XAU/USD (Gold) (4h-1h)

XAU/USD (Gold) on the 4-hour and 1-hour timeframes. Price is currently in an impulsive wave targeting the 2,650-2,660 region, with a 1.618 Fibonacci extension at 2,647.617 suggesting a potential peak.

Key elements:

POC (4H) at 2,581.633 and 2,516.272 (1H) act as major support levels.
Demand zone around 2,485.190 indicates strong buying interest if prices retrace.
Wyckoff accumulation suggests the market is in a markup phase, supported by institutional activity.
Invalidation point at 2,672.644 indicates the structure would need reassessment if exceeded.
Overall, the setup favors a continued upward move unless critical support levels or trendlines are broken.