Gold Morning Thoughts

Yesterday, gold surged before experiencing a significant drop, with London gold hitting a low of 4351, a daily decline of over 2%, breaking the high-level oscillation pattern, and the bullish momentum was clearly hindered.

On the fundamental side, expectations for Federal Reserve interest rate cuts continue to cool, with both the dollar and U.S. Treasury yields rising, combined with the gradual easing of Middle Eastern risk aversion, creating a dual negative impact that continues to suppress gold prices. The market has effectively broken through the key support level of 4400, establishing a short-term bearish trend, with key attention on the support at 4300 below, and strong resistance in the 4480 area above.

Operational Strategy

Short Position

Enter lightly in batches within the rebound range of 4450-4480, targeting 4430, 4400, 4350 in sequence, and if it breaks down, look down to 4300, with a stop-loss at 4500.

Long Position

If it stabilizes after a pullback in the range of 4360-4380, a long position can be arranged; if there is a deep correction, buy in the support area of 4350-4330; if the market rallies strongly, follow up near 4410, with targets above at 4450, 4480, and higher. #特朗普希望尽快结束对伊朗战争 #美国加密法案再次遇阻 #美伊和谈陷僵局 #国际油价下跌