Song Xiqing: Does a U.S.-Iran negotiation stimulus send gold to the sky? Our only move is: if it rebounds, just pick it up—*bang*!

After the U.S.-Iran talks in Switzerland just saw a little progress, gold shot straight up to 4200, and now it’s running around 4220.

In the short term, keep an eye on the resistance zone at 4240–4250. If it can surge through 4250 in one breath, the next stop is 4280–4300.

On the flip side, if price reaches 4240–4250 and can’t push higher, you can consider trying a small position to *buy the dip*. For those with bigger nerve, you can act early at 4220–4230.

This sudden surge is clearly driven by news. Once the market digests this gust of momentum, gold’s bigger direction is still biased downward.

So our thinking remains unchanged—rebound is an opportunity; find the highs and keep picking it up.
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