$XAU Gold (XAU) recently pushed into the 5094 resistance zone, where strong selling pressure entered the market, triggering a corrective pullback toward the 4698–4700 demand region. This area acted as a high-probability accumulation zone, leading to a steady recovery and bullish structure shift on the 4H timeframe.
$XAU Price is currently consolidating around 4980–4990, forming a tight range after the bounce. This consolidation suggests buyers are defending the trend, while volatility compression hints at a potential breakout move soon.
📌 Key Levels to Watch
Immediate Support: 4890 – 4840
Major Support: 4700 – 4440 (trend invalidation zone)
Immediate Resistance: 5050
Major Resistance: 5120 – 5270
📈 Bullish Scenario:
A strong 4H close above 5050 can trigger a continuation toward 5120 and 5270, with momentum expansion expected.
📉 Bearish Scenario:
Failure to hold 4890 may send price back toward 4700 demand, where buyers are likely to defend aggressively.
💡 Market Bias: Bullish while holding above 4890
⚠️ Wait for confirmation and manage risk — Gold is building for its next directional move.
Not Financial Advice)
Disclaimer: I am not your financial advisor.
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