XAU/USDT (Gold) is pushing HIGHS! 📈🔥
Price: $4,948.80
24h Change: +5.93%
Key Observations:
· RSI(5) at 72.15 → approaching overbought on short timeframe.
· Approaching key resistance near $4,996 (24h high).
· Volume is high, but below recent MA levels—suggests momentum may be cooling.
What’s Next?
· Bullish Break: Clear $5,000 could target $5,160–$5,420 zone.
· Pullback Scenario: Rejection here may retest support near $4,640–$4,740.
Trade Plan Idea (Aggressive Long on Dip):
· Entry Zone: $4,820–$4,880
· SL: Below $4,740
· TP1: $4,996
· TP2: $5,164
Are you going LONG above $5K or SHORTING the overbought bounce? 👇
XAUUSDT
Perp
4,969.4
-1.84%
Trade with a plan. This is not financial advice.
Drop your analysis & level below to engage and earn! 🏆