The previous hypothesis played out as expected; we reached the upper margin move limit, where price action consolidated toward the end of the week. However, subsequent news regarding Iran caused the metal to open with a gap, immediately testing the next margin zone and the previous consolidation area.
At this juncture, further upside momentum requires a clean breakout above the current margin zone.
ONLY a confirmed breakout above this area will clear the path toward the next targets at 4390 and the local key option level located in the next margin zone (two-move extension): 4425-4435
