Gold Spot (XAU/USD) Price Analysis – Key Zones & Potential Movem🔵 Key Price Levels:
Current price: 🟠 $3,130.99
DEMA (9): 🔵 $3,138.21
Target price: 🎯 $3,174.92
📌 Zones Identified:
🟢 Demand Zone (Support) ⬇️: Strong buying interest, potential bounce area. If price falls here, buyers may step in.
🟡 RBR Zone (Rally-Base-Rally) 🔄: A mid-level area where price could consolidate before moving up.
🔴 Supply Zone (Resistance) ⬆️: Sellers might emerge, causing a reversal or slowdown in price movement.
📈 Potential Price Action:
🔹 Scenario 1 (Bullish 🐂): A retrace to the RBR Zone 🟡 could lead to a bounce 📈 toward the Target 🎯 at $3,174.92.
🔹 Scenario 2 (Bearish 🐻): If price drops below the Demand Zone 🟢, it may signal a trend reversal 📉.
🔹 Breakout Confirmation: If price breaks above the Supply Zone 🔴, it may continue rallying 🚀 toward the target point.