Israel and Iran have a truce. Gold fluctuates sharply.

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Information summary:

Trump said on Truth Social that Israel and Iran have fully agreed and there will be a complete and thorough ceasefire. (About 6 hours from now, when Israel and Iran have finished and completed the last mission they are doing!).

After 12 hours, the war will be considered over. Iran will start a ceasefire first, and after the 12th hour, Israel will start a ceasefire, and 24 hours later, the world will salute the official end of this 12-day war.

Senior Iranian officials have confirmed that Tehran has agreed to a US-proposed ceasefire with Israel brokered by Qatar.

Market analysis:

From the current point of view of gold, the news market has been digested in the early Asian market, and gold has also fallen to around 3330. Now it is obvious that there may be a bottoming rebound.

But from the trend point of view, gold is still in the short position, and 3380 and 3400 have not been stabilized.

Judging from the current hourly chart, gold is likely to rebound to 3370-3380. Then it will quickly fall from this position to the early trading low of 3330. At the same time, we can also see that the trend near 3378 is at the Fibonacci 0.382 position. Moreover, the previous trend also rebounded from 3330 to 3380, and then fell back again.

So we need to be patient and wait for the price to rebound before going short. Of course, we can also choose an aggressive long strategy. Of course, we can also choose an aggressive long strategy.

Operation strategy:

Short near 3380, stop loss 3390, profit range 3350-3330.

Long near 3345, stop loss 3335, profit range 3370-3380.

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