Recent geopolitical tensions remain high, particularly in the Middle East where conflicts between Israel and Iran continue to generate new developments. Earlier this week, Iran was hit by an Israeli airstrike, a piece of news that instantly triggered a sharp rally in gold prices, pushing the metal to an intraday high of $3,450 per ounce. However, subsequent news of peace talks eased market risk aversion, causing gold to retreat rapidly. By June 18th, the price had dropped to $3,380 per ounce, with a daily volatility exceeding 2.7%.
Generally, geopolitical conflicts influence gold prices for 3 to 15 days, and when tensions ease, 50% to 70% of the conflict-driven rally tends to retrace. For example, during the Russia-Ukraine ceasefire talks in October 2024, gold prices fell from $2,789 to $2,650 per ounce, a 5% retracement. Although the geopolitical situation has not further deteriorated, as long as tensions persist, gold remains susceptible to sudden price swings triggered by breaking news.
In the 4-hour chart, the Bollinger Bands are narrowing, while the MACD indicator continues to operate below the zero axis in a bearish crossover, with green bars expanding—indicating a clear short-term bearish trend. Notably, the RSI indicator is currently in the oversold zone, suggesting potential for a price rebound. In terms of support and resistance levels, the lower support can be referenced at $3,340 per ounce, while the upper resistance focuses on $3,380 per ounce. A break above $3,380 may trigger a rebound, whereas a drop below $3,340 could lead to further declines.
Today's gold trading strategy, I hope it will be helpful to you
XAUUSD sell@3370~3380
SL:3390
TP：3360~3350
Generally, geopolitical conflicts influence gold prices for 3 to 15 days, and when tensions ease, 50% to 70% of the conflict-driven rally tends to retrace. For example, during the Russia-Ukraine ceasefire talks in October 2024, gold prices fell from $2,789 to $2,650 per ounce, a 5% retracement. Although the geopolitical situation has not further deteriorated, as long as tensions persist, gold remains susceptible to sudden price swings triggered by breaking news.
In the 4-hour chart, the Bollinger Bands are narrowing, while the MACD indicator continues to operate below the zero axis in a bearish crossover, with green bars expanding—indicating a clear short-term bearish trend. Notably, the RSI indicator is currently in the oversold zone, suggesting potential for a price rebound. In terms of support and resistance levels, the lower support can be referenced at $3,340 per ounce, while the upper resistance focuses on $3,380 per ounce. A break above $3,380 may trigger a rebound, whereas a drop below $3,340 could lead to further declines.
Today's gold trading strategy, I hope it will be helpful to you
XAUUSD sell@3370~3380
SL:3390
TP：3360~3350
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：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free signal channel ：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Let me guide you to start a profitable journey! 🚀
：t.me/+TV_kswto0jw3NWU0
The accuracy rate is as high as 82 percent. ✅
：t.me/+TV_kswto0jw3NWU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.