The market opened with a sharp drop of 200 points! After fluctuations and adjustments, where will gold ultimately head?

#黄金 Today's opening at 4982, surged to 5032 before pulling back, with a minimum touching the 4790 line. Recently, daily fluctuations in gold prices of 200-300 USD have become the norm, and the core of operations lies in strict risk control and steady responses. $XAU

The US-Iran negotiations remain a key factor affecting the rise and fall of gold prices. In a volatile market, stability is king. From a technical perspective, gold as a whole maintains a trend of oscillation and upward movement, with a high probability of continuing to adjust before choosing a direction during the day.

The 4-hour level trend shows: short-term resistance to watch above at 5020-5030, and support below is first seen at 4785-4790, with key support in the 4700-4713 range. The operation continues to focus on going long on pullbacks that do not break, avoiding counter-trend bottom fishing and holding positions.

Specific operation suggestions:

Go long at the gold price of 4810-4817, add long positions on pullbacks to 4790-4796, set a stop loss at 4775, and initially target 4950, with a breakout continuing to look towards around 5090.

The market changes rapidly; following the trend is the true way. Trading should never be done impulsively, as holding positions will only widen floating losses, ultimately causing missed opportunities. Specific intraday strategies will be updated in real-time, please stay tuned.