XAU/USD is currently consolidating around the $4,700 level after recovering from the $4,500 area. Price action shows no clear directional bias as the market waits for a stronger breakout signal.

Momentum indicators remain neutral, with the 4-hour RSI hovering around the 50 mark, while MACD stays slightly negative but continues to contract, suggesting easing bearish pressure.

📉 Key Support Levels
Immediate support is seen at $4,640, which is currently holding price from further declines. A break below this level could trigger a move toward $4,500, with the next major support located near $4,350.

📈 Key Resistance Levels
On the upside, resistance is located at $4,750, followed by $4,880. A breakout above this zone could open the door toward the $5,040 level.
📊 Outlook

Gold remains range-bound, and traders are advised to wait for a confirmed breakout above resistance or below support for clearer direction.