Long

XAUUSD 45M – Buy Setup From Demand Zone Toward Major Resistance

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Gold is currently trading inside a well-defined range after rejecting the recent intraday high near the 4,760 resistance zone. Price has pulled back into a strong demand area around 4,665–4,680, where buyers previously stepped in aggressively.

The structure still favors bullish continuation as long as the demand zone holds. A sweep/retest of this area could provide liquidity before the next expansion move higher.

Key Levels
Demand Zone: 4,665 – 4,680
Intermediate Resistance: 4,750 – 4,765
Bullish Target: 4,850 – 4,865
Trade Idea
Wait for bullish confirmation from the demand zone.
A successful defense of support may trigger a move back into resistance.
Break and hold above 4,765 could open the path toward the higher target zone around 4,850+.
Invalidation

A sustained move below the demand zone would weaken the bullish outlook and could shift momentum bearish in the short term.

Bias: Bullish
Timeframe: 45 Minutes
Instrument: XAUUSD (Gold)

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