đ„ XAU/USD is trading in a sideways consolidation around the $4,700 zone after recovering from the $4,500 area. Market momentum remains neutral as RSI hovers near 50, while MACD stays slightly negative but shows signs of weakening downside pressure.
đ Gold is currently ranging with no clear directional bias, as buyers defend the $4,640 support level while upside remains capped near recent highs.
đŒ Immediate resistance is seen at $4,750, followed by $4,880, with a break above opening room toward $5,040.
đœ On the downside, support is at $4,640, with further weakness exposing $4,500 and $4,350.
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