GOLD $XAU Support Reaction | Bullish Recovery Setup
Gold price reacted strongly from the weekly low support zone after a sharp bearish move. Current price action shows signs of recovery while holding above key demand support.
If buyers maintain momentum, price may continue higher toward the marked resistance and target zones.
- Weekly Low Support: 4,482
- Current Support Zone: 4,500 – 4,520
- Resistance Zone: 4,760 – 4,790
- Mid Resistance: 4,709
- Bullish Target: 4,888
- Invalidation: Below weekly low
BIAS: Bullish above support
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