$XAU Technical Outlook
XAUUSDT
Perp
4,923.51
-3.08%
Gold remains in a broader bullish structure, currently undergoing a healthy pullback after rejection near 5,000.
🔹 Price corrected from the 5,050–5,000 supply zone into strong demand around 4,780–4,820, where buyers stepped in
🔹 Volume spike on the drop suggests stop hunt & liquidity sweep
🔹 Current price (4,900) is attempting stabilization
Key Levels
Support: 4,780 – 4,820
Resistance: 4,950 – 5,000
Next upside: 5,080 – 5,120
Scenarios
Hold above 4,820 + reclaim 4,950 → continuation toward 5,000+
❌ Break below 4,780 → deeper pullback toward 4,720–4,650
📌 Bias: Bullish continuation while above demand
⚠️ Wait for confirmation near resistance