$XAU MARKET UPDATE
Gold posted a strong bullish breakout today, gaining nearly 2% and reclaiming the 4,080 level. Momentum remains bullish, but price is now consolidating below the 4,110–4,115 resistance.
📍 Support: 4,070–4,080
📍 Resistance: 4,110–4,115
Although technical indicators still show a Sell bias, price action is stronger than the indicators. Avoid chasing the rally—wait for confirmation or a healthy pullback before entering.
Gold posted a strong bullish breakout today, gaining nearly 2% and reclaiming the 4,080 level. Momentum remains bullish, but price is now consolidating below the 4,110–4,115 resistance.
📍 Support: 4,070–4,080
📍 Resistance: 4,110–4,115
Although technical indicators still show a Sell bias, price action is stronger than the indicators. Avoid chasing the rally—wait for confirmation or a healthy pullback before entering.