XAU (Gold) Update
$Gold recovered and closed above 4,700, but volatility remains high after recent geopolitical news, with price retesting the 4,675 area. Overall structure is still forming inside a broad arc pattern, setting the stage for the next major move.
Key levels to watch:
If Gold breaks and holds above 4,800, it could trigger a strong rally toward 4,900, with potential extension toward 5,000.
If Gold drops below 4,640, downside pressure may open toward 4,460 and 4,400, with risk of a deeper bearish correction if structure breaks further.
4,800 remains the breakout zone for bullish continuation, while 4,640 is the critical support level for maintaining current structure.
XAUUSDT
Perp
4,582.62
-2.69%