📊 Gold ($XAU ) Market Update: 4H Chart Analysis

The XAU/USDT perpetual contract on Binance is showing some interesting moves:

- Current Price: 4,874.72 USDT

- 24h Range: High at 4,878.73 | Low at 4,444.00

- Volume: 551K XAU traded (~2.6B USDT)

🔎 Key Technicals:

- Short-term momentum is supported by MA(7) at 4,733.06 and EMA(7) at 4,780.78, both trending upward.

- Mid-range averages (MA(25) at 4,860.66 and EMA(25) at 4,868.42) are aligning closely with current price, suggesting consolidation.

- Long-term resistance is visible around MA(99) at 4,938.43 and Supertrend (10,3) at 4,929.84.

- Volume averages remain elevated, hinting at strong participation despite recent volatility.

⚡ Market Context:

After dipping to a recent low of 4,444.00, gold has rebounded sharply, testing resistance near 4,878. The peak at 5,625.34 remains a key level to watch. Sustained volume and tightening moving averages suggest a potential breakout zone forming.

📌 Takeaway:

Gold is consolidating just below resistance. Traders should watch for a decisive move above 4,930 to confirm bullish continuation, or a rejection that could retest support near 4,730.