xau/usd

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xau/usdGOLD (US$/OZ)TVC:GOLDsmohdyusuf66XAU/USD is showing signs of a short-term bullish recovery on the 15-minute timeframe after finding strong support near the 4,136 level. The chart highlights a sharp rejection from the demand zone, followed by an impulsive bullish candle that pushed price back above 4,160. This reaction suggests that buyers are stepping in aggressively and attempting to regain control of the market. The current trade setup indicates a long position with an entry around 4,164.79, a stop loss at 4,173.45, and a support reference near 4,136.03. Price is now approaching a key resistance area between 4,181 and 4,186, marked by the blue supply zone. A break and close above this resistance could open the door for further upside momentum toward higher intraday targets. Market structure is improving as higher lows begin to form, but traders should remain cautious around resistance. If buyers maintain momentum and volume increases, gold could continue its recovery. Overall, the short-term outlook remains bullish while price holds above the 4,136 support zone.