XAU/USD | Close the gap, what next? (READ THE CAPTION)GoldOANDA:XAUUSDAmirAliTradingAs you can see in the 4H chart of Gold, it reached the high of 4891 last week and then closed at 4831, and today it opened at 4774 which is a rather big gap, and then it dropped to 4736 before bouncing back up and currently is being traded at 4820, which is above the April 20th NWOG C.E.. This huge gap is the result of the Strait of Hormuz close which happened during the weekend. Now I expect Gold to close the entire NWOG before tonight's close, and I expect it to reach the 4850 level before dropping back down again, retesting the Supply Zone. If it drops back inside the April 20th NWOG, it must keep itself above the Consequent Encroachment of the gap which is at 4802 level. If it falls below this level, further drop to 4780 is possible, and losing the 4780 level will signal bearish for Gold. Targets: 4835, 4825, 4815 and 4805, 4795 and 4785. However, stabilizing above the April 20th NWOG C.E. could signal Gold going higher, first target will be at 4850 and if it breaks above this level strongly, we could see Gold reach 4900. Any news regarding a peace treaty or the opening of Strait of Hormuz could send the Gold through the roof! And also results in a lower price of Oil.