🚀 $XAU is testing major support—are we ready for a trend reversal? 📈

⚡ Trade Setup

Entry: $4,980 - $4,995

TP1: $5,043 (Recent 24h High)

TP2: $5,100 (Major resistance zone)

TP3: $5,183 (Previous swing high)

Stop Loss (SL): $4,950 (Below recent 4H low)

🧠 Logic:

The 4H chart for $XAU USDT shows Gold is currently in a Consolidation Phase after a sharp decline from the 5,183 peak. We are seeing a Support Hold near the 4,966 level. Interestingly, while the price has been moving sideways/down, the MACD has bottomed out and is starting to show a bullish convergence, suggesting that selling momentum is fading and a "Double Bottom" recovery could be forming.

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