Demand Zone Rejection Confirmed (3,297.18 – 3,307.00)
Price recently tapped into a key demand zone (highlighted in orange), and we saw a strong bullish rejection. Buyers stepped in aggressively after a fakeout below 3,297, indicating possible accumulation.
📉 This area has acted as a historical support, and bulls are clearly defending it again.
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🟦 Supply Zone in Focus (3,375.00 – 3,390.00)
If this momentum continues, I'm eyeing the next major resistance/supply zone up near 3,380–3,390. This is where price sharply sold off previously, so I’ll be watching closely for reaction or breakout.
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📊 Key Levels to Watch:
🟢 Support: 3,297.18 (Strong demand)
🔵 Resistance: 3,356.03, 3,380.00
📍 Current Price: 3,329.26
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📅 Upcoming Events:
⚡️ Volatility alert approaching — watch out for market-moving U.S. news.
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✅ Trade Idea:
If bullish momentum holds above 3,310 and confirms support, I’ll look for long entries targeting the supply zone.
Stop below 3,297 | TP near 3,375–3,390
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💬 What do you think? Will gold break through the supply zone or reject again?
Drop your thoughts or setups below! 👇👇
🔔 Follow for more real-time chart breakdowns.
#XAUUSD #Gold #PriceAction #SupplyDemand #SmartMoney #Forex #TradingView
Price recently tapped into a key demand zone (highlighted in orange), and we saw a strong bullish rejection. Buyers stepped in aggressively after a fakeout below 3,297, indicating possible accumulation.
📉 This area has acted as a historical support, and bulls are clearly defending it again.
---
🟦 Supply Zone in Focus (3,375.00 – 3,390.00)
If this momentum continues, I'm eyeing the next major resistance/supply zone up near 3,380–3,390. This is where price sharply sold off previously, so I’ll be watching closely for reaction or breakout.
---
📊 Key Levels to Watch:
🟢 Support: 3,297.18 (Strong demand)
🔵 Resistance: 3,356.03, 3,380.00
📍 Current Price: 3,329.26
---
📅 Upcoming Events:
⚡️ Volatility alert approaching — watch out for market-moving U.S. news.
---
✅ Trade Idea:
If bullish momentum holds above 3,310 and confirms support, I’ll look for long entries targeting the supply zone.
Stop below 3,297 | TP near 3,375–3,390
---
💬 What do you think? Will gold break through the supply zone or reject again?
Drop your thoughts or setups below! 👇👇
🔔 Follow for more real-time chart breakdowns.
#XAUUSD #Gold #PriceAction #SupplyDemand #SmartMoney #Forex #TradingView
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✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.