The current movement of XAUT/USDT seems to me more like a natural correction than the start of a bearish reversal. After the strong rally towards the 4,750 area, it was expected that we'd see some profit-taking and a cooling of momentum, which is pretty much what’s happening now.
The price is currently hovering around 4,699, and in my opinion, the zone between 4,670 and 4,680 is very crucial in the short term. As long as the price holds this level, the bullish trend still has a clear edge. However, if it breaks below weakly, we might see a quick drop to retest the 4,600 levels before any new attempt to push higher.
What I'm really watching is how the price interacts with the 4,710 level. Getting back above it and holding is not just a number on the chart; it’s a signal that buyers are still in control of the rhythm, and they might push the price for another attempt toward 4,750 or even higher.
But personally, I don't like to chase green candles after strong moves. The market offers better opportunities when things calm down and there’s a retest, not during over-exuberance. Right now, I still see the scale tipping towards buyers, but real confirmation will come from the price's ability to turn the current support into a solid base, not just a temporary bounce.
#ADPPayrollsSurge #marouan47 $XAUT $XAU