U.S.-Iran negotiations resume again, optimistic expectations continue to ferment, bulls make a strong return, 4800 solidifies support, aiming at the 5000 level!



The signals of the U.S.-Iran negotiation restart are clear. Market optimism keeps heating up. Geopolitical risks in the Middle East gradually ease. Coupled with the weaker U.S. dollar and the renewed outlook for rate cuts, multiple positive factors converge to drive a strong rebound in gold, and it manages to firmly hold the crucial integer level of 4800.

From a technical perspective, the gold price strongly breaks through the prior resistance level, converting it into support. The 4800 support has been effectively reinforced. Bullish strength has fully restarted, and the short-term upward channel is completely open. On the daily timeframe, moving averages are arranged in a bullish order. The MACD forms a golden cross with expanding volume. The RSI indicator is running with a relatively strong bias, making the bullish-dominance pattern clear.

Current bullish targets are well defined. The next step will be to fully fight for the gains at the 5000 level, with the upside room for this phase completely opened.

Short-term trading strategies:
For aggressive traders, go long directly near 4810, defend below 4800, and target around 4950!
Conservative traders may wait for a pullback to the 4800-4810 zone to stabilize before going long. Use a unified defense below 4790. Swing targets are 4900-4950. After the breakout, look toward the 5000 level.

Tip: Keep a close eye on the progress of the U.S.-Iran negotiations. If a sudden negative development occurs or 4800 support is broken, adjust your thinking in time and strictly manage risk. #黄金:
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin