Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
According to reports received from Iran on the 15th of this month, although the United States has requested a two-week extension of the ceasefire, Iran has not yet agreed to this request. Iran insists that the United States should fulfill its obligations under the current ceasefire agreement, rather than ask for an extension, and should not make too many demands in the negotiations.
A source familiar with Tehran’s position said Iran may consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without risking an attack if a deal is reached to avoid a renewed conflict. Notably, this concept has been incorporated into its negotiating proposals.
**Gold: Short Term Analysis**
Yesterday’s trading was dominated by fluctuations; after the price rose sharply and reached a peak of 4870, it fell rapidly and then continued to fluctuate within the price range of 4786-4826. The range of fluctuations is limited, and although the general trend is biased towards a corrective decline, the basic rhythm of the market is still biased towards the upward trend (buyers).
This month, the gold market has accumulated a large amount of short-term profit-taking positions, and technical indicators are beginning to indicate that the market has reached “buy saturation”. Gold prices are likely to enter a high “consolidation” stage today, and the market is expected to struggle strongly within the range of $4,800-4,850. If today’s price remains stable above the 4800 mark, then when the price drops, you can still look for opportunities to build long positions. It is currently recommended to avoid short speculation in the middle of the price range, while maintaining an upward bias in daily trading. You should only consider opening a short position when the price is approaching a major resistance level.
The price action over the first three days of the week was strikingly similar; each day saw a sharp rise followed by a corrective decline. Although daily price highs are trending higher, the market only offers a few ideal entry points for long positions. For now, the strategic focus should be on taking advantage of the above-mentioned upside opportunities by executing a “round trip trade” – buying the dips and selling the dips.
**Gold: Day Trading Strategies**
1. **Selling:** You can consider trying to open a position with limited trading volume (light allocation) above the 4860 level, with a target profit range of 30 to 50 points or above. (Please be careful when opening short positions, and keep them small.)
2. **Multiple positions:** It is recommended to try to build long positions in batches at the 4780 and 4740 levels, with a target profit of 50 points or more.
