📉 XAU/USD (Gold) Analysis – 1H Timeframe
Gold is currently pulling back after a strong bullish move. The chart highlights two important Buying Areas that may act as support if price continues to drop.
Buying Area :
This is a key demand zone. If price reaches this area and shows bullish rejection, buyers may step back in $4,179.1-$4,200.3.
🔹 Buying Area :
This is a deeper demand zone. If the market falls further, this level may create a stronger bounce $4,129.8-$4,136.7.
📌 Overall View:
Gold is still in bullish momentum, and buying opportunities may form again if the price retraces into either of the marked zones.
⚠️ This is only technical analysis. Always do your own research before trading.
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