2026-04-12 18:35:47

Gold Weekly Opening Forecast

On April 12, the US-Iran negotiations broke down, geopolitical easing expectations failed, and market sentiment shifted back to bearish for gold. The core disagreements between the two sides are difficult to reconcile, the US stance remains firm, geopolitical risks continue to escalate, and next week crude oil is expected to stay strong while gold faces downward pressure.

Gold trading reference:
4766–4776 range for phased shorting
Initial target at 4730, with a break below targeting 4710–4700 key support

If this range is broken, downside space opens up, with potential to reach 4600 and below.
The short-term trend is bearish, follow the trend, strictly set stop-losses, and avoid blindly bottom-fishing.

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