Post #7915

XAU/USD ANALYSIS ✨ Gold prices surged nearly $150 in the US session, recovering most of the previous week's losses. After reaching a high of $4381, the price pulled back. The rebound was driven by safe-haven demand, but it's uncertain whether the bull market will restart. The market is likely entering a phase of high volatility. From a technical standpoint, gold's strong comeback recovered all losses, with the daily line closing near its high. There's significant pressure near $4380 on the daily level, so it's essential to be cautious about chasing the rise. The four-hour support is near $4280, and if the price falls below this level, it may drop to $4250-$4230. The recommended trading strategy for gold is to short on rallies and buy on pullbacks. The short-term focus is on the $4375-$4385 resistance area, and if the price rebounds to this range and fails to break through, it may face downward pressure. Support levels to watch are $4330-$4320 and $4300-$4280.