Gold prices continue to fluctuate, showing a slight upward trend.

We will continue our usual strategy on Friday: as long as gold remains above the $5,100-$5,120 range, we will continue to buy dips.

Today, our channel maintained a 100% success rate and continued our strategy of operating in the $5100-5185 range.

Gold prices are expected to still fluctuate slightly upward. Waiting for prices to fall before buying is the most stable trading strategy this week.

The much-anticipated third round of indirect negotiations between the United States and Iran was held in Geneva, but the two sides did not reach a clear agreement. The market is still absorbing its impact. The current situation can be summarized as “diplomatic measures coexist with military confrontation.”

My conclusion is that regardless of the outcome of the negotiations, the fundamental contradictions and mutual distrust between the United States and Iran are unlikely to be resolved in the short term. Long-term geopolitical uncertainty, coupled with global trade tensions and its impact on the U.S. dollar credit system, provides strong support for the value of gold in the long term.

Major short-term resistance: $5200-5250 area.

Short-term key support level: $5120-5130 area.

Current Price Trend: Gold prices are fluctuating around $5,190, indicating that the market is awaiting the final outcome of the U.S.-Iran negotiations.

trading strategy

Basic idea: Use $5,190 as a short-term pivot point and trade on news-driven breakouts.

1: The price is still above $5,180, and there are no major negative factors in the US-Iran negotiations (slight bullish consolidation).

Strategy: Maintain the bullish outlook while avoiding chasing prices higher.

Operation: It is recommended to buy slightly in the range of 5180-5195 US dollars and set a stop loss order below 5140 US dollars. The first target price is the previous high of $5,250; if it falls below this level, it is recommended to hold the position.

2: Price bounces back to the lower support area ($5140-5150).

Strategy: Recommend viewing this as a potential buying opportunity.

Trading strategy: If gold prices fall to the support zone ($5140-5150) and start to show signs of stabilization, it is recommended to open a small buying position.

Stop loss orders should be placed below $5,100. The price targets are $5,190 and $5,250.

Regardless of the outcome of the negotiations, given that gold prices are currently at record levels, the news is likely to trigger significant profit-taking, leading to significant price fluctuations.