The US-Iran negotiations are still in a tug-of-war stage, and the market generally predicts that the implementation of the subsequent agreement is only a matter of time. If the agreement is reached, both sides are likely to extend the ceasefire agreement and restore navigation through the Strait of Hormuz, directly suppressing crude oil prices. Falling oil prices will temporarily ease global inflation risks, providing short-term support for gold prices and causing a slight upward movement; but from a medium to long-term perspective, the cooling of Middle Eastern geopolitical tensions and the gradual fading of safe-haven premiums will also drag gold prices down. Therefore, before the official announcement of the negotiation breakthrough, gold prices will remain volatile within a wide range, with other factors such as trade tariffs, inflation issues, or Federal Reserve policies possibly influencing short-term movements. Regarding the trend of gold prices, I still lean towards a short-term oscillation pattern, with a medium to long-term rebound and short-selling approach.

Tonight, focus on resistance around 4550-4553; if prices surge to this level, consider shorting, with a stop-loss at 4570.

June 2nd, short-term evening trading strategy for gold:

$XAUUSD : Short at 4550-45 near 73, with a stop-loss at 4580, targeting 4513-4500.