$XAU is starting to show renewed bullish momentum again…

Gold respected the support zone perfectly, with buyers stepping in aggressively and driving price back up in a strong reaction.

Right now, the market is consolidating in a narrow range just under key resistance. This kind of price compression often signals that a larger move is building up.

If buyers manage to break through this resistance level, gold could quickly push higher toward the 4,950 – 5,000 area next.

Overall momentum is gradually shifting back in favor of buyers, and the structure is hinting that another strong bullish rally may be starting to form.

#GOLD

$XAU

XAU
XAUUSDT
4,546.85
+1.04%