$XAU Gold gapped up at 4495 today. It rallied to 4522 in the early trading session before pulling back, moving sideways within the range of 4490 to 4530. The daily candlestick formed a long lower wick, signalling a clear short-term bottom. The price trades steadily higher intraday, with bulls and bears battling around the 4500 level.
Key Intraday Levels
Resistance
R1: 4520-4535 (Intraday high / Near-term strong resistance)
R2: 4550 (Bull-bear watershed / Major resistance)
Support
S1: 4480-4490 (Early session low / Bull defense level)
S2: 4450-4460 (Rebound consolidation level / Trend line support)
S3: 4360-4365 (Strong support / Yesterday's low)
Trading Strategy
Buy 4480 - 4490
SL 4470
TP 4520 - 4530 - 4550
Sell 4530 - 4550
SL 4565
TP 4490 - 4480 - 4460
XAUUSDT
Perp
4,573.22
+1.51%