Gold opened at the 4247 level today, extending yesterday's rebound and reaching the 4300 mark so far. On the upside, we are watching for a breakout past 4302.6, with a focus on the resistance zone at 4330–4340; do not blindly chase the rally—wait for the news-driven momentum to subside, as a technical correction is likely to follow. On the downside, we are monitoring short-term support at 4220–4225 and key support at 4180–4185.

Looking at the current 4-hour chart, although market expectations of a US-Iran reconciliation and the reopening of the strait have driven prices up, overhead resistance remains strong. We are focusing on the 4330–4340 resistance zone, while watching the 4220–4225 range for short-term support and the 4180–4185 range for key support. For this news-driven market, our strategy is to go long on pullbacks; we will patiently wait for a retracement before entering the market.

Gold Trading Strategy:

1. Go long at 4220–4225; add to long positions on a pullback to 4180–4185; stop-loss at 4163; target 4310–4316; if the level breaks, look toward 4330–4340.