$XAU 🔥 GOLD (XAUUSD) – Market Update | 5 November

Gold is showing strong bullish momentum after a sharp recovery, currently trading around $4,130.

* Resistance: 4,145 – 4,150

* Support: 4,110 – 4,100

* Bullish: Break above 4,150 could push gold towards 4,175.

* Bearish: Rejection from 4,150 may trigger a pullback towards 4,100.

My View: Short-term bullish, but price is near resistance. Wait for confirmation before entering. Avoid chasing the move.
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