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Gold, Morning Analysis
Currently, the price is at the 4470 level. If you have “Northbound” fans (i.e., holding long positions), you can continue to hold. Although there have been some twists and turns in the US-Iran negotiations, overall it’s heading in a positive direction, and there won’t be any other variables.
This week’s key moment is still the Non-Farm Payrolls. The 4-hour chart shows support at the 4430 level. After the price pulls back, you should still focus on the long side. And don’t think the market is weak—every time the market strengthens, it does so when conditions are weak.
Go long near 4467, target 4550.