{"id":23791,"date":"2026-04-20T04:19:26","date_gmt":"2026-04-20T04:19:26","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23791"},"modified":"2026-04-20T04:19:28","modified_gmt":"2026-04-20T04:19:28","slug":"daily-commentary-378","status":"publish","type":"post","link":"https:\/\/www.maxainasia.net\/vi\/daily-commentary-378-20260420\/","title":{"rendered":"Ng\u01b0\u1eddi b\u00e1n v\u00e0ng ch\u1ed1ng tr\u1ea3 khi c\u0103ng th\u1eb3ng M\u1ef9-Iran b\u00f9ng ph\u00e1t tr\u1edf l\u1ea1i"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold sellers return with a bang early Monday as US-Iran tensions resurface over the Strait of Hormuz blockade. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>The US Dollar rebounds to weekly highs on renewed geopolitical tensions and hawkish Fed bets. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>Gold continues to tease a falling wedge breakout amid bearish crossovers and neutral RSI; eyes on daily close.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold is back in the red at the start of the week on Monday, flirting with the $4,800 barrier, following an impressive rally witnessed on Friday.<\/p>\n\n\n\n<p>Gold has come under intense selling pressure this Monday, as tensions between the United States and Iran re-escalated over the weekend, which now risks violation of the two-week ceasefire that expires on April 22. The re-escalation over the Strait of Hormuz issue has revived the safe-haven demand for the US Dollar .<\/p>\n\n\n\n<p>The continued US naval blockade and the seizure of the Iranian cargo drew a negative response from Iran.Iranian state media also reported that Tehran had rejected new peace talks, citing the ongoing blockade, despite Trump confirming that the negotiations with Iran will take place on Monday.<\/p>\n\n\n\n<p>The Greenback also gains recovery momentum amid a resurgence in the Oil price rally, which stokes inflationary concerns and boosts hawkish expectations around the US Federal Reserve\u2019s (Fed) interest rate outlook. This bodes ill for non-yielding assets such as Gold.<\/p>\n\n\n\n<p>On Friday, the USD witnessed a sharp retracement from seven-week highs amid risk recovery, which fuelled a solid Gold price rebound. This happened after Iran\u2019s foreign minister declared the Strait of Hormuz open to all commercial ships during the ceasefire between Israel and Lebanon.<\/p>\n\n\n\n<p>Amid a fast-changing situation in the US-Iran conflict, it remains to be seen if Iran retaliates or signs up again for the peace talks. In either case, volatility is set to remain high and keep the Gold price subject to wild swings.<\/p>\n\n\n\n<p>Beyond geopolitics, the focus this week also remains on Fed Chair-designate Kevin Warsh\u2019s testimony due on Tuesday, as he testifies on his nomination as the Fed Chair before the Senate Committee on Banking, Housing, and Urban Affairs, in Washington DC.<\/p>\n\n\n\n<p>Also of note will be the US March Retail Sales report and the preliminary business PMI data for April.<\/p>\n\n\n\n<p>Meanwhile, Gold\u2019s technical setup on the daily chart also appears interesting, leaving all eyes on technicals alongside geopolitics.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\" id=\"h-daily-technical-analysis\">Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt h\u00e0ng ng\u00e0y<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"379\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/04\/image-10-1024x379.png\" alt=\"\" class=\"wp-image-23792\" srcset=\"https:\/\/www.maxainasia.net\/wp-content\/uploads\/2026\/04\/image-10-1024x379.png 1024w, https:\/\/www.maxainasia.net\/wp-content\/uploads\/2026\/04\/image-10-300x111.png 300w, https:\/\/www.maxainasia.net\/wp-content\/uploads\/2026\/04\/image-10-768x285.png 768w, https:\/\/www.maxainasia.net\/wp-content\/uploads\/2026\/04\/image-10-18x7.png 18w, https:\/\/www.maxainasia.net\/wp-content\/uploads\/2026\/04\/image-10.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>In the daily chart, XAU\/USD trades at $4,798.65. The metal has reclaimed a constructive stance above the short- and medium-term baselines, with price holding over the 21-day simple moving average (SMA) at $4,654.94 and the 100-day SMA at $4,721.39, while remaining capped only by the 50-day SMA at $4,894.89 higher up. The break above the former descending resistance line, which now offers support around $4,775.64, hints at a nascent bullish bias, while the RSI near 52 suggests neutral but stabilizing momentum after the recent pullback.<\/p>\n\n\n\n<p>On the downside, initial support is seen at the reclaimed descending trend line near $4,775.64, followed by the 100-day SMA at $4,721.39 and the 21-day SMA at $4,654.94, with the original rising trend line further down around $4,586.37; the 200-day SMA at $4,223.02 remains a distant bullish line in the sand. On the topside, a sustained advance would need to clear the 50-day SMA at $4,894.89 to open the way for a more decisive extension of the recovery phase.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is back in the red at the start of the week on Monday, flirting with the $4,800 barrier, following an impressive rally witnessed on Friday. Gold has come under intense selling pressure this Monday, as tensions between the United States and Iran re-escalated over the weekend, which now risks violation of the two-week ceasefire &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.maxainasia.net\/vi\/daily-commentary-378-20260420\/\" class=\"more-link\">\u0110\u1ecdc ti\u1ebfp<span class=\"screen-reader-text\"> &#8220;GOLD sellers fight back as US-Iran tensions re-ignite&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-23791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/posts\/23791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/comments?post=23791"}],"version-history":[{"count":1,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/posts\/23791\/revisions"}],"predecessor-version":[{"id":23793,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/posts\/23791\/revisions\/23793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/media?parent=23791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/categories?post=23791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxainasia.net\/vi\/wp-json\/wp\/v2\/tags?post=23791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}