GOLD Approaching Key Buy Zone – Massive Bounce Incoming?

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Gold is currently testing a critical demand zone after a strong retracement from recent highs.

Key Highlights:

Strong Support Zone: Price is sitting right on the demand zone (highlighted in blue), which previously acted as resistance in April and flipped to support in early May.

Trendline Confluence: The ascending trendline from the March lows adds further strength to this zone.

Bullish Risk-to-Reward Setup: Risk is tightly defined below the zone, while the reward stretches back toward the 3,400+ region.

Candle Behavior: Recent candles show indecision (doji-like), hinting at potential exhaustion of sellers.


Trade Idea:

Buy Entry: Around 3,234

Stop Loss: Below 3,150 (just under trendline and demand zone)

Take Profit: 3,440 area (previous high)


This setup offers a solid R:R ratio and aligns with the overall uptrend structure.

Will Gold bounce or break? This level is make-or-break for bulls.

What do you think?

Are you going long or short on XAUUSD?

Do you trust this support zone?


Drop your thoughts below & like if this helped your analysis!

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