Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
FUNDAMENTAL
OVERVIEWGold got stuck in another
consolidation as the bullish momentum remains weak amid conflicting signals. Yesterday,
it looked like the third round of US-Iran talks went bad as we got reports of
Iran rejecting US demands. The markets went into risk-off, eventually
supporting gold prices. Later on, we got reports
that the talks
made significant progress and another round was scheduled for next week. This
push and pull is keeping most market rangebound, including gold. Overall, the market might
remain supported in the short-term amid some uncertainty, but I don’t see
material changes to justify a rally back to all-time highs, at the moment. The
real risks remain a potential US-Iran military escalation which could take gold
prices to new highs or a hawkish repricing on stronger US data which would have
a negative effect on the market. Fed’s Waller mentioned that
he would change his dovish stance in case the strong January’s jobs data is
repeated in February, so next week’s NFP report is going to be a key risk event
for gold. GOLD TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can
see that gold is creeping higher, but the momentum remains weak with many
consolidations along the way. There’s not much we can glean from this timeframe,
so we need to zoom in to see some more details.GOLD TECHNICAL ANALYSIS – 4
HOUR TIMEFRAMEOn the 4 hour chart, we can
see the price is consolidating above the key 5100 zone as traders await new
catalysts to pick a direction. From a risk management perspective, the buyers
will have better risk to reward opportunities around the 5100 support and the
minor upward trendline to position for a rally into new all-time highs. The
sellers, on the other hand, will want to see the price breaking below the
trendline to open the door for a drop back into the 4600 level next.GOLD TECHNICAL ANALYSIS – 1
HOUR TIMEFRAMEOn the 1 hour chart, there’s
not much we can add here as the buyers will likely continue to step in around the
support and the trendline, while the sellers will wait for the break of the
trendline to gain more conviction for new lows. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we conclude the week with the US PPI report but continue to watch
out for US-Iran headlines.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Gold’s stuck in a consolidation phase, and here’s why that matters for traders: the recent US-Iran talks have created uncertainty, pushing investors toward safer assets like gold. With SOL currently at $84.83, the crypto market could react as traders seek refuge from geopolitical tensions. The weak bullish momentum in gold suggests that any breakout could be limited unless we see a clear shift in sentiment. Watch for key resistance levels around $1,800, as a failure to break above could lead to further consolidation or even a pullback. On the flip side, if geopolitical tensions escalate, gold could see a surge, impacting correlated assets like SOL, which often reacts to broader market sentiment. Traders should keep an eye on the daily chart for gold and SOL, looking for any signs of volatility or shifts in trading volume that could indicate a breakout or breakdown. The next few days will be crucial, especially if new developments arise from the US-Iran situation.
📮 Takeaway
Monitor gold’s resistance at $1,800 and SOL’s reaction to geopolitical tensions for potential trading opportunities.
