Just now, the 'stock god' Trump has started drawing lines again,

with a statement of 'significant progress in negotiations',

gold and silver initially surged;

a statement of 'if negotiations fail, we will continue to target Iranian power plants, oil wells, and Hark Island',

oil prices have reattached the risk premium.

So this upward movement,

I won't write it as if the bulls have completely taken over.

It feels more like the market is being dragged by the headline:

On one hand, we are pressing for negotiations to not fail,

on the other hand, we are preventing oil prices from exploding again.

Brent and WTI are still at high levels,

the dollar and interest rates haven't completely retreated.

From the market perspective:

$XAU has just reopened that upper layer,

but what is truly valuable now is not how high it has surged,

but whether it can catch the pullback after the surge.

$XAG is the same,

silver has followed this wave fairly well,

but as soon as it falls back, it lags behind,

then it still relies on news to drive it,

it's not a structure that has stabilized itself.

XAU

First look at 4560—4575

Then look at 4580—4600

Then look at 4620—4650

First look at 4535—4515

Then look at 4500—4485

Then look at 4465—4445

XAG

First look at 71.20—71.70

Then look at 71.80—72.20

Then look at 72.80—73.20

First look at 71.00—70.80

Then look at 70.50—70.20

Then look at 69.80—69.50

My judgment is placed here:

This wave is not due to the market suddenly becoming optimistic,

it's Trump again 'doing T' during the session.

To continue writing upwards,

first see if gold can stabilize around 4550,

and if silver can hold the 71 line.

If it can hold, the repair can continue;

if it can't hold, let's first look at the repricing after the surge.

Leave a comment:

Do you think this wave will first ease for gold,

or silver?

I will continue to monitor the second foot in the comments.

If you want to see updates during the session, just follow.

#XAU #xagusdt