$XAU quick update

Waiting for the weekly closing

The weekly #GOLD chart shows price currently trading around the $4,330–$4,380 zone, sitting just below a marked swing high level. The chart outlines two possible scenarios:

Bullish Path:
If price holds current momentum, it may push upward toward Target-6 around $4,544 and potentially extend into the higher resistance zone near $4,886–$5,013. if the monthly candle close above Target - 6

Bearish Path:
Failure to sustain above the swing high zone could lead to a pullback, targeting lower support blocks around $4,108 and $4,018, with deeper downside possible toward the broader demand region marked for Target-5.

Overall, the chart highlights a key decision zone where gold may either continue its uptrend or retrace toward major support levels.