3.4 Gold Outlook:


The ongoing US-Iran conflict, central bank gold purchases, and the unchanged Federal Reserve rate cut expectations continue to support gold in the medium to long term. Yesterday's sharp decline was a technical correction in a bull market and does not indicate a bearish reversal.
The 4-hour chart has stabilized at a key support level. Short-term focus:
Support below: 5100–5110, critical defense at 5030
Resistance above: 5230
Intraday strategy: Pull back to 5100–5120 and buy in batches, stop loss at 5093, target above 5200, and hold if broken.
Market volatility is high, so strict risk management is essential.
For friends experiencing trading difficulties, welcome to exchange ideas to avoid detours.
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