$XAU /USDT (Tether-Gold / USDT) is trading near mid-$4,800s with notable intraday volatility.
After a major correction from all-time highs (~record above $5,500), metals markets are adjusting with mixed sentiment.
đ Technical Perspective
Bullish elements
Many chart contributors still see higher-low structure + demand zones around 4,800â4,650, suitable for buy the dip entries.
Some TradingView setups project continuation targets into 5,000â5,300+ if bullish momentum returns.
Medium-longer term trend still generally skewed up with support from macro buyers and safe-haven flows.
Bearish / Range pressure
Failure to reclaim key nearby highs risks sideways or corrective movement, especially if price stays below the 4,880â4,920 region.
Short-term RSI/structure shows choppy behavior, suggesting no clean breakout yet.
đ Key Levels to Watch
Upside resistance:
âą ~4,900â5,000 (psychological/resistance cluster)
Support zones:
âą ~4,800 â short term support
âą ~4,650 â deeper demand area
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