📊 MARKET UPDATE: GOLD / XAUUSD 📊
Gold is currently trading around the H4 + H1 support breakout zone near 4520, where the market is testing an important reaction area after the recent bearish pressure.
As long as price manages to hold above the 4450 support zone, buyers still have the opportunity to regain momentum and push the market higher.
A successful bullish reaction from the current zone could drive price back toward the next resistance area around 4550 – 4570.
If buyers manage to break and sustain above the 4570 resistance zone, it may open the path for further bullish continuation in the short term.