You already know my opinion — under normal conditions, gold shouldn’t be trading in this zone.
Even though Israel approved the first phase of the Gaza deal, gold only made a small correction, not a strong bearish move.

The drop from 4058 to 3945 was likely driven by retail traders, not the big players.

Bullish Scenario:
Gold is now sitting at a critical zone.
If the price holds above 3945, the chances for an upward move are higher.
Potential targets are 4000, 4050, 4075, and 4100.

Bearish Scenario:
If gold breaks below 3945, it could open the way for a decline toward 3895 and 3825.
However, this seems unlikely for now since the price didn’t fall further yesterday, even when most traders expected it to.

️The big buyers who created the bullish move haven’t started selling yet.
If a bearish wave does begin, it will likely happen when no one expects it — just like every previous bullish rally that started without news or clear reasons.

️Be careful during the opening of the U.S trading session. It was at that time that Gold declined yesterday.

You may find more details in the chart!
Thank you and Good Luck!

️PS: Please support with a like or comment if you find this analysis useful for your trading day️