$XAU 🟡 Gold Rebound — Nearly 5% Weekly Gain
Gold ($XAU /USD) has staged a powerful rebound, gaining more than 5% this week and reaching a three-month high. Spot gold climbed around 5.6% weekly to ~$4,624/oz, while futures settled near $4,680.
📊 Technical outlook
Trend: Bullish — price has reclaimed the 200-day moving average near $4,513.
Resistance: $4,630 → $4,700
Next upside: A sustained break above $4,700 could open the way toward $4,800–$4,900.
Support: $4,550 → $4,510, followed by $4,450.
Key catalyst: A weaker U.S. dollar, Treasury-market concerns and shifting rate expectations are supporting safe-haven demand.
Bottom line: Momentum currently favors the bulls, but after a ~5% weekly jump, a short-term pullback toward $4,550–$4,510 would be normal. Holding the 200-day average keeps the broader rebound intact.
#XAU #GOLD #GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop #levelsabovemagical
$XAU
Gold ($XAU /USD) has staged a powerful rebound, gaining more than 5% this week and reaching a three-month high. Spot gold climbed around 5.6% weekly to ~$4,624/oz, while futures settled near $4,680.
📊 Technical outlook
Trend: Bullish — price has reclaimed the 200-day moving average near $4,513.
Resistance: $4,630 → $4,700
Next upside: A sustained break above $4,700 could open the way toward $4,800–$4,900.
Support: $4,550 → $4,510, followed by $4,450.
Key catalyst: A weaker U.S. dollar, Treasury-market concerns and shifting rate expectations are supporting safe-haven demand.
Bottom line: Momentum currently favors the bulls, but after a ~5% weekly jump, a short-term pullback toward $4,550–$4,510 would be normal. Holding the 200-day average keeps the broader rebound intact.
#XAU #GOLD #GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop #levelsabovemagical
$XAU
Bullish
Bearish
11 Stunde(n) übrig