Today on Gold: XAUUSD
Reasons for Buy Bias:
1️⃣ Support Zone Around 2854 - 2856
• Price has reached a key support level and is showing rejection wicks, indicating buyers may step in.
2️⃣ Oversold Pullback Potential
• After a strong drop, price may need a retracement before deciding the next major move.
3️⃣ Bullish Wick Rejections on Lower Timeframes
• If price holds above 2854, we could see a bounce toward 2862 - 2870.
1️⃣ Support Zone Around 2854 - 2856
• Price has reached a key support level and is showing rejection wicks, indicating buyers may step in.
2️⃣ Oversold Pullback Potential
• After a strong drop, price may need a retracement before deciding the next major move.
3️⃣ Bullish Wick Rejections on Lower Timeframes
• If price holds above 2854, we could see a bounce toward 2862 - 2870.
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