Gold is under pressure! What is the key to breaking the deadlock

📌 Core driving events

The conflict between Iran and Israel has entered the fifth day. Air raid alerts in Tel Aviv are frequent. The fire on a cruise ship in the Strait of Hormuz has exacerbated the panic of energy transportation. Safe-haven buying supports gold prices;

Trump's contradictory statement of "peace talks + tough" (may send executives to meet but demand "unconditional surrender") has exacerbated the market's disagreement on the direction of the conflict, and risk aversion has fluctuated repeatedly.

The Federal Reserve will announce its interest rate decision today. The market expects it to remain unchanged at 4.25%-4.50%, but Powell's statement on rate cuts will affect the trend of the US dollar (Trump continues to pressure for a 1 percentage point rate cut).

📊Comment Analysis

1-hour chart: 3396 becomes the intraday strength and weakness watershed

The Asian morning session hit a high of 3396 US dollars and fell back. This point is the previous high pressure point. If the intraday rebound does not break through this position, the bearish thinking will be maintained;

💰Strategy Package

Set gold price:

🔥Sell gold area: 3390-33396 SL 3402
TP1: 3380 US dollars
TP2: 3375 US dollars

🔥Buy gold area: $3374-$3368 SL $3362
TP1: 3390 US dollars
TP2: 3400 US dollars

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds