The first objective has already reached $XAUUSD ‌

July 27: Will gold jump and rebound as Iran-U.S. returns to the negotiating table—gold opens with a gap up, is it about to take off?

Last Friday, gold saw a dip-and-rebound, being capped around 4,080 before pulling back. It finally closed near 4,053 in the late session. On the daily chart, a bottom-level doji (cross-shaped) candlestick formed. Today, the gold price opened with an upside jump gap. Bulls took the lead first, and the price is now around $4,085.

Over the weekend, Iran-U.S. tensions did not escalate further for the moment, and the Iranian side said it had not withdrawn from the talks. The U.S. also did not continue launching attacks over the weekend.

Technically, on the four-hour level, gold’s gap-up open placed it directly above the four-hour Bollinger Band middle rail, but it has not yet stabilized. The MACD short (bearish) histogram energy is shrinking, and the KDJ three lines are running upward. On the short-term hourly chart level, after gold rose to $4,096, it pulled back slightly; however, the main and secondary indicators in the short term still point to a bullish advantage.

Overall, in the short term, bulls are stronger than bears. For intraday trading, my personal suggestion is to focus on buying on pullbacks.

Trade ideas:
Aggressive traders can consider positioning near 4,075, keeping a small buffer/stop. First, watch whether resistance at 4,100 can break. If it breaks, continue holding with upside toward 4,130; if not, exit decisively.

Conservative traders can patiently wait for gold to pull back to key support around 4,050 before entering for a long. Stop loss is below 4,040, with targets around 4,100!

The analysis above is for reference only and does not constitute any investment advice. Financial markets are volatile, and investing involves risk—enter the market with caution. $XAUUSD ‌