CHINA IS BUYING GOLD AT NEARLY 5X THE OFFICIAL RATE —
$XAU UNDER $4,100? 🔍
Gold is consolidating near $4,017 after months of correction from the $5,600 highs. The 4‑hour RSI has climbed from 42.68 to 48.20 — the same oversold bounce that preceded a 2% squeeze in June. Meanwhile, China quietly added 48 tonnes via the London OTC market in May, 4.8x the official figure, according to Goldman Sachs estimates.
That structural demand creates a floor, but the 200‑day MA sits $500 above price. Price needs to clear $4,100 to confirm a reversal. Are you waiting for a break above $4,100 or buying the dip here?
Not financial advice. Always manage your risk.
#XAU #Gold #Accumulation #TechnicalAnalysis #MomentumShift 🎯