Gold Could Continue to Recover If It Holds Above 4610GoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: XAU/USD is currently trading around 4,630, after falling sharply to the 4,580–4,600 area in the previous session before recovering. The earlier downside pressure was driven by still-elevated U.S. inflation, which raised expectations that the Fed could maintain a tighter monetary policy stance. Markets are now focused on Fed Chair Kevin Warsh’s speech at Jackson Hole, which could trigger significant volatility in gold. 📉 Technical Analysis: • Key resistance: 4,640–4,650 / 4,665–4,680 • Nearest support: 4,615–4,605 / 4,595–4,580 • EMA 09: Price is moving around the EMA 09 on H1 → short-term trend is neutral, with a slight bullish bias if 4,615 holds. • Candlestick / Momentum: After the sharp decline, gold has seen buying pressure return from the 4,580–4,600 area. However, price has yet to break above 4,640–4,650, so bullish momentum has not been fully confirmed. Holding above 4,615 would help maintain the recovery structure. 📌 Outlook: Gold could continue rising in the short term if it holds above 4,615 and breaks through 4,650, with the next potential target around 4,665–4,680. Conversely, if 4,605 is broken, price could retest the 4,595–4,580 zone. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: 4,648–4,651 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,656 🔺 BUY XAU/USD at: 4,607–4,604 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,599