$XAU Gold (XAUUSDT Perp) is currently trading around $5100, showing signs of bullish recovery after a deep correction that pushed price down toward the $4444 support zone. On the 4H timeframe, the market structure has shifted from a sharp bearish impulse into a gradual higher-low formation, indicating that buyers are slowly regaining control. The recent consolidation above the $5000 psychological level suggests strong accumulation, while the rising price channel hints that momentum could continue building if buyers maintain pressure.
$XAU From a technical perspective, $5080–$5050 is acting as an immediate support zone where buyers have stepped in multiple times. As long as price holds above this region, the bullish bias remains intact. On the upside, the key resistance lies near $5165, followed by the stronger supply zone around $5240–$5300. A decisive breakout above these levels could trigger momentum buying and potentially open the path toward $5400+ in the mid-term. However, if price loses $5050, we could see a retracement toward $4950 or even $4850, where stronger liquidity sits.
$XAU Overall, the chart suggests that Gold is in a recovery phase with bullish potential, but traders should watch the $5000 support and $5165 resistance carefully for the next directional confirmation. A breakout from this range will likely determine the next major trend for XAUUSDT.
Key Trading Levels
Support:
• $5050
• $4950
• $4850
Resistance:
• $5165
• $5240
• $5300
📊 Market Bias: Bullish above $5050
⚠️ Invalidation: Break below $4950
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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