April 13: Real-time analysis of gold prices

As of this writing: Gold price is $4,732 per ounce.

During today’s Asian session, gold prices showed a clear “V”-shaped trend. Affected by the breakdown of US-Iran negotiations, gold prices opened lower, then briefly fell to around US$4,638/ounce, and then rose to US$4,737/ounce, with intraday fluctuations of nearly 100 points.

This move is a clear sign that selling pressure from geopolitical negativity has subsided and there is strong buying support at lower levels.

The next focus: The two sides plan to resume negotiations on April 15, but fundamental structural differences still exist, and it is unlikely to reach an agreement in the short term.

Resistance level: 4750-4760, 4800-4900

Support level: 4680-4700

Strong support level: 4640-4600

Day trading strategies:

Geopolitical pressure has partially subsided, but strong technical resistance remains above $4,750. Short-term trading is likely to range between $4,680 and $4,760.

Buy the dip (primary strategy)

Entry Point: If prices stabilize, buy on dips in the $4700-$4715 range.

Stop Loss: Close the trade if the price falls below $4680.

Target: $4750-4760, breaking through $4800.

Logic: Today’s low of $4,638 confirms strong support. Any pullback that does not break the $4,700 mark is a strong bullish sign.

Risk management key points:

US lockdown goes into effect today: This is the most serious event of the day; avoid taking very large positions until then.

Follow-up negotiations on April 15: The progress of the negotiations will significantly affect short-term market trends.

Summary:

Last week we continued our precise trading rhythm with a total profit of 890 pips, or $8,900 per contract. Follow me for deal summaries.

The U.S. naval blockade of Iran officially takes effect today. Will this lead to risk aversion, or will uncertainty fade away? I pay close attention to every signal before the market opens.

Our news team will provide the latest political updates as soon as possible.

The market is constantly changing, but you can choose to have someone else closely monitor market developments on your behalf.

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