Iran releases easing signals, gold is still bullish

📣Golden News

1. Iran sends a signal of easing. U.S. media reported that under the pressure of Israeli air strikes, Iran has used Arab intermediaries to send a peace signal to the United States and Israel - asking the United States not to carry out air strikes as a prerequisite for restarting nuclear negotiations, and emphasizing to Israel that controlling violence is in the common interest.


2. Israel's firm stance. Israeli warplanes fly freely over the Iranian capital, and Iran's counterattack is ineffective. Israel is still focused on dismantling Iran's nuclear facilities and weakening its theocratic regime, and there is no motivation to cease fire in the short term.

3. Gold's reaction and strategy. Iran's peace proposal caused the price of gold to plummet to as low as $3,382. However, since the situation in the Middle East has not eased significantly, it is recommended to buy on dips and pay attention to the support level of $3,400. ⭐️Set gold price:

🔥Sell gold area: 3465-3475 SL 3485
TP1: 3450 USD
TP2: 3440 USD
TP3: 3430 USD

🔥Buy gold area: 3390-3388 USD SL 3383 USD
TP1: 3400 USD
TP2: 3410 USD
TP3: 3422 USD