GOLD - The geopolitical backdrop is changing Gold vs US DollarICMARKETS:XAUUSDRLindaXAUUSD closed Friday’s session near 4,500 and looks fairly weak, with a bearish bias. However, the geopolitical backdrop is shifting over the weekend, which could trigger a gap or a locally positive tone in the market Following a phone call between Middle Eastern countries and the U.S., Trump stated: “The agreement is largely agreed upon and awaits final approval between the United States of America, the Islamic Republic of Iran, and various other countries.” On May 22, the new Fed Chair Kevin Warsh was officially sworn in, promising a “reformist” approach but emphasizing independence from the White House. Key catalysts for the coming week: U.S. GDP data (Q1), core PCE (the Fed’s inflation indicator, May 28), as well as developments in the Iran negotiations. Resistance levels: 4540, 4589, 4646 Support levels: 4500, 4488, 4465 Technically, the market may react quite positively to the shift in the geopolitical backdrop. Bulls may hold the 4500 area, and at the session open, the price may open with an upward gap or continue its movement sharply; a breakout of the local trend line could strengthen the momentum. There is a possibility of growth to 4589 - 4646 - 4734 Best regards, R. Linda!