Gold steadied in Asian trade, holding above key levels as markets focused on oil prices, the U.S.–Israel conflict with Iran, and upcoming central bank meetings.
Prices briefly fell below $5,000 but rebounded as easing oil prices reduced inflation concerns linked to the conflict. The primary trend remains bullish; on the 4H chart, prices are moving within a range of 5150–4960.
Prices failed to break lower support and are now sustaining above the pivot of 5003, showing short-term recovery. A morning star pattern is forming on the daily chart; a bullish close could support upside in the next few sessions.
For stronger bullish confirmation, the 12 EMA must cross above the 52 EMA; otherwise, the rise may remain a corrective move toward 5120.
R1=5180 R2=5400
S1=4960 S2=4880
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