XAUUSD has reacted strongly from a key demand zone after sweeping liquidity below recent lows, signaling potential buyer interest at a critical support level. The current price action suggests a bullish reversal scenario as the market attempts to reclaim higher levels within the established range.
A successful hold above the demand zone could trigger a move toward the nearby resistance area around 4,560–4,590. The projected path indicates a short-term retracement followed by continuation higher, offering a favorable risk-to-reward opportunity for bullish traders.
📈 Bullish Bias: Above Demand Zone
🎯 Target Zone: 4,560 – 4,590
🛑 Invalidation: Sustained break below support
💡 Strategy: Wait for confirmation and bullish price action before entry.
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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.