🟡 XAU/USDT Technical Analysis: Gold Regaining Ground Above $5,000
After a volatile week, Gold ($XAU ) is showing signs of stabilization. Let’s break down the current 4-hour chart setup and what to expect next.
📊 The Technical Setup
Looking at the Bollinger Bands (BOLL) and recent price action:
Price Action
Gold found strong support at the $4,880.15 level after a sharp correction. We are currently seeing a steady recovery, with the price trading around $5,036.52.
Bollinger Bands
The price is currently hovering just above the Middle Band (MB: 5,026.07). This is a crucial "pivot" zone—staying above this middle line suggests the short-term momentum is shifting back to the bulls.
Volatility
The bands are beginning to narrow slightly after the massive $4,880 drop, indicating that the market is entering a consolidation phase as traders wait for the next catalyst.
📈 Key Levels to Watch
Resistance
The immediate target for buyers is the Upper Band (UP) at $5,126.07. A clean break above the recent high of $5,122.69 would signal a continuation toward the $5,200 region.
Support
On the downside, the $5,000 psychological level remains the primary floor. Below that, the Lower Band (DN) at $4,926.07 serves as the next line of defense.
💡 Market Sentiment
The cooling of US inflation data has provided a tailwind for Gold, easing pressure on yields. While the 24h trend shows a modest +0.70% gain, the market is in a "wait and see" mode. As long as XAU holds above the $5,026 middle band, the path of least resistance appears to be sideways-to-up.
What’s your move? Are you Long or Short on Gold this weekend? 👇
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