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29.04.2026 11:17 AMThe price of gold has been consolidating in a range for a considerable period against the backdrop of the Middle East conflict. But the situation could change if the Fed resumes rate cuts and a neither?war?nor?peace state between the US and Iran persists for some time.
From a technical perspective, gold found support at $4,552.75. If this level holds, a local rise in the yellow metal can be expected.
Technical picture and trading idea:
Gold may locally reverse upward toward $4,711.15. A buy entry could be at $4,616.10.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
