Gold has shown incredible resilience today. After a brief dip toward the support zone, buyers immediately stepped in, confirming that the structural demand remains rock-solid. We are not looking for a reversal; we are tracking a bullish continuation as the metal builds strength for its next major leg up.
The path of least resistance is currently to the upside. As long as we hold above the current support and the ascending triangle line, the bulls remain in full control.
📊 Trading Signal: XAU/USD (Gold)
Direction: Long (Bullish Continuation) 📈
Strategy: Buy on Dip / Support Confirmation
Entry Zone: $5,000 - $5,020 (Key Demand Zone)
Target (TP1): $5,110 (Main Resistance / Supply Zone)
Target (TP2): $5,150 (Renewed Expansion)
Stop Loss (SL): $4,960 (Below Support & Triangle Line)
🔍 Technical Insight
The next key objective is the 5,110 Resistance Zone. This area aligns with previous supply and is the final "boss" before a massive breakout. A clean daily close above 5,110 will open the doors for a rapid move toward higher levels.
Invalidation: A decisive breakdown and acceptance below the support zone would invalidate this setup and signal a shift back to bearish pressure.
Always manage your risk. The market structure favors the buyers—let's see if the momentum carries us to the target! 📈💪
