$XAU Bullish Momentum: ✅✅

💫Gold has shown a strong recovery today after bouncing off the $ 4,272 lows last week. It has reclaimed the $ 4,350 – $ 4,360 support zone, which is a very positive sign for buyers.

💫Key Resistance Nearby: The price is currently testing the $ 4,418 – $ 4,425 area. This is a "resistance" zone where sellers often step in. If the price can close firmly above $4,425, it could head toward $4,450 or even $4,550.

💫Risk Factors: Some analysts are warning of a "double top" or exhaustion at these levels. There is also geopolitical volatility (specifically news regarding Venezuela and the US) that is keeping the market "jittery."

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XAU
XAUUSDT
4,971.06
+3.98%

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