My recommendations:
BUY: 4250–4260, SL: 4230, TP: 4320–4350;
SELL: 4370–4380, SL: 4400, TP: 4320–4280;
Over the weekend, a US-Iran agreement was reached, the Strait of Hormuz was opened, and the blockade was lifted. During today’s Asian trading session, gold opened $50 higher than last week’s close and continued to rise; the agreement has provided a significant boost to the price. Over the last three trading sessions, gold’s lows have steadily risen—moving from 4022 to 4051, 4169, 4200, and finally to today’s 4280. This suggests the downtrend has likely ended, offering hope for stabilization and the resumption of an upward cycle; a bullish outlook remains appropriate for today.
The short-term structure clearly indicates strengthening bullish momentum. Prices are currently consolidating near the 4350 level, with short-term moving averages turning upward to provide support. Immediate resistance lies at 4350–4370, while key support is found at 4260–4243. The core strategy is to trade with the trend—maintaining a bullish stance and buying on dips near support levels.