$XAU is doing exactly what strong markets do — no spikes, no panic, just steady pressure higher.
Price is grinding above the 5,000 handle and staying accepted there. On the 30-minute chart, structure is clean: higher lows, price holding above EMA 25/99, and momentum staying bid. This isn’t a blow-off move — it’s controlled continuation.
The key is the 4,980 support band. As long as price holds above it, bulls remain firmly in control and dips are getting absorbed quickly. Any real downside risk only shows up if we see a decisive loss of the EMA cluster and acceptance below support.
Trade Plan: LONG XAU
Entry: 4,985 – 5,005
TP1: 5,030
TP2: 5,065
TP3: 5,120
Stop Loss: 4,955
Next move to watch: acceptance above 5,030 would confirm continuation toward the higher targets. If price stalls there but holds structure, it’s likely just a pause before the next leg, not a reversal.
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