$XAU Gold (XAUUSDT Perp) is currently trading near $5100, showing signs of steady recovery after the strong drop toward the $4444 support zone. On the 4H timeframe, price structure is gradually shifting into a higher-low formation, indicating that buyers are slowly stepping back into the market. The ability of price to hold above the $5000 psychological level suggests that this zone is acting as a key accumulation area. If bullish momentum continues, the market could attempt to challenge the next resistance levels in the near term.
From a technical perspective, $5050–$5080 is the immediate support zone that bulls must defend to maintain the current upward momentum. On the upside, the first major resistance sits near $5165, followed by a stronger supply area around $5240–$5300. A clean breakout above these levels could open the door for a continuation toward $5400 in the mid-term. However, if price breaks below $5050, a corrective move toward $4950 or $4850 may occur before the next bullish attempt. Traders should closely watch these levels for the next directional move.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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XAUUSDT
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