I. News Events



A fresh wave of cross-border clashes erupted between Saudi Arabia and Yemeni Houthi forces on Thursday. Saudi Civil Defense confirmed that falling debris from an intercepted drone in the city of Taif resulted in the death of a Yemeni resident—marking the first officially confirmed civilian casualty by Saudi authorities since the recent escalation, with prior reports documenting over 80 injuries.

Concurrently, the Islamic Revolutionary Guard Corps Navy confirmed that a Togo-flagged commercial energy tanker was struck, caught fire, and halted transit in the Strait of Hormuz. Bulletins from the International Organization for Migration (IOM) revealed that hostilities have displaced over 100,000 Yemeni civilians, with large numbers of refugees fleeing the Red Sea coastal areas by boat.

In a media interview, US President Donald Trump stated he faces a momentous decision regarding whether to authorize renewed large-scale military strikes against Iran. Although direct bilateral contact between Washington and Tehran has been suspended since June, the US Department of State confirmed that an Iranian delegation has been granted permission to attend next week's United Nations General Assembly, where Middle East hostilities are expected to feature prominently on multilateral agendas.

II. 30-Minute Chart Technical Analysis



As of roughly 13:43 Beijing time, spot gold traded at $4,374.14/oz, advancing 0.75% ($32.64) intraday.

Examining the moving average framework, gold mounted a steady rebound from the morning low of $4,334.39, reflecting noticeable structural repair across short-cycle moving averages. The MA1 ($4,364.59), MA20 ($4,357.20), and MA30 ($4,351.74) form a clean bullish alignment underneath, with the MA20 and MA30 steadily diverging upward to construct a dependable dynamic intraday support band. Price action currently tracks closely above the bullish moving averages, consolidating firmly near the session peak of $4,374.26 while attempting a sustained breakout above $4,380.

III. 30-Minute Technical Indicators



On the 30-minute technical dashboard, the overall composite evaluation maintains a 'Strong Buy' rating (9 Bullish, 0 Neutral, 0 Bearish signals). Bullish momentum commands a distinct advantage, though select oscillators have entered extreme upper thresholds:

Core Oscillators Signal Solid Bullish Posture: The Relative Strength Index RSI(14) prints at 62.87, advancing steadily within bullish-expansion territory; the Stochastic Oscillator STOCH(9,6) registers at 67.31, maintaining a buy signal; the Commodity Channel Index CCI(14) records 162.85, reflecting firm buyer dominance.

Trend Momentum Indicators Expand Strongly: The medium-term momentum gauge MACD(12,26) stands at 6.57, crossing above the zero line and steadily dispensing buy signals; the trend strength gauge ADX(14) reads 21.47 with a buy indication, demonstrating that short-term upward momentum is gathering coherence; the Rate of Change ROC registers at 0.651, and the Bull/Bear Power(13) reaches 17.10, indicating persistent buying vitality.

Sensitive Gauges Signal Extreme Overbought Conditions: The fast Stochastic RSI StochRSI(14) prints at 100.00, touching maximum upper bounds; the Williams %R registers at -0.96, resting deep within overbought extremes, suggesting that while upward velocity is robust, traders should remain alert to potential technical pullbacks and shakeout pressures.

IV. Conclusion

Overall, despite ongoing cross-border escalation between Saudi Arabia and Yemeni Houthi forces and renewed tanker incidents in critical energy transit corridors—which keep benchmark energy prices elevated and reinforce sticky inflation concerns—the market has achieved intermediate digestion of monetary tightening headwinds following the Federal Reserve's 25 bps rate hike and updated dot plot projections on Wednesday.