$XAU just completed a strong impulsive leg from the 4,670 region into the 4,850 highs, followed by a controlled pullback and tight sideways compression instead of a deep retrace. That behavior signals trend continuation structure, not exhaustion. Sellers attempted a rejection near the recent swing high, but the candle immediately found bids and held the mid-range, showing demand is still active on dips.
Price is now forming a shallow higher-low base around 4,800–4,820 while volatility contracts. This type of consolidation after expansion usually precedes another push if the base holds. Momentum hasn’t broken structure — it’s cooling, not reversing — which favors continuation toward the liquidity sitting above the prior high.
Trade Setup
Long Entry: 4,800 – 4,830
Target 1: 4,900
Target 2: 4,965
Target 3: 5,010
Stop Loss: 4,740
As long as $XAU holds above the 4,740 support shelf, buyers maintain control and breakout pressure remains intact. A clean reclaim of 4,900 opens the path for acceleration toward the psychological 5,000 zone.
#GoldSilverRebound #VitalikSells