$XAU is showing a stronger recovery structure after breaking back above the key moving averages. Current price is around 4,356, and as long as buyers keep defending the higher support zone, the long setup looks better than a short.
Bias: Long on pullback
Entry zone: 4,342 to 4,352
Stop: below 4,333
TP1: 4,358 to 4,365
TP2: 4,380 to 4,400
TP3: 4,430 to 4,450 if momentum continues
The key area for me is 4,346 to 4,333. If gold pulls back and holds that zone, buyers still look in control. If it loses 4,333 with strong selling, I’d cancel the long idea because that would show the breakout is starting to weaken.
Bias: Long on pullback
Entry zone: 4,342 to 4,352
Stop: below 4,333
TP1: 4,358 to 4,365
TP2: 4,380 to 4,400
TP3: 4,430 to 4,450 if momentum continues
The key area for me is 4,346 to 4,333. If gold pulls back and holds that zone, buyers still look in control. If it loses 4,333 with strong selling, I’d cancel the long idea because that would show the breakout is starting to weaken.