$XAU — deep correction absorbed, structure looking ready to re-expand.

Long Gold ( XAU )

Entry: 4860 – 4920

SL: 4700

TP1: 5050

TP2: 5250

TP3: 5500

After a sharp ~700-point correction, $XAU is starting to stabilize around a key demand zone. Selling pressure has clearly cooled off, with price holding instead of accelerating lower — a sign of absorption rather than panic distribution. Structure remains intact on the higher timeframe, and this pullback looks corrective within a broader bullish trend. As long as demand continues to defend this area, a fresh impulsive leg higher is the base case.

Trade $XAU

XAUUSDT

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