Gold is currently testing a demand zone around 3640–3650, which aligns well with moving average support. As long as this zone holds, price action favors a potential bounce toward the falling trendline and eventually the key resistance area near 3710. Short-term buyers may look for confirmation inside the demand zone before positioning, while a breakdown below 3614 would invalidate this setup.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Trade active
Good move as expected
Trade closed: target reached
Gold respected the 3640–3650 demand zone beautifully and gave a strong upside move toward 3710.
This highlights the importance of tracking demand zones and combining them with price action for high-probability setups.
Key Takeaway: Demand zones act like magnets – once price holds, sharp moves often follow. Traders who can identify these zones early always get the best reward-to-risk setups.
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Disclaimer
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Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
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.