empty
12.06.2026 10:14 AM
GOLD. Lack of Progress in Iran Negotiations May Once Again Drive Gold Prices Down

Trump is once again stirring up the markets with promises of reaching a peace deal this weekend. Whether this will happen remains an open question and could affect the likelihood of a reversal in market trends, similar to what was observed yesterday, Thursday. On this wave, the price of gold may resume its decline towards yesterday's local low.

From a technical standpoint, the absence of positive news from the Middle East could lead to a renewed drop in gold prices.

Technical Analysis and Trading Idea:

This image is no longer relevant

The price is currently below the middle line of the Bollinger Bands, below the 5-period SMA, but still above the 14-period SMA. The RSI is below the 50% level and is moving horizontally. The Stochastic is turning downward.

I believe it is worth selling gold after a decline below 4150.50, with a potential drop to 4111.80.

Pati Gani,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Viktor Vasilevsky
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Binary Options are unavailable for trading in this region
Can't speak right now?
Ask your question in the chat.
Widget callback