๐ Gold (XAUUSD) โ Analysis
Gold is currently reacting around key supply and demand zones. Price is showing consolidation near the possible selling area, while the lower zones continue to act as strong support.
๐ขBuying Areas: $4,552.3 - $4,562.8
๐ขBuying Areas: $4,536.1 - $4,545.8
๐ขStrong Demand Zone: $4,503.2 - $4,509.6
๐ดSelling Zone: $4,607.9 - $4,617.9
๐ Market Structure:
Overall structure remains bullish as long as price stays above the strong demand zone. Pullbacks into buying zones may offer better risk-reward buying opportunities.
๐ Note:
Yesterdayโs marked zones are still valid and in play, so keep an eye on them for future reactions.
โ ๏ธ This is only technical analysis. Always manage your risk before entering any trade.
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