Morning Gold Outlook on July 1st: Geopolitical risks intensify, and safe-haven premiums dominate short-term market movements.

At the beginning of 2026, the global geopolitical situation suddenly tightens, risk aversion sentiment rapidly heats up, driving funds into the precious metals market. This has become the main catalyst for yesterday's gold price rally, with short-term geopolitical disturbances remaining a key variable influencing gold price fluctuations.

Looking at the market, from the 4-hour chart, gold has broken through the previous resistance band, oscillating higher along the short-term moving averages. The bullish trend continues strongly, with 4550 being a short-term key resistance level; attention should be paid to whether it can be broken.

On the hourly chart, after a period of sideways consolidation at high levels, the price surged again, solidifying a somewhat strong trend. However, technical indicators are dulled, and a technical correction is likely in the short term.

Intraday trading strategy: Focus on buying on dips, with a range of 4470-4475 for long positions, targeting 4500-4520. Be cautious of position risk management.