Gold (XAU/USD) : Bullish Setup with Key Demand Zone

🔹 Trend Line & Demand Zone 📈
* The trend line shows an upward trend. 🚀
* The demand zone 🟦 acts as strong support, where buyers are likely to step in.

🔹 Price Action 🔍
* Price is bouncing off the demand zone ➡️ Bullish Signal 📊🔥
* Higher lows forming, indicating potential upward momentum.

🔹 Trade Setup 🎯
✅ Entry Point: Near the demand zone 🟦
❌ Stop Loss: 🔽 3,099.26 (Below demand zone)
🎯 Target Point: ⬆️ 3,148.58 (Key resistance area)

🔹 Expected Movement 🏆
* A slight pullback 📉 before a strong push up 📈💪
* If price holds the demand zone, 🚀 potential rally ahead!

🔹 Risk-to-Reward Ratio ⚖️
* Favorable trade setup ✅ High reward, controlled risk 🎯

🔹 Final Verdict 🔥
📊 Bullish Bias ✅ As long as demand zone holds!
🚨 Warning: If price breaks below 3,099.26, expect further downside!

Trade closed: target reached

Note

📊 Gold Spot (XAU/USD) Analysis 📊

🟢 Demand Zone:
🟦 3,099 - 3,110 ➜ Strong buying area 🔥📈

🟠 Breakout & Retest:
🟦 3,125 - 3,130 ➜ Resistance flipped to support ✅💪

🎯 Target Hit:
🔵 3,148.58 ➜ Price reached the goal 🎯🚀

📉 Pullback in Play:
🔵 3,146.29 (DEMA) ➜ Testing support ⚠️

🔮 Next Moves:
🟢 Bullish ➜ Hold above 3,140 - 3,146 for another push up 🔼📈
🔴 Bearish ➜ Drop below 3,140 may send price to 3,125 - 3,099 🔽📉

Jameshead007

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Gold Spot (XAU/USD) Price Analysis – Key Zones & Potential Movem

by Jameshead007

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Jameshead007

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