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$XAU is currently trading inside a corrective bearish structure after facing strong rejection from the 4,773 resistance region. The 15M chart shows sellers maintaining control while price consolidates near 4,717 after sweeping lows around 4,710. Despite the pullback, gold remains highly reactive with volatility increasing across the metals market.
📊 Support Zones:
• 4,710
• 4,704
🚧 Resistance Zones:
• 4,742
• 4,773
🎯 Next Targets:
• Bullish recovery target: 4,760 → 4,780
• Bearish continuation target: 4,700
As long as price stays above 4,710, buyers still have a chance to reclaim momentum. A breakout above 4,742 could trigger aggressive upside continuation toward previous highs.
$XAU