#XAUUSD #iOSSecurityUpdate #TrumpConsidersEndingIranConflict

XAUUSD is correcting after a 7% drop over the week and is testing 4,735, forming a key liquidity zone. The correction is linked to profit-taking and a weaker dollar, but the move may be temporary...

Traders are closing short positions ahead of the weekend and next week’s PMI data. The end-of-week effect is adding volatility.

The escalation of the war (strikes on energy facilities, Iran’s retaliatory strikes) has intensified risk-off sentiment, but gold was sold to cover losses in other markets.

Major central banks have adopted a cautious stance, delaying rate cuts amid the energy shock.

Markets are beginning to rule out expectations of rate cuts this year → negative for gold.

The dollar weakened following central bank decisions (the euro and yen rose), but this did not save gold from a collapse.

Resistance levels: 4661, 4735, 4804

Support levels: 4634, 4574

Technically, there are two key levels for gold: the liquidity zone at 4735 and the local range support at 4661. A short squeeze above the upper level or a close below the lower level could trigger a further decline.