$XAU is attempting a recovery after bouncing strongly from the 4,508 support zone, but momentum is starting to slow near 4,678 as sellers begin defending resistance levels.



The structure still favors short-term recovery, although confirmation is missing for a full trend reversal.

Key levels to watch:

• Support: 4,650–4,657
• Resistance: 4,700–4,735

Bullish scenario:
Holding above 4,650 while reclaiming 4,700 could open the path toward a retest of 4,735 and potentially higher continuation.

Bearish scenario:
Failure to maintain 4,650 would weaken the recovery structure and increase the probability of revisiting 4,600–4,550 support territory.

Current outlook:
Trend = Recovery phase
Momentum = Neutral
Best approach = patience. Waiting for either a confirmed breakout above resistance or a healthier pullback remains the safer strategy instead of chasing price action inside this sideways range.
#TrumpVisitsChinaMay13
XAU1.69%
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