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$XAUT is still trading inside a short-term compression range after the sharp rejection from 4720.
Price swept liquidity near 4663 and reacted aggressively, but follow-through buying remains limited for now. On the 1H chart, market structure is still neutral with both sides getting trapped inside the range.
Current area around 4680–4690 is acting as intraday equilibrium.
As long as price stays above 4663, there’s still room for another push toward 4705–4720 liquidity.
If buyers fail to reclaim momentum and volume fades below the moving averages, another revisit of lower support becomes likely.
Key levels:
Support: 4663
Resistance: 4705 → 4720
Invalidation for short-term bullish continuation: sustained acceptance below 4663