Will gold price break through $4,800? For PEPPERSTONE:XAUUSD by FR_GoldGuide — TradingView

Monday’s trading saw two notable highs at $4,638 and $4,665.

On Tuesday, a precise sell position was opened at $4,658, resulting in three profitable trades with a net profit of 620 pips.

Last night, after the opening of today’s Asian trading session, gold prices rebounded strongly in a V-shape from around $4,607, breaking through the $4,700 mark and closing above.

Market news was mixed as the ultimatum between the United States and Iran expired, with safe-haven demand taking over.

If the situation escalates, Iran’s allies may push to close the Bab el-Mandeb Strait.

Until a final decision is released, the market will tend to buy gold as a safe-haven asset.

The market has basically ruled out the possibility of an interest rate cut in 2026.

This means gold will face a battle between safe-haven demand and pressure from high interest rates.

As shown in the chart: The four-hour bear flag pattern has been broken, and the price remains above $4,750, with an upward target of $4,800-4,900.

Trading strategy:

If the price falls to the $4700-4720 area and stabilizes, it is recommended to buy on dips.

Stop loss at $4680.

Target price: $4760-4780.

If the price is directly above $4,770, it is recommended to open a small position with the goal of reaching $4,800.

⚠️Main risks

The outcome of the ultimatum will determine the direction of the gold price: an agreement is reached → the gold price falls to US$4,650; the conflict escalates ← the gold price rises to above US$4,800.

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