Iran Withdraws from Nuclear Deal: Impact on Oil, Gold, and Bitcoin

Iran's withdrawal from the nuclear deal could disrupt geopolitical risk appetite and create selling pressure on risk assets in the short term. BTC is currently trading sideways around 77.3K; RSI at 48 is neutral, MACD is in negative territory but showing a slight recovery above the signal line. The price is tightly squeezed near SMA20 and SMA50, indicating no clear technical advantage for direction. While news flow pushes gold and oil higher, BTC is likely to react volatile-to-downward in the short term, but the impact may be limited and confined to 1-3 days. Given high uncertainty, it is sensible to keep position sizes small and watch for breaks below 76.5K or above 78K.

Iran's withdrawal from the nuclear deal could increase the geopolitical risk premium and create short-term upward pressure on Brent crude. However, the price has fallen 4% in the last 24 hours to $104.6, with RSI at 46 in neutral territory and MACD below its signal line, indicating negative momentum. The news may not yet be priced in; although buying interest may emerge at the market open, resistance at $105.5 (SMA20) is critical. While Middle East supply disruption concerns support oil in the short term, the weak technical picture suggests the upside may be limited. Nevertheless, due to the news, an upward move within 1-3 days is more likely.

Iran's withdrawal from the nuclear deal could heighten geopolitical risks and boost safe-haven demand, which may support gold prices in the short term. However, GLD's last close at 4348.905 is well above its 20- and 50-day moving averages, increasing the risk of overbought conditions and potential profit-taking. The RSI is at 42, in neutral territory, and the MACD is in negative territory but slightly above the signal line, indicating weak momentum. Although the news is positive, technical indicators are giving mixed signals; therefore, the upside may be limited. I expect a moderate rise in the short term, but volatility could be high.