I. Fundamental Analysis: Regional Strikes Target Energy Hubs as US-Iran Diplomacy Drags

According to Xinhua News Agency, Houthi forces launched drone and ballistic missile strikes targeting the Dhabah oil terminal and Riyan International Airport in Yemen's Hadramout province.

The airport had also been struck by four missiles several hours earlier, with no casualties reported from the latest barrage.

Meanwhile, Arab News reported that Iran's Foreign Minister stated indirect US-Iran negotiations facilitated by intermediaries including Pakistan and Qatar remain ongoing.

The proposal submitted by Tehran includes a full reopening of the Strait of Hormuz on the sixth day, though negotiations remain subject to preliminary conditions.

II. 1-Hour Structure and Positioning: Capped Beneath Moving Averages, Testing 4,110 Support



As of 09:07, spot gold traded at $4,115.91 per ounce, down $24.74 or 0.60% from the previous close.

The session opened at $4,136.95, recording an intraday high of $4,146.11 against a low of $4,110.80.

Across the moving average matrix, current prices sit beneath MA1 ($4,125.27), MA20 ($4,127.42), and MA30 ($4,126.13), with RSI(14) registering at 44.41.

With price trading close to session lows, initial focus rests on observing market reactions around $4,110.80 rather than chasing shorts impulsively at the lows.

Whether a technical pullback can reclaim the moving average band serves as the primary test for judging bearish continuation versus a short-term recovery.

III. Current Trading Execution Plan

Strategy Direction: Near-term structure is weak; await pullback confirmation before evaluating trend-following short opportunities
Focus Zone: Moving average band between $4,125.27 and $4,127.42
Trigger Conditions: Price pulls back into the moving average cluster, a 1-hour candle closes back beneath $4,125.27, and forms a distinct downward continuation structure
Target Levels: Initial target at the session low of $4,110.80; if a 1-hour candle closes below it with failed retests, update the plan based on the newly formed structure
Invalidation Condition: A 1-hour candle closes above $4,127.42 and holds support on a subsequent retest
Stop-Loss Reference: Anchored to the swing high of the confirmed rejection structure upon entry

[Alternative Scenario]
If a 1-hour candle reclaims $4,127.42 and stabilizes on a retest, cancel bearish observation and shift focus toward the intraday high of $4,146.11.

IV. Risk Warning

Unclosed 1-hour candles serve only as conditional observations; execute plans strictly after confirmed chart patterns materialize.

(Compiled and Edited by Lucky Gold Global Limited)