XAUUSD Potential Up movement in the short-term

The XAU/USD market has demonstrated resilience at the 2,620 support level, with multiple tests resulting in rejections and the formation of long-tailed bars, indicating buyer intervention. This area functions as a swap zone where buying momentum has reasserted itself. On the daily chart, the price briefly dipped below the prior daily low, capturing liquidity before rebounding. Notably, the price remains within the previous week's range, oscillating between its upper and lower boundaries. The inability to breach the 2,620 support level suggests that buyers may aim to challenge the resistance zone near 2,679