๐ก $XAU /USD (GOLD) โ TECHNICAL READ
Gold is trading around $4,964, showing renewed bullish momentum after a recovery phase. Price structure remains constructive, with multiple technical signals aligning in favor of buyers in the short term.
On the 4H chart, Gold has printed a Three White Soldiers pattern between $4,937 โ $5,080, a classic bullish continuation signal. Momentum is building:
MACD rising in positive territory โ strengthening bullish pressure.
RSI (~56) climbing โ room for further upside before overbought.
MFI rising โ fresh liquidity flowing into Gold.
VWAP & SMA 20 below price โ trend still tilted bullish.
Bias: Short-term bullish while above $5,052.
Key Levels to Watch:
๐ Resistance: 5,107 โ 5,153 โ 5,208 โ 5,266 โ 5,320 โ 5,370 โ 5,426 โ 5,490
๐ Support: 5,052 โ 4,996 โ 4,937 โ 4,881 โ 4,821 โ 4,760 โ 4,701 โ 4,645
Scenario View:
If Gold holds above $5,107, expect continued upside momentum.
If it loses $5,052, a deeper pullback toward $4,996 โ $4,937 becomes likely.
Overall, Gold remains supported by macro uncertainty and strong technical structure, but traders should stay alert around key levels.
