Can't find Xcode install for Metal compiler

worked for me! Thanks. (BigSur, m1 pro, 2020).
Steps:

  1. Install Unreal

  2. Install Xcode

  3. Run Xcode and accept a License

  4. Run Terminal and exec:

    sudo xcode-select -s /Applications/Xcode.app/Contents/Developer

  5. Run Unreal

  6. Create your awesome game and profit!

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