Prices have entered a large-scale consolidation phase. However, in the medium term, as long as the price holds above $4,203, it is assessed as a pause for further upside. For today, a short-term rebound may occur after prices reach oversold conditions, with daily resistance at $4,490–$4,472, while support levels lie at $4,395 and $4,325.

Investment strategy: Take profit on long positions if prices fail to pass $4,472–$4,452; if passed above $4,472, delay selling until the next resistance level.

Wait for a price dip to open long positions if the price pullback holds above $4,395 (Stop loss if price breaks below $4,325).

Key Factors

Gold prices remained above support this morning despite mounting pressure from the U.S.–Iran conflict. While Fed Chair Kevin Warsh's hawkish stance continues to weigh on the market, downside potential for gold remains limited.

Repurchasing demand helped cushion prices, allowing gold to hold above the $4,395 support level for several hours. Investors are advised to closely monitor developments, particularly surging crude oil prices and ongoing military conflicts in the Middle East.