XAU (Gold) Update
XAU opened with a bearish gap due to fragile Middle East peace talks and is now trading around 4,795.
On 4H chart, price is holding above EMA50, acting as strong dynamic support, along with the rising channel trendline.
Key level:
🔹️If price drops below 4,735, a deeper correction is likely toward 4,600 and 4,552.
🔹️If a 4H candle closes above 4,800, gold can recover toward 4,845 and possibly 4,900.
Direction:
🔹️Below 4,735 → Bearish
🔹️Above 4,800 → Bullish
XAUUSDT
Trvl
4,712.98
+0.02%