XAU (Gold) Update
$XAU is trading near 4,815 inside a symmetrical triangle, showing market indecision. The key level to watch is 4,787 - as long as price stays above it, the trend remains bullish, supported by the 50 EMA on the 4H chart.
Momentum is slightly weak as MACD turns negative, so a short dip toward 4,752 is possible.
If gold holds above 4,787, it can move toward 4,873. A breakout above this level can push price to 4,900 and even 5,045.
In short, 4,787 will decide the next move - above it is bullish, below it may bring a short pullback.
XAUUSDT
Trvl
4,720.53
+0.50%