Gold, Oil & Geopolitics | Markets Waiting For The Next Move!

Apr 9

By analyzing the #Gold chart on the 4H timeframe, we can see that the market is currently trading around the $4795 region after the strong reaction from the $4800 – $4850 supply zone. This level continues to act as a key resistance where sellers have repeatedly stepped in.

What makes the current situation more interesting is the geopolitical backdrop. After the temporary ceasefire announcement between Iran and Israel mediated by the United States, which was publicly mentioned by President Trump, markets reacted immediately. One of the most visible reactions was the large price gap that formed on Oil charts (Specially UKOIL), which from a technical perspective often tends to get filled over time.

In my view, the short-term price behavior of Gold may heavily depend on how this geopolitical situation evolves. If tensions rise again or if the ceasefire is violated by either side, the market could quickly move to fill that gap while volatility increases sharply. As Trump himself said, “we’ll see what happens.” The coming days could be extremely important for global markets.

At the same time, the Oil market is also sending strong signals. Currently UKOIL (Brent) is trading around $95, while USOIL (WTI) is trading near $96.4. These levels come after a sharp correction that followed the temporary ceasefire headlines.

From a structural perspective:

For Brent Oil (UKOIL), the nearest supply zones are forming around $99 – $103, followed by the stronger resistance cluster between $113 – $119. On the downside, the closest demand zones are located around $90 – $92, with deeper support sitting between $84 – $86.

For WTI (USOIL), the nearest supply areas are forming around $98 – $101, followed by a stronger resistance region between $108 – $112. On the downside, the closest demand zones are around $91 – $93, with deeper structural support between $85 – $88.

For Gold, the $4800 – $4850 region remains the main supply zone where strong reactions have appeared. On the downside, the closest demand zones are located around $4680 – $4720, followed by the deeper support cluster between $4550 – $4600.

From a trading perspective, if geopolitical tensions increase again, we could see Oil prices rally strongly once more, while Gold may experience another sharp move as markets react to the uncertainty. However, if negotiations move toward a stable and lasting ceasefire, risk sentiment could improve and the market structure may shift again.

One thing is clear: these are extremely important days for the global markets, and the next major moves in Gold, Brent Oil, and WTI will likely be driven not only by technical levels, but also by the next geopolitical developments.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Apr 10

Trade active

By analyzing the #Gold chart on the 4H timeframe, we can see that price once again reacted exactly as expected around the $4800 resistance zone. After pushing higher for the second time toward this level, strong selling pressure stepped in and Gold dropped sharply toward $4731, delivering more than 700 pips of movement since last night. I hope many of you managed to take advantage of this move.

Currently, Gold is trading around the $4770 region, while the broader market is closely watching the upcoming negotiations between Iran and the United States scheduled for Saturday. The real reaction will likely appear on charts early Monday, once the market fully digests the outcome.

At the same time, Oil markets remain highly sensitive to the same geopolitical developments.
Right now UKOIL (Brent) is trading around $96, while USOIL (WTI) is trading near $98.5.

If tensions increase again and the ceasefire is violated, we could see Gold dropping toward the $4600 region, while Oil could rally back above the $100 level due to renewed supply concerns.

From a structural perspective: For Gold, the nearest supply zones remain around $4800 – $4850, followed by $4920 – $5000. On the downside, the closest demand zones are located around $4680 – $4720, with deeper support between $4550 – $4600.

For Brent Oil (UKOIL), the nearest supply zones are around $99 – $103, followed by $113 – $119. The closest demand areas sit near $92 – $94, with deeper support around $84 – $88.

For WTI (USOIL), the nearest supply zones are forming around $100 – $104, followed by $108 – $112, while the closest demand zones are located around $94 – $96, with deeper support near $88 – $90.