📊 Market overview
XAUUSD has successfully broken the key resistance level at 4760, with strong bullish momentum remaining. The price is in a consolidation phase after the breakout, maintaining the structure of higher lows and higher highs, and the uptrend is obvious.
XAUUSD has successfully broken the key resistance level at 4760, with strong bullish momentum remaining. The price is in a consolidation phase after the breakout, maintaining the structure of higher lows and higher highs, and the uptrend is obvious.
🎯 Key levels
Resistance areas: 4760-4780 (near-term supply zone), 4800-4830 (key resistance)
Support areas: 4680-4700 (major support), 4650 (critical demand area)
📈 Technical forecasts
The four-hour and daily charts are showing a bullish structure, with no signs of a trend reversal. The RSI and MACD confirm the upward momentum, and pullbacks are considered healthy adjustments rather than a trend reversal.
💡 Trading strategy
1. Buy on the dip: Enter at 4680-4700, stop loss below 4640, target 4760+
2. Avoid chasing highs. Focus on opportunities for decline
🔍 Summary
The uptrend has been confirmed, with fundamentals and technicals aligned. Maintain the main trend, focus on the support at 4680-4700, and target the 4800+ resistance area.
