#Gate广场四月发帖挑战 Gold gaps lower sharply at the open, causing a fright, while crude oil remains volatile at high levels

Spot Gold: News: After the Asian trading market opened on Monday, April 6, (gold prices plunged sharply, following increased threats from U.S. President Donald Trump, who said he would destroy Iran’s power plants, while Tehran showed little sign of accepting the U.S. demand to end Middle East conflicts. Gold prices initially fell 1.4% in early trading, breaking below $4610 per ounce, after already dropping 1.7% the previous trading day. Trump posted on social media over the weekend that if Iran does not open the Strait of Hormuz, it will face “hellish strikes”; Tehran rejected this final ultimatum and continued attacks on regional energy infrastructure.

Technical analysis: The daily MACD is currently forming a bullish crossover from a low position, with the stochastic indicator showing overbought conditions and turning downward for correction, indicating short-term high-level consolidation. Today, we only need to watch the support at last week’s low of 4,580, which is near the current MA10 support; as long as the price does not break below this point, there is potential for a rebound. Above, focus on the middle band resistance and the MA60 around 4,754 and 4,805. Last week, international gold prices traded below the 20-day moving average for two consecutive days, which is now pressing down at 4,755, indicating medium-term resistance. In the short term, on the 2-hour chart, the price found support near 4,600)MA60(, with resistance concentrated at 4,673-4,687)MA20/120(, confirming the Asian session trading range of 4,600-4,687. If today’s gold