Gold defended the historical psychological level of $5,000 after its largest drop in a single session in over a decade, quickly recovering from the crash and confirming strong demand for the dip.
Price action suggests structural support backed by sustained institutional and central accumulation, limiting the volatility of the dip. As long as $5,000 holds in the higher timeframes, the bias remains bullish towards $5,400–$5,600.
A clean break below will open the field towards deeper liquidity pockets, but the current structure favors continuation.
$XAU

XAUUSDT
Perp
4,866.62
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