🟡 GOLD: Bulls Are Taking Control
$XAUT is showing strong bullish momentum, trading around $4,645 after breaking above the $4,520 area. Price is holding well above the key EMAs, keeping the daily structure bullish.
📈 Key levels:
• Resistance: $4,660–$4,700
• Support: $4,520
• Strong support: $4,400
If Gold breaks and holds above $4,700, the next move could be toward $4,850–$5,000.
My take: Momentum is clearly bullish, but after this sharp move, a pullback toward $4,520 would be healthy before another push higher.
#Gold #XAUUSD #GoldTrading #Trading #Markets
$XAUT is showing strong bullish momentum, trading around $4,645 after breaking above the $4,520 area. Price is holding well above the key EMAs, keeping the daily structure bullish.
📈 Key levels:
• Resistance: $4,660–$4,700
• Support: $4,520
• Strong support: $4,400
If Gold breaks and holds above $4,700, the next move could be toward $4,850–$5,000.
My take: Momentum is clearly bullish, but after this sharp move, a pullback toward $4,520 would be healthy before another push higher.
#Gold #XAUUSD #GoldTrading #Trading #Markets
