Gold prices continued to fluctuate, with a slight upward bias.Gold vs US DollarPEPPERSTONE:XAUUSDIsabella_GoldenTeamGold prices continued to fluctuate, with a slight upward bias. On Friday, we will continue with our established strategy: as long as gold prices remain above the $5100-$5120 range, we will continue to buy on dips. Today, our channel maintains a 100% win rate, continuing our strategy of operating within the $5100-$5185 range. The outlook for gold prices remains one of slightly upward fluctuation. Waiting for prices to fall before buying is the most stable trading strategy this week. The highly anticipated third round of indirect negotiations between the US and Iran has been held in Geneva, but the two sides have not reached a clear agreement. The market is still digesting its aftermath. The current situation can be summarized as "diplomatic overtures coexisting with military confrontation." My conclusion is that regardless of the outcome of the negotiations, the fundamental contradictions and mutual distrust between the US and Iran are unlikely to be resolved in the short term. Long-term geopolitical uncertainty, coupled with global trade frictions and the impact on the dollar credit system, provides solid long-term value support for gold. Short-term key resistance level: $5200-$5250 area. Short-term key support level: $5120-$5130 area. Current price action: Gold is fluctuating around $5190, indicating the market is awaiting the final outcome of the US-Iran negotiations. Trading Strategy Core Idea: Use $5190 as a short-term pivot point and trade based on news-driven breakouts. 1: Price remains above $5180, and there are no major negative factors affecting the US-Iran negotiations (slightly bullish consolidation). Strategy: Maintain a bullish view, but avoid chasing highs. Action: Consider establishing a small long position in the $5180-$5195 area, with a stop-loss below $5140. The first target price is the previous high of $5250; if this level is broken, continue holding. 2: Price retraces to the lower support area ($5140-$5150). Strategy: Consider this a potential buying opportunity. Trading Strategy: Consider establishing a small long position if gold prices fall back to the $5140-$5150 support zone and show signs of stabilization. The stop-loss order should be placed below $5100. Target prices are $5190 and $5250. Regardless of the negotiation outcome, given that gold prices are currently at historical highs, this news is likely to trigger significant profit-taking, leading to substantial price volatility.