Gold Market Update 📊
Gold prices moved higher in Asian trade as rising Middle East tensions increased safe-haven demand, while a weaker U.S. Dollar added further support to bullion.
The overall trend remains bullish. On the 4H chart, price continues to respect the trendline and is holding above the pivot level of 5150.
A break above 5250 could open the door for further upside momentum. However, traders are watching for a bullish crossover of the 12 EMA above the 52 EMA to confirm stronger buying pressure.
Key Levels:
🔹 R1: 5250
🔹 R2: 5400
🔹 S1: 5050
🔹 S2: 4900
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