Demand Zone: Price bounced from a visible high-volume area (LuxAlgo Supply and Demand Range) marked in orange, indicating institutional buying interest.
Support Level: Holding above $3,223.028, the last significant swing low.
Bullish Targets:
First target: $3,321 – a key mid-range structure.
Second target: $3,414 – upper supply zone where price has reversed previously.
Volume Profile: Notice the thin volume between $3,230–$3,320, meaning less resistance for bulls in the short term.
Candle Behavior: Strong wick rejection signals buyer aggression at support.
Catalysts to Watch:
Upcoming US CPI and PPI data this week.
Dollar Index (DXY) rally – if it cools off, gold could surge.
Geopolitical tensions and inflation hedging may also drive demand.
Trade Idea (Not Financial Advice):
Entry: Current bounce or wait for break of $3,235
SL: Below $3,218 (invalidates demand zone)
TP1: $3,321
TP2: $3,414
Conclusion:
Gold might be setting up for a clean bullish move. Reclaiming $3,321 would be a key confirmation. Will bulls step in strong this week?
Let’s hear your thoughts in the comments! Are you buying this dip or waiting for confirmation?
Support Level: Holding above $3,223.028, the last significant swing low.
Bullish Targets:
First target: $3,321 – a key mid-range structure.
Second target: $3,414 – upper supply zone where price has reversed previously.
Volume Profile: Notice the thin volume between $3,230–$3,320, meaning less resistance for bulls in the short term.
Candle Behavior: Strong wick rejection signals buyer aggression at support.
Catalysts to Watch:
Upcoming US CPI and PPI data this week.
Dollar Index (DXY) rally – if it cools off, gold could surge.
Geopolitical tensions and inflation hedging may also drive demand.
Trade Idea (Not Financial Advice):
Entry: Current bounce or wait for break of $3,235
SL: Below $3,218 (invalidates demand zone)
TP1: $3,321
TP2: $3,414
Conclusion:
Gold might be setting up for a clean bullish move. Reclaiming $3,321 would be a key confirmation. Will bulls step in strong this week?
Let’s hear your thoughts in the comments! Are you buying this dip or waiting for confirmation?
Trade active
Xauusd have reach a certain level of 3,260 .00 level and is like to move u and hit TP 1 so be Patience while it takes the move 
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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.