đ Gold (XAUUSD) âAnalysis
Gold faced rejection from the marked selling area after a strong bullish impulse. Price is currently pulling back, which looks like a healthy correction within an overall bullish structure.
đŽ Selling Area:
The upper zone acted as resistance, causing a short-term pullback from highs $4,855.3 - $4,883.9.
đą Buying Area:
The highlighted buying area below is a key zone to watch. A reaction from this level may offer potential buying opportunities $4,681.6 - $4,710.1.
đą Strong Buying Area:
This lower demand zone remains valid and strong. As long as price holds above this area $4,595.2 - $4,649.4, the broader bullish bias stays intact.
đ Overall View:
Bullish bias remains valid above the buying zones. Pullbacks toward demand areas may be used for buying, while a clear break below them would weaken the bullish outlook.
â ïž This is only technical analysis. Always manage risk and do your own research.#goldupdates #goldanalysis #binancefeed @TRADE_INSIGHTS