📊 GOLD ($XAU USD) – Daily Market Update
🔻 Daily Bias:
Gold remains bearish as long as price stays below 5023.
⏸️ Market Structure:
The market is currently choppy and range-bound.
📍 Range: 4981 – 5040
➡️ Best approach is to wait. Only scalp trades are suitable inside the range.
🔽 Sell Scenario (M15):
If price gives a strong M15 candle close below 4981, momentum will shift to sell.
Downside Targets:
4967
4952
4937
If M15 candle body closes below 4937, price may move toward:
➡️ 4920 – 4905
Extended Supports:
4877
4854
4840
4813 – 4804
🔼 Buy Scenario:
For bullish momentum, price must close above 5040.
Upside Targets:
5048
5055
5072
5083
If 5083 is broken:
➡️ 5088 → 5100 → 5120 → 5135
⚠️ Note:
Market is in a range — avoid aggressive entries.
Trade only with confirmation and proper risk management.
📌 Personal analysis — Not Financial Advice (NFA)
#gold #market #trade #Binance #XAU
