4.7 Gold Morning Market Analysis



The market is influenced by ongoing geopolitical tensions between Trump and Iran, as well as the Fed's delayed interest rate cut expectations. Safe-haven buying continues to flow in, pushing gold prices briefly up to the high of 4703. After encountering resistance at this level, prices pulled back, currently at 4627.

The bullish momentum still has support, with the market oscillating along the lower boundary of the upward channel. Each dip to the key support zone of 4600-4650 has seen stabilization and rebounds. In the short term, it is clearly entering a low-buying phase, and dips are good opportunities to go long!

Trading Suggestions

Gold: Consider staggered long positions in the 4600-4620 range, targeting 4660. If broken, hold for further gains toward 4700.
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