XAU Holds Near $5,100 After Sharp Rally – What's Next?

Gold stays elevated after a powerful surge, consolidating just under the $5,100 mark. Traders are watching key support and resistance zones to see where price heads next.

⬤ Gold shot up from below $4,900 to around $5,100 in the latest session, showing strong buying pressure with minimal pullbacks along the way

⬤ Immediate support sits at $5,080, $5,058, and $5,020 – levels where price briefly paused during the climb before pushing higher again

⬤ Resistance is positioned near $5,095, $5,111, and $5,130, with gold currently testing these levels as it consolidates near session highs

Gold Price Analysis: XAU/USD Eyes 5,200 Target After 4,930 Pullback

Gold holds its uptrend on the 4-hour chart. A brief dip toward 4,930 could set up another push toward the 5,200 resistance level.

⬤ The tight price action near resistance suggests the market is absorbing recent gains rather than reversing, with a break above these levels potentially signaling further upside ahead

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Dmitri Lysenko E-mail

FX strategist and commodities analyst covering USD cycles, energy-linked currencies, and tactical hedging.