🟡 $GOLD ($XAU /USD) Analysis: Buying Opportunity at Major Support! 🚀

Gold is currently showing a very interesting setup on the 1H timeframe. After a period of consolidation, it is hovering near a crucial trendline and Fibonacci support zone.

📉 The Trade Setup:

The price is testing a significant support confluence. If the support holds, we could see a strong bounce towards the previous highs.

* Prime Buy Zone: 4884 - 4891 🟢

* Prime Resistance (Targets): 4932 - 4960 🎯

* Next Major Target: 5081+ 🚀

🔍 Key Observations:

* Support Confluence: The 61.8\% Fibonacci level (4,826) and the ascending trendline are providing a solid floor for the bulls.

* Bullish Structure: If the price breaks above the immediate descending resistance (blue curved line), the momentum will shift heavily to the upside.

* Risk Management: Always watch for a candle close below the support zone for a potential trend shift.

Are you longing Gold here or waiting for a deeper dip? Let me know in the comments! 👇

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