Gold Price Update – Clean & Clear ExplanationGold is trading in a clear bullish structure price has been respecting an ascending channel, forming higher highs and higher lows, which confirms that buyers are firmly in control of the market.
After a strong impulsive move to the upside, price faced profit-taking near the recent highs, followed by a healthy pullback. This retracement is holding above the previous breakout zone and rising trendline, indicating that bullish momentum remains intact and the move looks corrective rather than a trend reversal.
The grey zones on the chart highlight key demand and supply areas. Price is currently reacting positively from a strong demand zone, which aligns with the trendline support—this confluence strengthens the probability of another upside continuation.
As long as price holds above the support area around 4,288–4,278, buyers are expected to step in. A sustained hold above this zone could push price toward the first target near 4,332, and if bullish momentum continues, the second target around 4,357 becomes achievable.
Overall, this structure suggests buy-on-dip opportunities while price remains above the key support. A break and close below the demand zone would weaken the bullish outlook, but until then, the trend favours further upside continuation.
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