Baby Zone: post #55718 — TG.ME

In the daily chart, XAU/USD trades at $4,325.48. The metal holds a constructive near-term bias as it trades above the 21-day and 50-day simple moving averages (SMAs) at roughly $4,096.91 and $4,149.68, while still capped beneath the 100-day SMA at $4,388.87 and the 200-day SMA at $4,496.46. The alignment of shorter SMAs below price and longer SMAs above suggests gold is staging a recovery within a broader consolidation, with the Relative Strength Index (14) hovering in bullish territory near 63.7, hinting at firm but not yet overbought upside momentum. On the topside, immediate resistance emerges at the 100-day SMA around $4,388.87, with the 200-day SMA near $4,496.46 acting as the next key barrier if buyers extend the advance. On the downside, initial support is seen at the 50-day SMA at $4,149.68, followed by the 21-day SMA near $4,096.91, where a break lower would suggest that the current rebound is losing traction and could invite a deeper correction