Gold Bullish Setup | Demand Zone Rejection & Upside Potential📈 Bullish Setup:
The price recently touched a demand zone (orange box) and reacted upward.
A large blue arrow indicates an expectation for price to rise towards the target area (gray box).
📊 Technical Indicators:
200 EMA (red line) at 2,894.263: The price is hovering around this level, which could act as dynamic support.
Current Price: 2,897.660: Above the EMA, indicating a possible short-term bullish momentum.
Key Support: 2,889.708 (orange label): If price breaks below, bullish bias might weaken.
🚀 Potential Trade Idea:
Entry Zone: Around 2,895–2,897 (just above demand).
Target: 2,912 (upper resistance).
Stop Loss: Below 2,889.
