Middle East negotiations - gold prices recover.GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend : Market Structure Overall Trend Gold is maintaining a strong short-term bullish recovery after rebounding sharply from the 4,040–4,060 support zone. EMA9 (~4,288) remains above EMA89 (~4,220), confirming positive short-term momentum. Price continues to print Higher Highs and Higher Lows. The previous bearish market structure has been broken, while buyers remain in control above the key 4,220 support area. The chart also suggests the formation of a potential 5-wave bullish structure, indicating further upside potential. 👉 Current Trend: Short-term bullish continuation. 📊 2. Price Action : Wave Structure The current wave count suggests: Waves (1)–(4) may already be completed. Price appears to be entering Wave (5). If Wave (5) extends higher, the next upside targets are: 🎯 4,350 – 4,360 (major supply zone) 🎯 4,390 – 4,400 (extended bullish target) 📍 Key Support & Resistance Levels 🔴 Immediate Resistance: 4,350 – 4,360 Major supply zone Previous breakdown area Strong profit-taking region 🔴 Major Resistance: 4,390 – 4,410 Higher-timeframe resistance Potential completion zone for Wave (5) 🔵 Near Support: 4,220 – 4,225 Previous breakout level Current bullish structure support 🔵 Major Support: 4,168 – 4,180 Key demand zone A break below this area would weaken the short-term bullish outlook and increase the risk of a deeper correction. 3. SIGNAL SELL GOLD zone : 4360 - 4363 SL: 4368 TP : 4344 - 4322 - 4300