VIP MARKET UPDATE: $XAU
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$XAU has just opened the new session holding above the ascending trendline and reclaiming the $5,000 area after last week’s pullback.
The market is currently compressing below the $5,100 resistance, with price stabilizing around $5,020–$5,040. As long as gold holds above the rising support, structure remains constructive and another test of the $5,100 highs becomes likely.
A loss of the trendline would weaken momentum and expose the $4,950 zone again.
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— Binance Killers®
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