As the US-Iran negotiation memorandum is about to be signed, gold prices are experiencing an upward trend. Combining fundamental and technical analysis, here is the logical reasoning for the subsequent trend forecast. The US-Iran phase consensus has been reached, forming a short-term bullish signal for gold, and the market opened higher as expected.



From a technical structure perspective, if there is a pullback tonight, the core support zone is between 4123-4134. The market currently has an unfilled gap that has not been closed, indicating a technical need for a pullback to fill the gap tonight; at the same time, we should also consider the possibility of continued bullish strength, skipping the gap fill and directly pushing higher with strong resistance.

The market may first test higher levels to digest liquidity, then show clear signs of a pullback. It is recommended to remain patient.

It is advised to consider short positions in the rebound zone of 4321-4340, with a target of 4300 and 4270. Use light positions for trading, with stop-losses set at #预测世界杯西班牙VS佛得角 .
GLDX0.74%
XAU2.35%
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