Gold Analysis (4H Chart)
Gold’s main trend remains bullish. On the 4H chart, price broke and retested a descending triangle, then continued higher — confirming upside strength.
Price is holding above the key 5000 level (R1); sustained strength above this zone may push gold toward R2. The 12 EMA remains above the 52 EMA, supporting short-term bullish momentum.
Gold traded flat in Asian session but stays cautious ahead of key U.S. inflation data and ongoing U.S.–Iran tensions.
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