Gold has been moving while crypto cools down, and the $XAU USDT pair is showing some interesting price action. After a recent shakeout, buyers stepped in and pushed the price back above 5,070, signaling a potential bullish recovery.
Key Technical Highlights
Strong Recovery: Gold bounced sharply after a liquidation move that bu XAUUSDT yers are defending key support levels.
Holding Above Short-Term MAs: Price remains above crucial moving averages, hinting that the bullish trend may continue.
Momentum Slowly Building: Indicators suggest buyers are gradually regaining control, but volatility could return if support breaks.
â ïž Critical Levels
Support: 5,000 â if price holds above this, bulls remain in control đ
Resistance / Watch: Break below 5,000 could trigger renewed volatility âĄ
đ€ Market Implications
Goldâs movement while crypto remains relatively quiet raises a question: are we entering a rotation season? Traders might shift focus from crypto to safe-haven assets like gold.
đ Your Take
Are you expecting a long continuation?
Or is this a fake breakout before a reversal?
Share your thoughts below and join the discussion! đ
