Gold Stabilizes After Two-Day Decline, Iran Tension Fuels Inflation Concerns

Gold prices have begun to trade sideways after a two-day decline. Investors' focus has shifted to the negotiations between the US and Iran, as well as the inflation risks arising from the indefinite closure of the Strait of Hormuz. The closure of the Strait of Hormuz disrupts global oil supply, pushing energy prices higher. This raises inflation expectations while supporting gold's safe-haven demand. However, the previous two-day decline indicates that investors are engaging in profit-taking. Markets are monitoring geopolitical developments as well as signals from central banks regarding monetary policy. As an asset sensitive to interest rates, gold may come under pressure from potential rate hikes. Analysts note that gold could fluctuate in the $2,350-$2,400 range in the short term, but upward movements could accelerate if Iran tensions escalate. Investors will also closely watch US inflation data due this week. This is not investment advice.

📊 GLD — Piyasa Yorumu

▼ down · 60%

Although gold prices have stabilized after a two-day decline, rising inflation concerns due to tensions with Iran could revive safe-haven demand. However, current technical indicators (RSI at 32, MACD negative, price below SMA20 and SMA50) suggest short-term bearish pressure. Over the next 1-3 days, prices are expected to decline slightly or trade sideways. Investors should remain cautious of short-term volatility and review their risk management strategies.

RSI 14

32.3

MACD

-2.50

24h Δ

-0.35%

📊 GOLD — Piyasa Yorumu

■ neutral · 60%

Gold is signaling a potential stabilization after a two-day decline, though technical indicators remain weak. The RSI is approaching oversold territory at 36.7, while the MACD is below zero but showing a slight recovery trend above the signal line. The price is trading below both the 20-day and 50-day moving averages, indicating continued short-term pressure. Rising inflation concerns due to tensions with Iran could provide support for gold, but upside movement may remain limited unless the downtrend is broken. Therefore, a sideways trend is expected in the short term.

RSI 14

36.7

MACD

-0.75

24h Δ

-3.99%

📊 BRENT — Piyasa Yorumu

■ neutral · 60%

Brent crude oil, despite a 1.23% increase in its last close, is trading below its 20-day moving average. The RSI stands at 46, in neutral territory, while the MACD remains below the signal line. The Iran tensions highlighted in the news could heighten supply concerns, but the balancing effect of gold prices suggests limited risk appetite. In the short term, consolidation is expected between the support level of $111 and resistance at $113.5.

RSI 14

45.9

MACD

0.36

24h Δ

1.23%

📊 WTI — Piyasa Yorumu

■ neutral · 60%

WTI crude oil is near the sell zone with an RSI of 42, though not yet oversold. The MACD line remains below the signal line and in negative territory, indicating short-term weakness. The price is trading below both the 20-day and 50-day moving averages, weighing on the technical outlook. On the news front, rising Iran tensions are fueling inflation concerns, keeping supply risks alive and potentially limiting downside moves. Therefore, a clear short-term direction is difficult to determine, and the price is expected to consolidate around current levels.

RSI 14

42.2

MACD

-0.05

24h Δ

0.18%

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