2-hour Spot Gold (XAU) Market Analysis

The current spot gold 2-hour cycle is generally on an upward trend, and it has been in a high-level consolidation phase over the past two trading days. The current resistance level is 4659.79, with support levels at 4628 and 4594.88. In the short term, high-level consolidation is expected to continue; a valid breakout above the 4660 resistance will extend the upward movement, while a break below 4628 will test support near 4600.