$XAU Holds the $5,000 Line – Breakout or Fakeout?
Gold $XAU continues to show impressive resilience, maintaining its position above the psychologically critical $5,000 mark. As the U.S. Dollar softens and Treasury yields retreat, the appetite for non-yielding assets is heating up.
Here is the breakdown of the current market structure:
Support Zone: $5,000
Resistance Zone: $5,080 – $5,100
Market Sentiment: Range-bound / Neutral-Bullish
Why the Pause?
Traders are clearly moving into "wait-and-see" mode. With major U.S. economic data releases (NFP and CPI) on the horizon, the market is bracing for the next volatility injection. A break above $5,100 could signal a fresh leg up, while a daily close below $5,000 might invite a deeper correction.
Trading Strategy
For Bulls: Look for a clean breakout and 4H candle close above $5,100 to confirm momentum.
For Bears: Watch for signs of exhaustion near the resistance zone or a breakdown of the $4,980 short-term support.
What’s your move? Do you think Gold will blast past $5,100 this week, or are we headed back to the $4,800s? Let me know in the comments!
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