The moment Trump opens his mouth and starts talking back and forth, Iran on the other side begins bargaining. Will the Strait of Hormuz reopen—with conditions? We’ve seen this kind of performance too many times. In any case, it’s always thunder and rain but no real action.
$CL climbed above 83 today and has jumped nearly 6% within 24 hours. The oil price’s reaction is actually pretty honest. No matter what the market says, where the money flows is where it goes. $XAU 4384 has held steady too, while risk-aversion sentiment hasn’t quieted down.
My view is simple: Trump wants compensation, Iran sets terms—both sides are looking for a step to make it easier for themselves to save face. But as long as the issue of the strait isn’t fully settled, $CL still has the momentum to move higher. Don’t guess the negotiation outcome—just watch the charts. If it really turns into fighting, these prices are still cheap; if it doesn’t, then it’ll be high-level range trading.
Anyway, with this kind of geopolitical news, the first wave of reaction is always the strongest—after that, it’s all back-and-forth.
#gold
$CL climbed above 83 today and has jumped nearly 6% within 24 hours. The oil price’s reaction is actually pretty honest. No matter what the market says, where the money flows is where it goes. $XAU 4384 has held steady too, while risk-aversion sentiment hasn’t quieted down.
My view is simple: Trump wants compensation, Iran sets terms—both sides are looking for a step to make it easier for themselves to save face. But as long as the issue of the strait isn’t fully settled, $CL still has the momentum to move higher. Don’t guess the negotiation outcome—just watch the charts. If it really turns into fighting, these prices are still cheap; if it doesn’t, then it’ll be high-level range trading.
Anyway, with this kind of geopolitical news, the first wave of reaction is always the strongest—after that, it’s all back-and-forth.
#gold