I. News Events: Oman Proposal Advances as Cook Reaffirms Rate Hike Readiness

Thursday global sentiment improved on reports of an Oman-mediated draft granting Iran maritime authority over Strait of Hormuz entries.

However, monetary resistance persists. Fed Governor Cook stated Wednesday that US inflation (June PCE 3.7%) remains high, reiterating readiness for further rate hikes if disinflation stalls.

Cook stressed inflation risks outweigh employment concerns, citing three dissenting votes at the latest policy meeting.

II. 30-Minute Chart: Pullback to 4265 After Hitting 4304 Peak

Spot gold touched a 7-week high of 4304.22 before profit-taking trimmed gains to 4265.09 (+17.56, +0.41%).

MA1 at 4260.46 provides support, while MA20 (4270.22) and MA30 (4265.23) converge flat near 4265.

Price action consolidates around key moving averages, digesting morning gains into technical equilibrium.

III. 30-Minute Technical Indicators: Strong Buy Baseline with StochRSI Oversold Washout

Overall indicator rating holds "Strong Buy" (6 bullish, 4 neutral, 0 bearish).

Trend and Momentum Indicators Stay Bullish:

MACD(12,26) stands at 36.43, releasing bullish signals;

ROC stands at 0.514;

Bull/Bear Power prints 2.91;

Ultimate Oscillator prints 58.80;

ADX(14) prints 47.89;

ATR(14) prints 21.37.

Oscillators Complete Rapid Washout:

RSI(14) prints 66.97 in bullish territory;

STOCH(9,6) prints 55.72;

CCI(14) prints 4.69;

Williams %R prints -47.97;

StochRSI(14) plunged to 5.865 in deep oversold zone.

Indicator synergy confirms a healthy technical consolidation, establishing a support base above 4260.

IV. Summary

Diplomatic progress in Hormuz lifted gold to 4304.22. Hawkish comments from Fed's Cook triggered a minor pullback.

The 30-minute structure retains its bullish posture with oversold short-term oscillators. Markets focus next on NFP payrolls and 4260 support.