Long

Gold — First target reached, what's next?

🚀The bullish scenario continues to play out almost exactly as expected.

🏆Previously:

Price respected the bearish confirmation area, reclaimed the dynamic structure, and pushed directly back into the Fibonacci golden retracement zone. This reaction confirms that buyers are still defending the market and momentum is gradually shifting in their favor.

Now Gold is testing one of the most important resistance areas on the chart.

If buyers manage to hold above the 4495 - 4505 region and turn it into support, the next bullish objectives can be found around:

• 4530 - 4545 (golden retracement resistance)
• 4580 - 4595 (major supply zone and previous high area)

As long as price remains above the reclaimed structure, pullbacks can be considered healthy corrections rather than trend reversals.

The first bullish target has already been reached.

Now the market is approaching the real test.

Let's see if buyers have enough fuel left for the next leg higher.

TheZimpact

🥇“The Z impact” trading team is here to help new traders with technical analytics and fundamentals.

⚜️Mostly trading indicators

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TheZimpact

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Gold — The battle zone

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