– The uptrend remains, but the price is currently moving sideways within a relatively wide range (513x – 520x). This area (5218 – 5220) is a key resistance area that will determine whether the uptrend can continue. The current upward momentum is not enough to continue breaking out of the sideways range before confirming a clearer trend.

– The Multi-Time Frame Exponential Moving Average (H4 – H2) still confirms the main trend up, as the 34 Exponential Moving Average remains above the 89 Exponential Moving Average. The Exponential Moving Average (H1) is showing clear signs of sideways movement as the price is moving sideways between the two exponential moving averages.

– Tensions between the United States and Iran have escalated after Iran announced it would refuse to transfer enriched uranium abroad and demanded that the United States lift sanctions imposed on it. ✅ Overview:

1. Continue to purchase:

– If the price exceeds the area (5218 – 5220) + breaks the downtrend line + breaks the top of the lower level, the general view is to continue buying.

Target: 523x – 524x.

– When the price moves above this area (5245 – 5250), the uptrend will be stronger.

Target: 527x – 530x – 534x.

2. Retest purchase:

If a price correction occurs, it is recommended to wait for buying opportunities in the 515x and 514x areas based on the uptrend structure (H4). This is the support area where buyers can support and sustain the uptrend structure.

=> Target level: 518x – 519x – 521x
3. Reflection:

– If the one hour time frame (H1) confirms a breakout of the (5120 – 5130) area, gold may enter a deeper correction wave and the bullish trend structure will be broken.

❗Please note that the market is witnessing some false breakouts. Wait for clear confirmation on the 1 hour (H1) time frame or longer before trading on the trend.

Buy gold at a specific price: 5158 – 5160
Stop loss: 5154
Take profit 1:5163
Take profit 2:5175

Buy gold at a specific price: 5140 – 5142
Stop loss: 5136
Take profit 1:5145
Take Profit 2: 5157

Sell ​​gold at a specific price: 5217 – 5219
Stop loss: 5223
Take profit 1:5214
Take Profit 2: 5202

Sell ​​gold at a specific price: 5247 – 5249
Stop loss: 5253
Take profit 1:5244
Take Profit 2: 5232

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