š Technical analysis:
ā”ļø On the 1-hour timeframe, gold has made several attempts to break through the trendline and has now successfully done so, signaling that buyers are likely to continue pushing higher prices. At the same time, the narrowing gap between the 34 EMA and the 89 EMA, combined with the Elliott Wave structure, is reinforcing the short-term bullish momentum. Overall, the precious metal is expected to see a recovery during today’s session.
Resistance ZONE: 4578 ; 4595 ļØconsider selling Scalping
Support zone: 4500 – 4995 ļ consider Buy Scalping
Support tools: EMA, Fibonacci, Trendline
Wishing you a successful trading day