I. News Highlights: Houthi Missile Attack Drives Energy Bounce
On Wednesday afternoon, Yemen's Houthi forces claimed a missile strike on a Saudi energy tanker near Yanbu port, tempering optimistic expectations of rapid Middle East de-escalation. Brent crude futures bounced back above 80 USD per barrel on the news.
Concurrently, Tehran explicitly denied engaging in direct peace talks with Washington, contradicting President Trump's earlier remarks. Latest API data also showed weekly increases in US crude and gasoline inventories.
Renewed geopolitical friction and rising energy prices reignited inflation concerns, prompting morning buyers in the gold market to adopt a cautious stance and triggering a technical pullback from intraday highs.
II. 30-Minute Chart: Pullback After Testing 4179 High, MA30 Provides Dynamic Support
Spot gold spiked from an early low of 4065.48 USD to touch 4179.49 USD before surrendering gains as energy prices rebounded. Spot gold traded around 4155.47 USD, up 1.91% for the session.On moving averages, MA1 (4161.77) and MA20 (4162.03) converge overhead to cap short-term rebounds, while MA30 (4136.63) maintains a steep upward slope below price action to form robust dynamic support.
III. 30-Minute Indicators: Bullish Trend Intact, Oversold Indicators Reset
Technical indicators preserve a Strong Buy overall summary (6 buy, 3 neutral, 1 sell), confirming underlying trend strength despite short-term consolidation.
Trend and Momentum Indicators Stay Bullish:
MACD(12,26) at 19.62 continues to issue buy signals; RSI(14) at 66.91 remains in bullish territory; STOCH(9,6) at 64.02 and Bull/Bear Power at 13.28 confirm solid support.
Oscillators Complete Fast Reset:
StochRSI(14) plummeted to 2.34 into deep oversold territory, signaling that the pullback from 4179.49 USD quickly flushed out overbought sentiment. CCI(14) at 27.25 has normalized to neutral.
Indicator synergy shows that the pullback represents technical profit-taking. Oversold StochRSI readings suggest selling pressure is waning as prices seek equilibrium above 4150 USD.
IV. Summary
Morning rally momentum fueled by talk expectations was interrupted by Houthi naval strikes and rebounding energy prices. However, 30-minute charts show the core bullish structure remains unbroken, with short-term indicators resetting from overbought levels. Key focus shifts to diplomatic updates, Red Sea shipping security, and price stability above 4150 USD support.