Today (June 18), gold prices experienced intense volatility, with the market in a fierce battle between "policy bearishness" and "geopolitical optimism."

📉 Today's core developments: sharp decline followed by sharp rise
Gold prices staged a "rollercoaster" ride. In the early hours Beijing time, influenced by hawkish signals from the Federal Reserve hinting at possible rate hikes this year, gold prices plunged to around $4,219 per ounce. But then the story reversed, as Iran and the U.S. signed a temporary peace agreement, easing geopolitical tensions and boosting optimism. Gold prices surged in the Asian session, jumping over $60, and as of the latest report, they have rebounded above $4,308 per ounce.

⚖️ Focus of bullish and bearish battle

· Short-term bearish (Fed turning hawkish): New Chair Powell removed dovish language, and the dot plot shows officials expect rate hikes, strengthening the dollar and putting pressure on non-yielding assets like gold.
· Medium-term support (central bank gold purchases): A survey by the World Gold Council shows 45% of central banks plan to increase gold holdings in the next year, hitting a record high, which is a core logic of the long-term bull market.

📊 Key price levels to watch (spot gold)
From a technical perspective, bulls and bears are fiercely contesting around key levels:

· Short-term resistance: $4,330–$4,350 (a critical zone to see if the rebound can continue).
· Support below: $4,220 (today’s low area), if broken, further pullback is possible.

Overall, short-term gold prices are highly volatile driven by policy and sentiment. After a sharp rally, attention is on whether $4,330 can be effectively broken. If resistance causes a retreat, prices may return to a wide-range consolidation. The medium- to long-term logic (central bank gold buying, de-dollarization) remains unchanged. @黄金实战天下第一飞龙 Awesome! #我的Gate交易时刻 #沃什首秀美联储利率不变 #TradFiCFD黄金大师赛