4745 recovery, retest trendlineGoldOANDA:XAUUSDJJainy🔺Related Information: (XAU/USD) Gold (XAU/USD) extends its steady intraday advance and rises toward the $4,700 area, marking a fresh daily high during the first half of Monday’s European session. According to Bloomberg, citing Axios, the US, Iran, and regional intermediaries are currently negotiating terms for a potential 45-day ceasefire that could pave the way for an end to hostilities. This development weakens the safe-haven appeal of the US Dollar (USD), helping the precious metal attract dip-buying interest around the $4,600 level. Nonetheless, expectations of higher global interest rates continue to limit gains for the non-yielding asset. 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 📌 Chart analysis: 🔗 Short-term timeframes: M15, M45, H1 On the M15 chart, the price touched the EMA and the resistance zone at 4693 and is reacting. H1 shows strong buying pressure - gradually breaking through the EMA lines. in a consolidation and sideways movement below 4800 🔗 Medium-term timeframes: H2, H4 in a consolidation and sideways movement below 4800 Key zones: 🔗 Supply zone (resistance): 4746 🔗 Demand zone (support): 4663, 4600 🔗 Three EMA moving averages; technical indicators: stochastic, volume Setup signal: 🔗 SELL XAU 4745 – 4748 stop loss: 4753 Take profit: 4720 - 4690 - 4650 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 ✏️ Personal opinion: Gold prices are mostly moving sideways below 4800, with no major fluctuations yet.