XAUUSD TECHNICAL UPDATE šš”
ā¢ $Gold is maintaining a bullish market structure on higher timeframes
ā¢ Price is currently consolidating after an impulsive move up
ā¢ Recent pullbacks are showing healthy correction, not weakness
ā¢ Buyers are active near the demand zone, defending structure
Key Levels to Watch:
ā¢ Support: Previous demand / higher low zone
ā¢ Resistance: Recent swing high / liquidity zone
ā¢ A break and close above resistance could trigger continuation
ā¢ A loss of support may lead to deeper retracement before next move
Bias:
Bullish above support ā ļø
Neutral if price remains range-bound
Bearish only on clean structure break
Outlook:
Gold remains attractive as a safe-haven asset. Patience is key ā wait for confirmation at major levels before entering trades.
#XAUUSD #GoldAnalysis #ForexTrading #PriceAction #MarketStructure #Goldupdate