
XAUUSD HAD A CRAZY WEEK!
Gold started strong with safe haven buying, but sellers took control after hawkish Fed signals, rising bond yields and a stronger USD pressured prices.
Right now gold is stuck between
Geopolitical tensions supporting buyers
Strong dollar and higher yields pressuring sellers
Key levels:
Resistance: 4780-4850
Support : 4630-4475
If bulls reclaim Resistance we could see another push towards 4900+
But if support breaks a deeper correction may hit fast.
Personally this feels more like consolidation before a massive move rather than a full trend reversal.
What's your next target for gold ?