XAUUSDT (Perp) – Gold at a Key Breakout Zone 🔥
$XAU XAUUSDT is trading near 5,057 on the 4H timeframe, showing steady recovery after forming a strong base around 4,444. The structure is shifting bullish with higher lows, indicating buyers are gradually gaining control. Price is now consolidating below the 5,120 resistance, a critical level that could decide the next directional move. A strong 4H close above this zone may trigger momentum toward 5,165 – 5,240, with extended upside potential toward 5,425 if volume supports the breakout.
On the downside, 4,904 remains immediate support. Holding above this level keeps bullish continuation intact. A breakdown below it may lead to a deeper pullback into the 4,644 – 4,444 strong demand zone. Traders should watch for volume confirmation and rejection wicks near resistance to avoid fakeouts. Gold is currently at a decision point — breakout traders and pullback buyers both have high-probability setups forming.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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