Gold is holding up well after the recent move higher. Price dipped into the 4,960 area, grabbed liquidity, and buyers stepped in fast. That move didn’t last long and gold pushed back up strongly, taking back the intraday levels that were lost.
Since then, any pullback has been shallow. Sellers aren’t getting much follow-through and buyers are clearly absorbing the pressure. Price is now sitting just under recent highs and taking a pause rather than rolling over.
As long as gold stays above 4,960, the upside still makes sense to me.
I’m looking to buy on pullbacks between 5,000 and 5,027.
If it goes my way, I’ll be watching 5,045 first, then 5,080, and 5,120 as the next upside levels.
Stop is below 4,960.
XAUUSDT Perp is trading around 5,023, up just under 1% on the day.
Trade $XAU here 👇
XAUUSDT
دائم
5,014.09
+1.05%