XAUUSD BULLISH OR TRAP (READ CAPTION)Hi traders what do you think about gold
Gold (XAUUSD) is currently showing a bullish structure, as price is holding above key support levels and forming higher-low patterns. Buyers are active near the lower zones, indicating strength for potential upside continuation.
🔹 Support: 4200
This is the primary support level where buyers previously reacted strongly.
As long as price stays above 4200, the bullish bias remains intact.
🔹 Second Support: 4191
This level represents strong secondary support and a deeper retracement area.
If the market pulls back to 4191, buyers are expected to re-enter and push the market upward.
🔹 Resistance Zone: 4220
This is the near-term resistance where market may slow down or face minor rejection.
A clean breakout above 4220 will confirm bullish continuation.
🔹 Supply Zone: 4240
This is the main upside target.
If price breaks above 4220, the next stop is the 4240 supply zone, where sellers may attempt to react.
A strong breakout above 4240 can shift Gold into a larger bullish trend.
📈 Market Outlook
Holding above 4200 & 4191 → Strong bullish continuation probability
Break above 4220 → Opens the path toward 4240 supply
4240 zone will decide next major move (either rejection or breakout continuation)
The overall structure supports a bullish pullback + continuation setup for upward momentum.
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