XAU (Spot Gold) current price 4650, strong rebound intraday, resistance at high levels (intraday high 4650.15).



1. Key Price Levels (Current price 4650)

- Strong Resistance: 4650 (intraday high), 4680, 4730
- Strong Support: 4600 (breakout turns support), 4550, 4500 (double bottom)
- Status: Daily chart oscillating slightly bullish, 4H bullish, 1H overbought, short-term high-level oscillation, direction depends on breakout/breakdown

2. Bullish and Bearish Signals

✅ Bullish (Pullback and stabilization)

- Pullback to 4600–4610 without breaking → Bullish signal, target 4650→4680
- Valid breakout above 4650 and stabilization → Continue bullish, target 4680–4730

❌ Bearish (Resistance at high levels)

- 1H/4H RSI >80, bearish divergence → Short-term correction signal
- Break below 4600 → Bearish confirmation, target 4550, 4500

3. Direct Copy Trading Instructions

1) Buy on pullback preferred.

- Entry: 4605
- Stop Loss: 4580
- Take Profit 1: 4650
- Take Profit 2: 4680
- Valid Time: Same day

2) Breakout chase long (alternative)

- Entry: 4655
- Stop Loss: 4630
- Take Profit 1: 4680
- Take Profit 2: 4730
- Valid Time: Same day

3) Rebound short at high resistance

- Entry: 4645–4650
- Stop Loss: 4670
- Take Profit 1: 4600
- Take Profit 2: 4550
- Valid Time: Same day

4. Execution Notes

- Light position (≤10% of capital), strictly with stop loss;
- Watch 4650 for gain/loss: stabilization indicates bullish bias, breakdown indicates oscillating bearish;
- This Friday is Non-Farm Payroll, tonight’s volatility may increase, control position size.
Follow me to not miss good opportunities #Gate广场五月交易分享 $XAU
XAU2.54%
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