Xinxin Gold Thinking Analysis



In the morning, driven by the easing of US-Iran tensions, gold prices surged straight from 4546 to 4636, a daily increase of $90, combined with yesterday’s rebound from 4500, confirming the 4500 level as a temporary bottom. As geopolitical favorable news continues to be released, the bullish trend in gold is clear, and further gains are only a matter of time.

Technical support levels are densely resonant: the 50% strength/weakness dividing line at 4594, the top-bottom conversion point at 4586, and the Fibonacci 618 support at 4580. The pullback space is limited, and the defense at the head is solid.

Operation suggestions:
Initially, buy on the first pullback to the 4591-4586 range, add positions at 4580, with targets at 4680-4700, and a stop loss set at 4567.
Follow the trend for long positions, mainly going long on dips, and avoid contrarian betting.
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