$XAUT still looks bearish on higher timeframes. Price is struggling to maintain strength above the $4774 zone and sellers are continuously rejecting every small recovery.
If market loses the $4750 support, then a sharp move toward $4700–$4650 can happen very quickly. For now, smart traders are avoiding aggressive longs until a strong breakout above $4800 with volume confirmation appears.
Current structure favors bears, so patience is better than forcing entries in this market.
XAUT
--
--