XAUUSD – Technical Overview Price Action Gold is currently trading around 4721, showing sideways consolidation after a recent pullback from highs near 4840. Price is holding above the rising trendline, indicating underlying strength. Trend Analysis The overall structure remains bullish, supported by a clear uptrend line. However, short-term momentum has slowed, forming a consolidation zone between key levels. Key Levels Resistance: 4730 – 4760, then 4800 – 4840 Support: 4695 – 4660 then 4600 Outlook As long as price holds above 4680–4700 zone, bullish bias remains intact. A breakout above 4760 could resume the upward move, while a break below support may lead to deeper correction. Strategy Buy on dips near 4680–4700 Breakout buy above 4760 Maintain caution due to consolidation phase #XAU/USD# #Fed# #Signal#