The price may grow.

On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 formed. Now, the correctional wave iv of 3 has ended, the wave v of 3 is developing, and the correctional second wave of the lower level (ii) of v has ended. If the assumption is correct, the pair XAU/USD will grow to the area of 3800.00–4000.00. In this scenario, critical stop loss level is 3241.00.

The XAU/USD pair corrected to 3346.00 amid the de-escalation of the Iran-Israel conflict and a decline in investor interest in shelter assets.

On the four-hour chart, the XAU/USD pair corrected upwards to 3331.15 (61.8% retracement), but was unable to break above it: from this point, a downward trend is likely to develop with a target of 3263.00 (100.0% retracement). 

The XAU/USD pair is showing a fairly noticeable decline in the area of 3355.00, despite the fact that the instrument started trading with a minor "bullish" gap.

The XAU/USD pair is holding below the all-time high of 3500.0 amid the escalation of the Iran-Israel conflict, preparing to return to its usual recent upward dynamics after the White House called on the Islamic Republic authorities to abandon steps to enrich uranium.