Gold Spot / U.S. Dollar
Long
Updated

XAUUSD | GOLD | BUY SETUP (2H)...

708
🥇 XAUUSD | GOLD | BUY SETUP (2H)

📍 Entry Zone: 4018 – 4028

🎯 Profit Targets:

TP1: 4080 ✅
TP2: 4130 ✅
TP3: 4165 ✅

🛑 Risk Control:
3990 (Below the recent demand/support zone)

📊 Market Analysis

Gold is showing signs of recovery after reacting strongly from a key demand zone around 3990. The current rebound suggests buyers are attempting to reclaim short-term momentum. A sustained move above 4030–4050 would strengthen the bullish case and increase the probability of a continuation toward 4080 and the higher resistance area near 4130. The broader trend remains under a descending trendline, so confirmation above resistance is important before expecting an extended rally.

This outlook becomes less favorable if price breaks back below the 3990 support zone.
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