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$XAU Gold bulls are still holding on stubbornly; this area may be worth watching for a long opportunity.
The entry zone is roughly around 4099.6 to 4120.2. The upside targets to watch are 4308.7 to 4467.7, with support/defense set at 3976.6.
But take note of the risk: currently the OI data is falling, indicating that near-term momentum is weaker, and there may be a deeper pullback that tests the support below. Also keep an eye on $TLM and $SKHYNIX.
Everyone, please don’t get carried away and go all-in; control your position size according to your account and leave some room.