r/u_Excellent-Text6871

Gold (XAUUSD) on the 30m chart is showing a short term recovery after a sharp drop, forming a rising channel. Buyers are slowly stepping in, but price is approaching a key resistance zone where selling pressure was seen earlier. Momentum looks positive for now, but not very strong.

Resistance levels 4,770 to 4,785, next 4,800

Support levels 4,740 to 4,720, below that 4,680

If price breaks and holds above 4,785, we could see a push toward 4,800 plus.

But if it gets rejected here, a pullback toward 4,720 is likely before the next move.

Get more information -https://chat.whatsapp.com/IL12cYUlFFh6QV5yRXyxj6

Price is ranging between 4,780 – 4,830 with slight bullish pressure (higher lows).

Key Levels

Resistance: 4,830 – 4,850, then 4,889

Support: 4,780, then 4,736

Outlook

Break above 4,830 → bullish move toward 4,889+

Break below 4,780 → drop toward 4,736

Overall: Range market — wait for breakout, avoid mid-zone trades