GOLD | Rebound Within Range as Geopolitical Risk Persists

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GOLD | Rebound Within Range as Geopolitical Risk Persists

Gold is rebounding toward $4640 after recent lows, supported by ongoing Middle East tensions and uncertainty around U.S.–Iran developments.

However, rate expectations shifting higher and a steady Fed are limiting upside, keeping the market in a volatile consolidation phase.

Technically:
The price is currently trading inside a range between 4604 – 4658.
A break above 4658 would confirm bullish continuation toward 4695, and above that level may extend gains toward 4739 → 4772.
However, stability below 4658 would keep pressure on the downside, with a move toward 4622 → 4604.
A break below 4604 would extend the bearish move toward 4570 → 4535.
Market Structure:

Current behavior = consolidation before breakout
Range trading until a catalyst (geopolitics / Fed expectations)

Key Levels:
Pivot Line: 4622
Support: 4604 – 4570 – 4535
Resistance: 4658 – 4695 – 4739

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