GOLD - A pullback before an upward GOLD (US$/OZ)TVC:GOLDJimmyExpertTraderGold is forming a long lower wick at a key support zone and is recovering from yesterday’s drop. The move up from the local low has reached around 2.5%. Before continuing the rally, a pullback toward 4738 is possible as traders hunt for liquidity. Trump’s unilateral extension of the ceasefire has given temporary relief to the dollar and supported gold. However, negotiations remain stalled. Iran is waiting for a “comprehensive proposal” from the US, while port blockades are still in place. Escalation threats (which usually pressure gold) remain. Meanwhile, the Fed: Kevin Warsh hinted during testimony that he may be less dovish than previously expected. De-escalation, successful London talks (including reopening of key routes), and a weaker dollar could support further upside in gold. On the other hand, failed negotiations, renewed escalation, a stronger dollar, and rising rate expectations could put pressure on the metal. Resistance levels: 4772, 4798, 4830 Support levels: 4738, 4700, 4668 Before moving higher, gold may test the 4738–4720 liquidity zone. However, a breakout and consolidation above 4770 could trigger an early rally. Also keep an eye on statements from countries involved in the Middle East conflict, as the market may react unpredictably to any sharp developments. Regards : KING OF GOLD