XAU/USD Weekly Outlook | Break or Reject at 4700?GoldOANDA:XAUUSDazgoldtrader Gold is currently sitting just below key resistance at 4700. Immediate support sits at 4612, in line with MA50, which may also provide dynamic support. A confirmed break above key resistance at 4700 will open 4784 and 4878 (our long-term targets). On the downside, if the immediate support and MA50 fail to hold, we will watch the pullback zone for reaction. Failure to hold here may open the lower support zones. 📌Key levels to watch: Resistance: 4700 4784 4878 Support: 4612 4523 4425 4352 4263 👉 Let key levels guide your decision-wait for confirmation.