XAUNOW | Gold Corrects to 4130 After 4205 Rally, More Bullish?

Alright guys, quick update on Gold.
Price is currently trading around 4135 after the pullback from the 4205 high.
This shows the short-term correction is still in play while the overall trend has turned bullish. A bit more downside toward discount zones remains possible before we look for stabilization.
The main supply zones to watch are the 4195 to 4205 area, which already triggered a reaction earlier, and the next strong supply at 4220.
On the demand side, 4115 is the key level. As long as price holds above it, the bullish structure stays valid and we can start looking for buy setups in proper discount zones.
Buying in premium zones is not favored right now.

Make sure to follow this analysis closely because I’ll be posting fresh Gold updates here every single day. Let’s track it step by step.

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Alright guys, quick update on Gold.
Price came back exactly to the key 4115 demand zone we called out yesterday and then rallied strongly up to 4181.
This was a clean and powerful reaction at the important level and delivered a very attractive move with around 700 pips.
The overall bullish bias stays intact. Now the 4195 to 4215 area is the next supply zone to watch for potential sell setups with a proper trigger.
Even with the bullish view on gold, this zone could offer good short opportunities if price reaches it.
Stay patient and let price confirm the next move.