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U.S.-Iran Negotiations Stir the Market! Gold Rises but Faces Resistance, Whether 4800 Holds or Breaks Depends on This Shakeout
As the second round of U.S.-Iran talks begins, crude oil first kneels, while gold surprisingly firms up.
Currently, gold prices stay above 4760, brothers, keep a close eye on the resistance zone between 4780–4800.
If it moves upward: If gold can truly hold above 4800, the bulls still have a chance, with the next target at 4855–4865, and a more aggressive move toward 4900.
If it drops: If it cannot break through 4780–4800, look for a pullback to 4740–4750; if 4740 also fails to hold, then it’s straight to 4700.
Stability signals: As long as it can stay above 4740, there’s a high probability it will rebound.
Today’s trading idea from Brother Liang: Buy low and sell high within the range, don’t get carried away.
If it pulls back near 4740–4750, try a small long position; if it rebounds near 4780–4800, look for an opportunity to short it.
⚠ Remember: Once gold truly breaks through the 4740–4800 range, a one-sided trend could come at any time, and the previous high-low trading strategy will no longer work.
At that point, Brother Liang will provide real-time levels during trading, stay tuned and don’t fall behind.
These are my personal market views; markets change rapidly, so this is for reference only and does not constitute investment advice.
When it comes to real money, think carefully yourself.