$XAU IS TRYING TO REBOUND $4,700 COULD BE NEXT
Guys, $XAU bounced strongly from the $4,300โ$4,330 support zone and is now trading around $4,477
If this support continues to hold, buyers could push price toward $4,500, then $4,600, with $4,700 as the major resistance.
But if $4,300 breaks, bullish momentum could weaken and a deeper pullback may follow.
For now, watch the support holding above $4,300 keeps the bullish scenario alive.
$SUI looking clean on the 4H. Just broke out of that descending channel and now we're back retesting it.
This is textbook stuff - breakout, retest, then continuation. If you missed the initial pop, this retest is your second chance.
Support holding so far. If it bounces here, could run hard. If it fails? Well, back into the channel we go.
Risk/reward looks decent at these levels.
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