Enze: The US-Iran negotiations are coming up! Gold is consolidating with a stronger bias, and the key levels for both long and short have been identified

The 4-hour gold candlestick chart shows a stronger-than-expected trend. The US and Iran parties will continue negotiations in Pakistan, and in the short term, the main resistance to watch is in the 4830-4850 range. Today’s live trading has already provided a short opportunity. After midnight, gold remains biased upward: short-cycle moving averages continue to point upward, and the bullish structure is unchanged.

From the 4-hour structure, short-term support below is focused on 4730-4740, and the core strong support is at 4710-4720. In the short term, it is likely to maintain a wide-range consolidation. For resistance overhead, look at 4830-4845. For a directional move, the market still needs technical repair and final confirmation from the news. Trading should mainly be range-based—sell high at the top of the range and buy low at the bottom—with the specific strategy determined by real-time intraday signals.

Gold Trading Strategies

On pullbacks, buy in batches at 4720-4730, set stop-loss below 4710, target 4780-4800; if broken, you can hold

On rebounds, sell in batches at 4830-4850, set stop-loss above 4860, target 4730-4740; if broken, you can hold

Reminder:
The above analysis is Enze’s personal analysis. The market can change rapidly; the content is for reference only and does not constitute any investment advice!
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