XAUUSD LONG · COMMODITIES

Gold CFD (XAU/USD) – 5M Analysis Price is currently at 4,472.940 (−1.45%), forming a descending wedge after a sharp sell-off from 15:00. This is a potential bullish reversal pattern. Key Levels: Resistance / Target 1: PDL 4,488.239 Entry zone: 4,466 – 4,473 (pink zone) Invalidation: break below 4,466.899 Scenario: Watching for a bullish breakout from the wedge toward PDL (4,488) and potentially 4,496. Price is at a decision point between the support (pink) and resistance (teal) zones. Caution: MA Ribbon (EMA 9, 21, SMA 50, EMA 200) remains in bearish alignment — this is a counter-trend setup. Wait for confirmation before entering.