XAUUSD XAUUSD Market Overview
After facing continuous selling pressure from the upper resistance region near 4900, XAUUSD has gradually declined toward a major support zone. The highlighted reaction points on the chart show repeated buying interest whenever price enters this demand region. Current price action suggests a potential liquidity sweep and accumulation phase before a bullish recovery. If buyers successfully defend support, the market could begin pushing higher toward the descending trendline and nearby resistance levels.
Bullish Scenario 🚀
🎯 Target 1: 4520
🎯 Target 2: 4720
🎯 Target 3: 4900
A sustained hold above the demand zone may attract fresh buying momentum and support a move toward the dynamic supply trendline, with further upside possible if resistance levels are broken.
Current Levels to Watch
Resistance 🔴: 4520 → 4720 → 4900
Support 🟢: 4360 → 4420
⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice. Please conduct your own research before trading
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Selena LIVE Market Capture
And LIVE Gold Signals here
t.me/Selenaforex
And LIVE Gold Signals here
t.me/Selenaforex
Related publications
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.