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As we expected, the tradition remains unbroken: during the week, peace, and on the weekend, war rhetoric emerged.
$XAU, #Gold, we said it was close to resistance, and a sell-off occurred.
If it holds below 4646, a rebound could happen.
If it stays above 4870, the upward movement may continue toward the 4990-5119 zone.
This zone could act as resistance. If it closes above the 5421 peak, an upward continuation is expected.
If it closes below 4646, there is a Fibonacci 0.618 support at the 4382 level; upon confirmation of a reversal, a rebound could occur again.
If the decline continues, the last dip where a reversal occurred, at the 4046 level, could serve as support.