XAUUSD Update

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Gold is trading near $4,930, bouncing after a two-day decline as dip buyers stepped in. Price is now approaching a major breakout zone, with volatility expected ahead of FOMC minutes, GDP & PCE data.

🔑 Key Levels

• Resistance: 4,960 / 5,000

• Support: 4,880 / 4,820

📌 Market Bias

• Above 5,000 → bullish expansion

• Below 4,820 → deeper correction risk

• Above 4,880 → neutral to bullish

Trading Plan

Best strategy is to wait for confirmation near key levels and avoid chasing moves ahead of major data.

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XAUUSD Update


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