Currently, market participants do not have strong hopes or expectations for a renewed peace and ceasefire negotiations between Iran and the United States in the short term. At the same time, there are concerns that the situation in Iran could lead to sporadic but persistent attacks on other Middle Eastern countries by pro-Iranian organizations outside the Iranian military, such as the Houthi movement in Yemen. Therefore, investors’ risk appetite for chasing gold at high levels lacks strong impetus in the short term. After repeatedly testing the resistance level of $4,436, gold prices are likely to encounter obstacles that limit further upward movement.

Gold prices may fluctuate between $4,325 and $4,436 in the short term. Pay close attention to potential entry opportunities at the lower end of this range, as there is short-term upside potential. $4,305 can be considered an important defensive level; appropriate risk management is essential.

Risk Warning: This article is for market analysis purposes only. The price ranges and levels mentioned are for market observation and reference only and do not constitute any investment advice. Precious metal prices are highly volatile; please make independent and prudent decisions and manage your own risk.

Gold price chart (1 hour):

Ferris Kwok

Chief Analyst
Success Finance Group

Email: ferris.kwok@successfn.com