Is the escalation of geopolitical crises leading gold to exit this wave next week?

Gold market forecasts for Monday, from a long-term cycle perspective, show that gold has signaled a temporary stabilization after forming a short-term bottom, rising to 4600 then retreating, which is a secondary correction before continuing upward rather than a trend reversal.
The 4200-4300 zone is considered a strong main support, as there was strong buying interest when it previously retreated to 4100, making it a safe area for investment. Technically, the market is heading toward a correction and temporary consolidation, with an expected rebound and stabilization, but resistance at previous highs may hinder a strong breakout, and the 5100 level on the daily chart represents a critical point between the upward and downward trend in the medium term.
From a technical standpoint, unusual bottom formation models such as W-shaped on the hourly chart, and head and shoulders bottom pattern on the hourly chart, are both stable with clear signals of a bottom; in addition, rising tensions between the United States and Iran, along with increased geopolitical caution, strongly support the gold price.
Market outlook for next week: Initially, the market will remain in consolidation and accumulation, with selling pressure diminishing, which may push the price to continue rising and test the 4700 level, with resistance at 4600-4700 in view.
Trading strategy: Rely on support at 4200-4300 for gradual buying, and take profits gradually at 4600-4700, with low buy and high sell waves.
Risk warning: Be cautious of market decline resulting from easing geopolitical tensions and reduced geopolitical caution, and strictly adhere to risk management!$XAUT $BTC ‌$GT ‌#WinGoldBarsWithGrowthPoints #RangeTradingStrategy #IsraelStrikesIranBTCPlunges #BitcoinWeakens #FedRateHikeExpectationsResurface