š On Tuesday, the U.S. Senate voted 53 to 47 to reject the third war powers resolution this month aimed at restricting President Trumpās military actions against Iran. The resolution was spearheaded by Democratic Senator Chris Murphy of Connecticut. The vote largely split along party lines, with only Republican Senator Rand Paul of Kentucky voting in favor, and Democratic Senator John Fetterman of Pennsylvania voting against.
šÆ The 53-47 vote saw nearly all Republicans oppose and nearly all Democrats support, with only two cross-party exceptions. This outcome mirrors the results of two similar resolutions previously introduced by Senators Booker and Kane, indicating that Democratic efforts to limit the presidentās military authority through war powers resolutions are unlikely to succeed under the current Senate composition. Like the prior two proposals, this bill failed to secure sufficient bipartisan support and was ultimately defeated.
Trumpās Latest Remarks and the 15-Point Plan
šÆ Ahead of the vote, Trump stated that negotiations aimed at reaching an agreement with Iran are underway, and that āthey are very eager to reach a deal.ā He emphasized that the U.S. is talking to the āright peopleā in Iran and has submitted a 15-point plan to end the war through intermediaries.
š The 15-point plan reportedly includes core demands such as the dismantling of Iranās nuclear facilities, the cessation of support for regional proxy militias, restrictions on its missile program, and the reopening of the Strait of Hormuz. In exchange, the U.S. has offered concessions including the full lifting of sanctions, support for Iranās civilian nuclear program, and has proposed an initial one-month ceasefire.
š„ Analysis of Impact on the Gold Market
š When the U.S. domestic checks and balances mechanism fails, the executive branchās foreign policy decisions become the core risk variableāand this uncertainty itself is a supporting factor for gold. During Wednesdayās Asian trading session, spot gold trended higher in volatile trading, currently trading around $4,570 per ounce.
šŖ The Senateās rejection of the war powers resolution for the third consecutive time means that Trump retains significant autonomy over military actions against Iran in the short term. However, congressional Democrats will continue to apply pressure and may seek to restrict funding through budget or other legislative measures in the future.
š If U.S.-Iran negotiations, mediated by third parties, achieve a breakthrough around Thursday, military actions may gradually de-escalate. Conversely, if talks collapse or Iran maintains a hardline stance, the U.S. may continue its military buildup, further escalating regional tensions and market volatility. Investors should monitor subsequent diplomatic developments, oil price trends, and the next moves by Congress.
š The U.S. Senate rejected the third war powers resolution this month restricting Trumpās military actions against Iran by a vote of 53 to 47, with partisan divisions persisting and only Rand Paul crossing party lines to support. Concurrently, Trump announced progress in U.S.-Iran negotiations and the submission of a 15-point ceasefire proposal.
ā Overall, congressional efforts to reclaim military authorization through war powers resolutions have been blocked, and Trump retains operational control in the short term. However, diplomatic negotiations and domestic political pressure in the U.S. coexist, leaving the trajectory of the Middle East situation highly uncertain.
š„ Current XAU/USD Trend
ā Short-term support: $4,400 ā $4,450
š Resistance Levels
ā Short-term resistance: $4,500 ā $4,550
š Long Position Trading Strategy
š¢ Entry range: $4,400 ā $4,450
š¢ Short-term take-profit: $4,500 ā $4,550
ā Risk Warning
š„ Strictly follow stop-loss rules. Do not hold losing positions, do not overtrade, and limit single-trade risk within your total capital.