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$XAU IS TESTING A SUPPORT THAT CHINA IS BUYING BEHIND THE SCENES 💎
Entry: 4,017 🔥
Target: 4,100 🚀
Stop loss: 3,973 ⚠️
Gold is trading at $4,017 after falling from January highs at $5,600, but something bigger is happening beneath the surface. China has quietly bought 48 tonnes of gold in May through the London OTC market—about 5 times their officially stated figure. Their biggest monthly purchase in more than a year.
This is a structural demand from a major central bank diversifying its reserves away from the dollar. The 4-hour RSI is recovering from a bearish oversold condition, and support at $4,000 remains steady. Are you ready to buy at this level, or waiting for a clear breakout above $4,100 first?
Not financial advice. Always manage your risk.
#XAU #Gold #Commodities #LongSetup #Breakout
💎