XAUUSD 4900 Denied… But Not Done Yet!GoldOANDA:XAUUSDGoldviewfxHey Everyone, We’ve been tracking this Daily chart idea from the channel floor, following a strong continuation move through key levels. The Ema5 cross and lock above 4587 confirmed the opening of the upside, targeting the 4900 gap. Over the past two weeks, price pushed higher toward that objective but ultimately fell just short by a few pips. Importantly, the gap remains unfilled, and this week we’ve seen a rejection from the upper boundary. Key Levels & Structure Resistance: 4900 (unfilled gap target) Support: 4487 (range floor) Price is now developing within a broader daily range between 4587 and 4900, and this range is expected to remain in play for the near term. Current Market Behaviour Rejection from near 4900 suggests supply remains active at the highs No confirmed breakdown yet, so structure still favours range conditions The unfilled gap continues to act as a magnet longer-term Trading Approach We will shift focus to the lower timeframes: 1H and 4H charts to identify Goldturns and entry confirmation and Look to buy dips from intraday support levels within the broader range We will stay reactive to price behaviour rather than anticipating breakouts prematurely We’ll return on Sunday with a full multi-timeframe chart breakdown and trading plan for the week ahead. Have a great weekend. Mr Gold