📊 Gold (XAUUSD) – ANALYSIS
Gold is showing strong bullish momentum and has pushed back above the 5000 level. Buyers are clearly stepping in, and price is respecting the marked demand zones.
Apology:
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🟢 Buying Possibility Zone: $4,965.1_$4,977.6
🟢 Buying Possibility Zone:
This area is acting as short-term support. Pullbacks into this zone may offer potential buying opportunities with confirmation from $4,907.7_$4,941.5.
🟢 Strong Demand Area:
The lower demand zone remains strong and valid. As long as price holds above this area $4,853.9_$4,891.6, the overall bullish bias remains intact.
📌 Overall View:
Bullish bias remains valid above the demand areas. Pullbacks may provide better risk-reward entries, while continuation above recent highs could lead to further upside.
⚠️ This is only technical analysis. Always manage your risk before entering any trade.
#XAUUSD #TechnicalAnalysis #SupplyAndDemand #BullishMarket #TradingLife @TRADE_INSIGHTS
