Currently, the rebound has already reached about $100, the overall trend remains mainly oscillating, with resistance collectively around $4,780-$4,790. The key to a second pullback still depends on the support at $4,680-$4,670. In this kind of market, profit targets that are a bit more distant are more likely to be given back, and the mentality can be affected by several swings. The market needs stronger fundamentals to drive a true trend, which may happen in the second half of the year. Today, after the gold rebound, it first touched around $4,770-$4,780 short, with an important support above $4,800-$4,810. The second pullback support is at $4,740-$4,730. Keep an eye on the impact of the US-Iran event at any time. Oil prices have been relatively stable recently, mainly because gold has been fluctuating frequently and strongly.



Investing involves risks. Enter the market cautiously (operations are for reference only).
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