Gold: 4300 Hit. Longs Done. Now Short.GoldOANDA:XAUUSDTradeCore_EvanThe U.S.-Iran agreement has been reached, reducing market risk aversion — which would theoretically be bearish for gold. However, given that the market had already fully, or even excessively, priced in Fed rate hike expectations, the deal has instead lowered some inflation pressures and geopolitical uncertainty, creating room for gold to rebound after technical oversold conditions. Today, gold gapped higher directly above 4300. All long positions established from below 4100 have now reached their targets. Whether the subsequent rebound can continue will largely depend on how the market interprets the Fed’s policy decision. If Warsh’s remarks turn out to be less hawkish than expected, or if he shows greater concern over downside economic risks, that could provide further support for gold. Conversely, if he signals a clear intent to raise rates further, gold may come under pressure again. On current price action, today’s bullish gap is a potential risk for longs — but also a potential opportunity for shorts. The 4300–4360 area saw considerable consolidation earlier and now stands as the first major resistance zone in the near term. Combined with the upside gap, this presents a favorable setup for short entries. Therefore, in the coming sessions, I lean toward positioning for shorts, with a focus on the following levels: Resistance zones: 4316–4328 and 4347–4378 Downside targets: initially the 4250–4220 zone; if broken, then 4200–4180 For intraday trading, it is advisable to avoid going long above 4350 or short below 4220. Near-term key levels to watch: Resistance: 4313–4327 Support: 4280–4270, and around 4220