gold accumulation below 5070GoldOANDA:XAUUSDJJainy🔺Related Information: (XAU/USD) Gold (XAU/USD) gives back its slight intraday advances and slips toward the bottom of its daily trading range ahead of Tuesday’s European session, although it continues to stay above the key $5,000 psychological threshold. There are limited indications that the US–Israeli conflict with Iran may be nearing a resolution, even as tensions intensify between Israel and Hezbollah in Lebanon. Notably, the Israeli military has announced an expansion of its ground operations in southern Lebanon, a region widely regarded as a stronghold of the Hezbollah group. This ongoing instability sustains geopolitical uncertainty and remains an important factor underpinning demand for the safe-haven precious metal. 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 📌 Chart analysis: 🔗 Short-term timeframes: M15, M45, H1 Gold prices are currently stuck within the H1 range: around 4970 - 5030. Formation of an upward recovery trend line on the H1 timeframe. Trading volume on the M15 timeframe is predominantly selling. 🔗 Medium-term timeframes: H2, H4 Gold prices have returned to around 5010, below the H4 EMA moving average. Key zones: 🔗 Supply zone (resistance): 5068, 5112 🔗 Demand zone (support): 4970 🔗 Three EMA moving averages; technical indicators: stochastic, volume set up signal : 🔗 SELL XAU 5068 - 5073 stoploss: 5078 Take profit : 5045 - 5022 - 4990 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 ✏️ Personal opinion: The recovery - buyers are recovering, with increasing buying volume heading towards 5070 in the short term. 📥 Follow us for the most accurate gold price trends.