#Gold rebounds in Thursday’s Asian session amid rising risk aversion ahead of USIran nuclear talks. The #US Dollar weakens on trade uncertainty and #Nvidia driven optimism.A sustained move above 5,200 is needed to confirm bullish continuation, with RSI still supportive.
#xauusd
Technical Analysis: For investors, short-term operations require strict adherence to signals and rigorous position management. Geopolitical uncertainties dictate that gold prices are more likely to rise than fall. Treat $5,100 as a strong short-term support level; consider light-position Buy orders upon pullbacks to this range. Monitor the breakout potential of the $5,250 resistance level, avoiding chasing prices higher. Closely monitor the progress of U.S.-Iran negotiations on the 26th. Should talks collapse and trigger escalating geopolitical tensions, gold prices could challenge historical highs again. Conversely, a preliminary agreement may prompt short-term profit-taking corrections. Amid multiple converging factors, short-term volatility in the gold market is intensifying. However, the long-term bullish logic remains intact. Investors should focus on swing trading while balancing risk-hedging allocations with short-term transactions. Intraday trading should continue prioritizing buy orders!
#XAUUSD #GOLD #FED
#Trump's First State of the Union Address Today AT 9 PM ET (2 AM GMT)
Trump might announce something very strong to the citizens of #USA
As per the sources, it could be related to Iran, and the USA might initiate a strike
ALL EYES ON TRUMP TODAY
#USEconomy#USPolitics