Gold (XAU/USD) is currently evolving in a bullish recovery structure after a correction, with the price around 4,776. Following a strong upward impulse observed on the 8th, the market entered a healthy retracement phase, respecting key technical levels (notably around the 0.618 and 0.786 Fibonacci levels), which indicates a correction rather than a reversal. Since the 9th, buyers have gradually regained control, forming higher lows and confirming a bullish structure.
The price is now approaching an intermediate resistance zone around 4,800, which aligns with a previous reaction area. A clear breakout above this level could open the way toward the major liquidity zone around 4,840–4,850, representing the next logical target.
On the other hand, a rejection below 4,800 could lead to a pullback toward supports at 4,740 and then 4,720. Overall, the bias remains bullish as long as support levels hold, with a strong probability of continuation if resistance is broken.