​🚨 $XAU REBOUNDS FROM $4,306! RETESTING MA RESISTANCE UPWARD? 🚀
​$XAU (Gold) staged a strong recovery after bouncing off its 24h low of 4,306.02, currently climbing back to 4,363.33 (-1.33%).
​⚠️ Technical Analysis & Key Factors:
​Bullish Reversal Candle: Price formed a sharp green rejection candle on the 1H timeframe, reclaiming the 1H MA7 (4,336.73) and 1H MA25 (4,355.95).
​MACD Bullish Crossover: The 1H MACD turned positive (4.06) with green momentum bars expanding, signaling fresh short-term buying strength.
​Approaching Overhead Resistance: 4H MA25 (4,389.19) and 1H MA99 (4,392.43) stand as key resistance zones for the bulls to clear next.
​🎯 Long Setup Scenario (Trade Plan):
​Entry Zone: 4,345.00 – 4,360.00 (On minor consolidation)
​Target 1 (TP1): 4,388.00 (4H MA25 Resistance Zone)
​Target 2 (TP2): 4,415.00 (Previous Breakdown Level)
​Target 3 (TP3): 4,432.00 (24h High Retest)
​Stop Loss (SL): 4,318.00 (Below local support base)
​🚨 Disclaimer: Gold futures can be highly volatile near major moving average resistances. Manage your leverage and use tight stop losses!
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​What’s your perspective on $XAU?