💵 XAU Intraday Market Structure Analysis (2025.08.04)
Gold has currently broken through and stood above the intraday short-term key resistance near 3354. Attention should be paid to the testing of the main resistance range between 3400-3420. The calculated upper limit for intraday rise is around 3472.
If there is a pullback in the evening, attention should be paid to the two positions at 3354-3335. If it retraces without breaking, one can consider continuing to build long positions, with the second support point at 3309-3290. If it closes below 3354 in the evening, there may be a possibility of a range consolidation between 3354-3290.
If the short-term key support near 3290 is broken down, attention should be paid to testing the main support area in the range of 3245-3225, with the calculated lower limit for intraday drop being around 3172.
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