📊 Gold Market Update
Gold edged higher in Asian trade after recent volatility, as markets watched potential de-escalation in the U.S.–Israel–Iran conflict and possible oil supply disruptions.
📈 Outlook: The broader trend remains bullish, but price is currently ranging between 5180–5020 on the 4H chart.
📉 Technical View:
• Possible pullback toward Pivot: 5107
• 12 EMA below 52 EMA → short-term bearish pressure
🔼 Bullish Scenario: Break above 5180 with EMA crossover could trigger stronger upside.
R1: 5180 | R2: 5400
S1: 5020 | S2: 4900
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Katarzyna nowak