$XAU is compressing after a sharp sweep down to 4,598 and a quick rebound into the 4,605–4,608 zone. This tight range after a wick often sets up the next clean push.

Market Read:

$XAU is chopping inside a clear intraday box. The low at 4,598 was followed by a bounce and a spike toward 4,616. Price is now holding above the 4,600 handle, showing liquidity has been taken on both sides and the market is deciding direction. A break above 4,616 can trigger fast momentum, while a drop below 4,600 could continue the sweep lower.

Entry Point:

EP 4,602 – 4,606

Current balance zone. Only long if it holds and price keeps rejecting below 4,600.

Targets:

🎯 TP1: 4,616

🎯 TP2: 4,627

🎯 TP3: 4,640

TP1 is the local high. TP2 is the next intraday supply. TP3 is the momentum extension if breakout volume comes in.

Stop Loss:

SL 4,596 — below the 4,598 low invalidates the setup.

Why This Works:

Holding above 4,600 keeps buyers in control, making the range a launchpad. A push above 4,616 can trigger breakout continuation and squeeze late sellers. The structure hints at accumulation as dips are quickly bought.

Click this to trade $XAU

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