Guangda Futures: Titik gencatan senjata sementara mendekat, laju rebound harga emas melambat

20 April, COMEX gold fluctuated and strengthened, closing at 4841.0 USD/ounce, a decrease of 0.79%. The domestic SHFE gold night trading session opened slightly higher, slightly pulled back during the session, closing at 1058.68 RMB/gram, a decrease of 0.43%.
The market focused on the US-Iran conflict, with U.S. President Trump stating in a media interview yesterday that if the US and Iran fail to reach an agreement, he “almost certainly” will not extend the ceasefire with Iran again. The temporary ceasefire between the US and Iran will expire on April 22, Beijing time, and before that, the market may have strong concerns. The gold market once again showed caution, but also worried about another TACO. Currently, the rebound in gold prices is still weaker than when the US-Iran conflict occurred, indicating the market’s cautious attitude towards a sustained recovery in gold prices, with significant disagreement between bulls and bears.
From the current overall trend of leaning towards resolving the conflict through negotiations, it may be an opportunity to buy on dips. However, before the outcome of the US-Iran negotiations becomes clear, attention should be paid to controlling positions. (Everbright Futures)