$XAU (Gold) – 30M Resistance Rejection Setup
Price is respecting the ascending trendline but facing strong supply at the resistance zone, suggesting a possible pullback toward lower support before the next move.
Key Levels:
Resistance: 4880 – 4900
First Support / Target: 4765 – 4785
Major Support / Target: 4680 – 4700
Bullish structure remains valid above the trendline, however rejection at resistance may lead to a short-term retracement. Wait for confirmation and manage risk.
XAUUSDT
Perp
5,049.95
+0.26%