Song Xiqing: U.S.-Iran Conflict Triggers Gold Price Rollercoaster—How to Bet Around 4,120? Going Long at Lows and Short at Highs Requires Strategy

Affected by the U.S.-Iran conflict, gold prices have come under renewed downward pressure, breaking below the 4,100 mark but finding support near 4,190. The overall trend is largely in line with my previous assessment.

The rebound in gold prices after testing 4,190 indicates that the impact of geopolitical factors has not created sustained pressure. This pullback is not yet enough to constitute a trend reversal, and gold is still operating within an upward channel.

In the short term, the first resistance level to watch is 4,140–4,150. If that breaks, look toward 4,180–4,200. Support below lies at 4,080–4,090, and if that fails, the next level is 4,040–4,050. The U.S.-Iran situation hasn't settled yet, and the market could be rattled again at any time.

In terms of operations, prioritize going long at lows, supplemented by shorting at highs. Currently consolidating around 4,120, you can take a light short position on a rebound to 4,130–4,140, and go long after a pullback to 4,080–4,090 once it stabilizes.

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