XAUUSD is showing signs of bullish recovery after reacting from the discount zone and defending the recent weak low. Price has reclaimed an important intraday support area around the previous weekly low (PWL), suggesting buyers are attempting to regain short-term control.
The chart highlights a potential continuation toward the previous daily high (PDH) and the strong high near the premium area if bullish momentum remains intact. The equilibrium zone may act as a decision area where price could experience temporary consolidation or a minor pullback before continuation.
The demand zone above remains an important higher-timeframe resistance area. A clean break above the marked liquidity levels would strengthen the bullish structure, while rejection from equilibrium could delay further upside.
This analysis is based on current market structure, liquidity concepts, and key support and resistance zones. It is a personal technical view and not financial advice. Always wait for your own confirmation and apply proper risk management before making any trading decisions.
The chart highlights a potential continuation toward the previous daily high (PDH) and the strong high near the premium area if bullish momentum remains intact. The equilibrium zone may act as a decision area where price could experience temporary consolidation or a minor pullback before continuation.
The demand zone above remains an important higher-timeframe resistance area. A clean break above the marked liquidity levels would strengthen the bullish structure, while rejection from equilibrium could delay further upside.
This analysis is based on current market structure, liquidity concepts, and key support and resistance zones. It is a personal technical view and not financial advice. Always wait for your own confirmation and apply proper risk management before making any trading decisions.
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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.
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.