The bullish momentum will strengthen if gold prices can hold above the 4359 pivot level.
Bullish Scenario:
Price holds above 4359.
The primary target will be the resistance level at 4470.
A breakout above 4470 opens the path toward 4500 and subsequently 4540.
Bearish Scenario:
Price declines and confirms a 1-hour candle close below the 4359 pivot level.
The trend will shift toward retesting support levels at 4307 and then 4276.
Resistance Levels: 4470 – 4500 – 4540
Support Levels: 4307 – 4276
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