3·30 Precious Metals
The Iran conflict has been brewing for a month!
Spot gold rebounded strongly to $4510/ounce (+$110, +2.5%), and silver rose in tandem to $70.5 (+2.8%). The U.S. and Israel have been at war with Iran for over a month, with the Houthis entering the fray and the risk of blocking the Strait of Hormuz pushing oil prices above $100. Inflation and the Fed's hawkish expectations once suppressed gold and silver, causing a drop of 15%, but central bank gold purchases and geopolitical risk aversion reignited the logic reversal!
$XAU Support level 4350-4300, a breakout above 4600 could lead straight to 4800-5000! Any escalation from Iran = bullish nuclear bomb, a dip must be bought.
$XAG Support at 67-65, explosive elasticity, target 80-88. The gold-silver ratio is falling, with silver likely to outperform gold.
Strategy: Frequent black swan events in Iran mean buying gold on dips for hedging, while silver aims for excess returns. The bullish trend in Q2 remains unchanged, strictly control positions to guard against policy reversals. Dare to bet on geopolitics, dare to make big money!
