Gold is showing strong bullish structure on the 2-hour timeframe after rejecting a key demand zone around $3,296. Price has respected this area multiple times, confirming active buyer interest. Momentum is building for a potential breakout toward the $3,480 region.
Adding to the technical confluence, the latest COT report shows increased long positions by institutional traders, signaling smart money accumulation. This supports the bullish bias and adds confidence to the upward projection.
Trade Setup:
• Demand Zone: $3,280 – $3,296
• Target: $3,480
• Stop-loss: Below $3,275
• Bias: Bullish while price holds above demand zone
• Confluence: Institutional buying pressure (COT report)
Watching for a strong bullish candle to confirm continuation. Clean risk/reward and solid fundamentals behind the move.
Adding to the technical confluence, the latest COT report shows increased long positions by institutional traders, signaling smart money accumulation. This supports the bullish bias and adds confidence to the upward projection.
Trade Setup:
• Demand Zone: $3,280 – $3,296
• Target: $3,480
• Stop-loss: Below $3,275
• Bias: Bullish while price holds above demand zone
• Confluence: Institutional buying pressure (COT report)
Watching for a strong bullish candle to confirm continuation. Clean risk/reward and solid fundamentals behind the move.
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