4235, and the key resistance zone has moved up to 4270-4290; the initial support level is at 4160-4170, and the core support zone is at 4085-4100. It is recommended to use a short-selling strategy based on resistance levels, while strictly controlling position size. Specific operation: Short at 4230-4235, and add to short position if it tests the 4245-4255 area.
XAUUSD GOLD XAUUSD
Gold closed the week at 4217. Friday's trading saw a weak rebound, but selling pressure remained high. We placed two short orders in the 4200-4215 range and both resulted in precise profit-taking. During the US session, we entered another short order in the 4230-4235 range and also exited with a profit. The previously given short-selling strategy in the 4240-4255 resistance zone has been fully realized. Currently, the market does not appear to be a bullish counterattack signal, and the overall downward pressure pattern remains unchanged. Short-term resistance is focused at 4230-4235. The trading strategy remains to build short positions in batches after a rebound encounters resistance.
From the 4-hour chart, the first resistance level in the short term is 4230-4235, and the key resistance zone has moved up to 4270-4290; the initial support level is at 4160-4170, and the core support zone is at 4085-4100. It is recommended to use a short-selling strategy based on resistance levels, while strictly controlling position size. Specific operation: Short at 4230-4235, and add to short position if it tests the 4245-4255 area.
XAUUSD GOLD XAUUSD 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.