XAU (Gold) just broke out — and the setup is clean.
Falling wedge cracked. $4,475 resistance flipped to support. Price pushed above $4,500 as expected - then hit the EMA50 wall and closed at $4,493.
Here's what matters now:
→ Weekly close looks healthy
→ RSI is rising
→ MACD turning positive
→ Buyers are stepping in with conviction
Monday is the key session. If Gold opens strong and breaks above EMA50, I'm watching a 6% move toward $4,650.
Geopolitical tensions are still in play - expect volatility to stay elevated. Manage risk accordingly.
XAUUSDT
Perp
4,505.84
+0.18%