I. News Events: Strikes on Airports and Oil Ports Continue as US-Iran Diplomacy Weighs Conditions



On October 22, London gold traded at $4,085.63 per ounce, down $55.02 or 1.33% intraday.

Regional strike developments and US-Iran diplomatic contacts unfolded simultaneously, while gold remained under sustained short-term selling pressure.

According to Xinhua News Agency on October 22, Yemeni security officials reported that Houthi forces launched drone and ballistic missile attacks against the Dhabah oil terminal and Riyan International Airport in Mukalla, Hadramout province.

Riyan Airport had been struck by four ballistic missiles several hours earlier, triggering explosions and heavy smoke.

Additionally, Xinhua reported on October 21 that Houthis claimed strikes on the Badr military base near Aden Airport; local security officials confirmed missile impacts near the airport, though exact targets and damage extents remain unverified.

On the diplomatic front, Arab News Pakistan reported on October 21 that Iranian Foreign Minister Abbas Araghchi stated indirect negotiations between the US and Iran via intermediaries including Pakistan and Qatar remain active.

Tehran indicated that Washington accepted its seven-day framework but requested supplementary clauses; the initiative includes a comprehensive reopening of the Strait of Hormuz.

Going forward, markets are tracking whether regional strikes broaden and whether diplomatic engagements materialize into tangible maritime transit agreements.

II. 30-Minute Chart: Bearish Marubozu Candles Drive Breakdown, Capped Below Averages



London gold opened at $4,136.95 today, recording a session high of $4,146.11 against a low of $4,085.16, with current quotes hovering near session lows.

The 30-minute timeframe initially consolidated before drifting lower, followed by a series of elongated bearish candles driving an impulsive breakdown.

While candle bodies narrowed toward the tail end with sporadic minor bounces, lower highs and lower lows continue to define the directional structure.

Across the moving average matrix, MA1 stands at $4,089.74, MA20 at $4,101.57, and MA30 at $4,115.19.

Price remains entirely suppressed beneath all three downward-sloping averages, confirming that short-term liquidation pressure retains firm control.

During technical rebounds, observe whether price can first reclaim MA1, followed by chart repair tests near MA20; the session floor at $4,085.16 serves as the primary downside reference for ongoing breakdowns.

III. 30-Minute Technical Indicators: Strong Sell Rating with Pervasive Oversold Signals



Technical indicators reflect an overall composite rating of 'Strong Sell,' with 12 tracked metrics registering as follows:

RSI(14) prints at 28.914, dropping beneath 30 into oversold territory.

STOCH(9,6) registers 6.599, below 20 in the oversold zone.

STOCHRSI(14) stands at 1.947, below 20 in deep oversold conditions.

MACD(12,26) reads -10.524 in negative territory, classified as Sell.

ADX(14) prints 29.920, holding above the 25 threshold to confirm strong trend velocity.

Williams %R registers -98.094, depressed below -80 in deep oversold territory.

CCI(14) prints -109.1444, beneath -100 in the weak zone.

ATR(14) records 8.7953, categorized by the platform as reflecting 'less volatility.'

Highs/Lows(14) registers -22.2000 in negative territory, classified as Sell.

Ultimate Oscillator prints 37.369, lingering below 50 with subdued momentum.

Rate of Change (ROC) registers -1.091 in negative territory, reflecting continued downward momentum.

Bull/Bear Power(13) prints -32.1347 in negative territory, classified as Sell.

Sub-zero momentum readings align with the downward-sloping moving average structure, while elevated ADX values confirm persistent trend intensity.

With several oscillators locked in oversold territory, low-level oscillations and potential technical mean-reversion warrant close monitoring, though the durability of any bounce relies on reclaiming moving averages.

IV. Summary and Market Outlook

Strikes on airports and petroleum facilities alongside indirect diplomatic talks form the backdrop for bullion, with focus centering on conflict boundaries and maritime transit developments in the Strait of Hormuz.

Technically, a breach below $4,085.16 with price sustained beneath MA1 will extend the downward trajectory; conversely, a 30-minute close reclaiming MA1 and progressing through MA20 would reinforce near-term recovery prospects.

Precious metals trading involves risk of principal loss.

(Compiled and Edited by Lucky Gold Global Limited)