$XAU May be setting up for one final liquidity flush before a stronger move higher.

Key downside levels: $3,800, $3,700, and a possible cycle-low zone around $3,555–$3,600. The bigger target remains $5,000, with prior traps at $4,700 and $4,155 already cleared this pullback may build the base for the next bull run.

Current XAU/USD is trading $3,900, close to the $3,885–$3,904 support zone cited in recent analysis.

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