$XAU is currently trading around $4,981, maintaining strength above the $4,957 daily low after tapping a high of $5,023. Price is consolidating just below the psychological $5,000 level — a major resistance zone. The structure shows higher lows on lower timeframes, indicating buyers are absorbing selling pressure. A strong push above $5,000 could trigger momentum toward fresh highs.

Trade Setup (LONG)

Entry: $4,970 – $4,990

Stop Loss: $4,950

Take Profit Targets:

🎯 T1: $5,010

🎯 T2: $5,023

🎯 T3: $5,040

As long as $XAU holds above $4,950, bullish momentum remains intact. A confirmed breakout above $5,000 may attract strong buying pressure toward $5,040 and beyond. However, failure to hold support could trigger a short-term pullback before continuation.

Gold is trading near a key psychological level — volatility expansion is likely. Manage risk carefully.

Buy and trade here on $XAU

XAU
XAUUSDT
5,123.1
+0.17%

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