Summary

• The price is consolidating tightly between the crucial $4,700 support and the $4,750 resistance level.
• Price action is consolidating around key structural levels, suggesting a breakout from the $4,700-4,750 range is imminent and will dictate the direction for the rest of the week.
• Bullish/Bearish Triggers: A sustained break above $4,804 signals the end of the corrective phase, while a decisive hourly close below $4,700 could trigger a sell-off toward $4,601.

By Zain Vawda

Gold (XAUUSD:CUR) has experienced a period of significant uncertainty this week as tensions in the Middle East remain on a knife's edge. As we head into the upcoming sessions, price action is consolidating

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