Weekend Situation Deteriorates, Markets Ignite! Gold to Face HisGold vs US DollarPEPPERSTONE:XAUUSDXAU-PeterWeekend Situation Deteriorates, Markets Ignite! Gold to Face Historic Storm on Monday Opening On Sunday (March 1st), the dramatic deterioration of the situation in Iran over the weekend—particularly the US-Israel joint military operation that led to the assassination of Iran's Supreme Leader Khamenei, and the subsequent missile retaliation and de facto paralysis of the Strait of Hormuz—will undoubtedly bring an unprecedented storm to the financial markets when they open on Monday. Looking back at the past trading week, the market showed strong unease before the close due to the escalating geopolitical risks. On Friday (February 27th), as global financial markets closed, major asset classes were at key technical levels: spot gold surged to around $5280, Brent crude oil held above $73, and the 10-year US Treasury yield accelerated its decline, falling below the 3.95% mark. These data broadly reflect that, prior to major unforeseen events, market sentiment had shifted from volatility to a clear risk-averse drive. I. Escalating Major Events Over the Weekend 🔥 According to the latest news, the situation deteriorated sharply over the weekend, with the following key developments: 1️⃣ Death of a Key Figure Ignites Geopolitical Nuclear Bomb 💥 Multiple authoritative media outlets have confirmed that Iran's Supreme Leader was killed in the recent joint US-Israel operation. With the release of related video footage, the event's authenticity is gradually being confirmed, undoubtedly a landmark event that will change the course of history! 2️⃣ Increased Suspicion of Succession, Increased Expectations of Confrontation ⚔️ Institutional assessments suggest that the potential successor has close ties to the Revolutionary Guard, indicating that Iran's future foreign policy may be more confrontational, and geopolitical risk premiums will continue to rise. 3️⃣ Substantial Paralysis of the "Energy Chokepoint" 🛑 The most chilling signal for the market is the state of the Strait of Hormuz! Despite official statements that the Strait of Hormuz remains open, actual data shows that the speeds of oil tankers in the surrounding area have generally dropped to zero. The large number of oil tankers halting operations to avoid danger means that approximately 20% of the global oil supply route is effectively paralyzed! This fact, not just a statement, will be the direct cause of Monday's gap-up opening in oil prices and will also push up global inflation expectations. II. Gold Technical Analysis: The King of Safe-Haven Bullish Frenzy 👑 Technical Review: On Friday, spot gold broke out strongly, reaching a high of $5280.70✨, far exceeding the upper Bollinger Band ($5250.00). Moving averages are perfectly aligned in a bullish pattern, and the MACD histogram continues to expand, indicating ample upward momentum! Personal Sentiment: Seeing this technical pattern, one has to say—gold is on its way to the sky! 🚀 In the face of a major geopolitical event, the technical and fundamental aspects resonate perfectly; such opportunities are truly rare! Next Week's Trend Analysis: 📝 When a large-scale conflict erupts in the Middle East on Saturday, gold's safe-haven appeal will be amplified. Coupled with rising oil prices pushing up global inflation expectations, gold will experience a dual boost from both safe-haven demand and inflation hedging. 💫 Currently, there are no signs of easing in the conflict, and the possibility of Iranian retaliation and increased US military intervention is extremely high. Geopolitical risk premiums will continue to be priced into gold, becoming the core strength for bulls next week! Friday saw a strong breakout above the previous resistance level of $5200, which has now become strong support after the top-bottom reversal! The daily moving averages are in a bullish alignment, and the 4-hour chart shows the price moving along the upper Bollinger Band, indicating a complete upward structure with ample momentum. 📈 Closing at around $5280 means that the short-term pullback space has been significantly compressed, and next week's opening will likely see a gap up, directly targeting the $5300-$5350 range! If it can effectively break through $5350, the next target will be above the previous high of $5400, and may even break a new all-time high! Under this strong trend, the bulls will continue their upward momentum, and any pullback is an opportunity to buy! 🎯 III. Gold Trading Strategy for Next Week 💼 From the 4-hour chart, watch the resistance level at 5370-5380 and the short-term support level at 5225-5230, with particular attention to the support level at 5196-5203. The recommended strategy is to buy on pullbacks for a more conservative approach. Trading Strategy: 💰 1. Buy gold on a pullback to 5225-5230, add to the position on a pullback to 5196-5203, stop loss at 5187, target 5350-5370, hold if it breaks through; IV. Market Outlook and Trading Suggestions for Next Week 🔮 Next week's market is destined to be turbulent! Geopolitical risks will continue to escalate, and safe-haven demand will dominate the market, potentially pushing gold to new historical highs! However, high volatility also means high risk, making precise entry and exit timing crucial! 📢 If your current trading is not going well, or you have open positions that need to be unwound, feel free to contact us! We will provide real-time market analysis and strategy planning to help you seize opportunities in this historic market event and avoid unnecessary investment mistakes! 📱 I will provide specific trading strategies after the market opens. Please pay close attention, and let's weather this financial market storm together and seize the opportunities that await us! 🌈