Gold Continues to Recover, Targeting the 4,180 ZoneGoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: XAU/USD is currently trading around 4,135 USD/oz, up approximately 75.50 USD, or 1.85%, during the November 5, 2026 session. Gold continues to recover strongly after moving back above the psychological 4,000 USD/oz level. The main drivers are a weaker US dollar following the US midterm election results, while the yield on 10-year US Treasury bonds has declined to around 4.87%, supporting the appeal of gold. Meanwhile, the market is awaiting the US Nonfarm Payrolls report on November 6 to assess the Fed's monetary policy outlook. However, the probability of a Fed rate hike in December is currently priced at around 82%, which could put pressure on gold if expectations for further monetary tightening continue to rise. 📉 Technical Analysis: Key Resistance Levels: Resistance 1: 4,160–4,170 USD. Resistance 2: 4,185–4,200 USD. Nearest Support Levels: Support : 4,110–4,120 USD. EMA 09: There is currently insufficient reliable chart data to confirm the exact position of EMA 09. However, price remains above the MA20, suggesting that the short-term recovery trend is still dominant. The MA50 is currently around 4,153 USD, an important level to monitor when assessing the strength of the bullish momentum. Candlestick Patterns / Volume / Momentum: Recent sessions have seen buying pressure return strongly following the sharp decline in late October. Consecutive gains over the past two sessions indicate that recovery momentum is strengthening. However, profit-taking pressure may emerge as price approaches the 4,160–4,170 resistance zone. Trading volume and candlestick reactions at this level should be monitored to confirm a potential breakout. 📌 Outlook: Gold maintains a short-term bullish bias as long as it holds above the 4,130 USD zone. If buying pressure remains strong and price successfully breaks above 4,160–4,170 USD, XAU/USD could advance toward 4,185–4,200 USD. Conversely, if gold fails to break through resistance and strong selling pressure emerges, price could pull back toward 4,135–4,145 USD before establishing its next direction. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: 4,167–4,170 🎯 TP: 40/80/200/300 pips ❌ SL: 4,175 🔺 BUY XAU/USD at: 4,120–4,117 🎯 TP: 40/80/200/300 pips ❌ SL: 4,112