🚀
$XAU has confirmed a strong rebound after successfully retesting the key support zone between 3,900 and 4,000. Price is now trading above support and developing an ascending channel, signaling improving bullish momentum.
Current Price: 4,102.74
Entry Zone: 4,000 to 4,100
Target 1: 4,200
Target 2: 4,500
Stop Loss: Below 3,900
If buyers maintain control above the support zone, the move toward the first resistance at 4,600 becomes increasingly likely, with 4,900 as the next major upside target.
Trade with disciplined risk management and appropriate position sizing when trading perpetual futures.
#XAU