Kushner lands in Israel—behind this is Hamas’s rare direct dialogue. If the ceasefire talks can really produce results, then the position $XAU 4400 is a bit awkward; the risk premium on safe havens will be siphoned off by a chunk.
In the short term, if gold truly can’t hold up, the first support is at 4350 below; if that breaks, then 4300 is the next major integer level. This piece of news will ferment quickly—don’t wait for confirmation before chasing shorts.
Around $CL 81.4, things were already being held back. Geopolitical cooling directly suppresses the risk premium in crude oil. But then again, Iran hasn’t made a statement yet—don’t rush to treat this as a bearish move that’s already “materialized.” If there’s truly broad de-escalation, below $CL you can look to the 80 integer mark. If you chase in now and the negotiations end up breaking down again, you’ll get hit from both sides.
#gold
In the short term, if gold truly can’t hold up, the first support is at 4350 below; if that breaks, then 4300 is the next major integer level. This piece of news will ferment quickly—don’t wait for confirmation before chasing shorts.
Around $CL 81.4, things were already being held back. Geopolitical cooling directly suppresses the risk premium in crude oil. But then again, Iran hasn’t made a statement yet—don’t rush to treat this as a bearish move that’s already “materialized.” If there’s truly broad de-escalation, below $CL you can look to the 80 integer mark. If you chase in now and the negotiations end up breaking down again, you’ll get hit from both sides.
#gold