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I think $XAU is slowly building a strong base after reacting from the major support zone near $4300.
The market already showed a strong recovery from the buy zone, and now price is trying to reclaim higher resistance levels around $4800.
Buyers are still defending the structure, which keeps the bullish momentum alive.
If this breakout continues, I believe XAU could push toward the next major target near $5000+ in the coming weeks.
Right now, the chart looks like accumulation before another expansion move.#GateSquareMayTradingShare