XAU Spot Gold Analysis


Technical aspect, gold's daily chart rebounded in the first half of this week, but weakened in the second half with insufficient upward momentum, and the trend depends on news factors.
Intraday likely to fluctuate, as US-Iran negotiations are undecided, the dollar's rebound suppresses gold prices, if it breaks below the 10-day moving average of 4750, look at the 20-day moving average of 4650, with resistance at 4840-4850.
On the hourly chart, the gold price center of gravity has shifted downward, and moving averages are trending down, with short-term room for decline, resistance at 4805-4810, key at 4830-4835, support at 4750, a breakout requires news stimulation.

Trading suggestions:
Short in batches between 4820-4850, target 4700-4670, make reasonable plans based on your position, strictly set stop-losses $BTC $ETH #GatePreIPOs首发SpaceX
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