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#GateSquareMayTradingShare Besides NFP, investors will also monitor the ongoing developments in US–Iran negotiations, especially related to nuclear issues and the opening of the Strait of Hormuz, which are expected to remain a primary source of global market volatility in the short term.
Technically, the nearest support level for gold prices is in the range of $4,660 to $4,633, while the nearest resistance is at $4,739 to $4,791. If selling pressure increases, deeper support is seen at $4,554, while medium-term resistance is around $4,870.