Affected by the tug-of-war over the Strait of Hormuz situation, gold prices today experienced intense battles between bulls and bears, mainly remaining in a high-level oscillation with an unclear trend.

Geopolitical risk aversion provided support, but rising oil prices pushed inflation expectations higher, suppressing the upward space for gold prices.

In the short term, it is slightly weak, falling back to the support zone of 4510–4518 in the early trading session, with clear buying support, and after stopping the decline, there is a slight rebound and correction demand.

The core oscillation range for the entire day: 4510–4570, mainly for shakeouts, making it difficult to form a one-sided trend.

Trading strategy

If the 4510–4518 range stabilizes, consider short-term longs with targets at 4550–4570.

Near 4570 resistance, consider shorting, looking back at 4520–4510.

Strictly set stop-losses; in a volatile market, avoid chasing gains or cutting losses impulsively.
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