📌 Gold loses the $4,800 level! Geopolitical turmoil intensifies the battle between bulls and bears


💰 Today’s market focus shifts again to geopolitical tensions. Spot gold continued to decline during the Asian trading session, breaking below the important psychological level of $4,800. It is currently at $4,769.79, down 1.09% on the day. Previously, gold had fallen to $4,098 at one point, setting a new intrayear low; from March 16 to 20, it plunged 10.52% in a single week, the largest weekly drop since 1983, wiping out all gains for the year.
🔔 Market sentiment is extremely mixed right now: the US-Iran temporary ceasefire agreement is set to expire, the Strait of Hormuz is closed again, and the US Navy has seized Iranian vessels in the Gulf of Oman, causing geopolitical risk premiums to heat up again. However, the bulls have not launched a strong counterattack—the strengthening US Dollar Index is suppressing gold’s upside space.
📊 Outlook: $4,800 has become the new line dividing bulls and bears. If positive news comes from US-Iran negotiations, gold prices may quickly recapture lost ground; if negotiations break down, the $100/ounce trading volatility range will open up again. Keep an eye on the US economic data releases tonight.
#黄金 #XAU #地缘风险 #US-Iran negotiations #SafeHavenSentiment
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