Gold Bounces from Demand Zone! Is a Rally to $3,414 Next?

5月12日

Demand Zone: Price bounced from a visible high-volume area (LuxAlgo Supply and Demand Range) marked in orange, indicating institutional buying interest.

Support Level: Holding above $3,223.028, the last significant swing low.

Bullish Targets:

First target: $3,321 – a key mid-range structure.

Second target: $3,414 – upper supply zone where price has reversed previously.


Volume Profile: Notice the thin volume between $3,230–$3,320, meaning less resistance for bulls in the short term.

Candle Behavior: Strong wick rejection signals buyer aggression at support.


Catalysts to Watch:

Upcoming US CPI and PPI data this week.

Dollar Index (DXY) rally – if it cools off, gold could surge.

Geopolitical tensions and inflation hedging may also drive demand.


Trade Idea (Not Financial Advice):

Entry: Current bounce or wait for break of $3,235

SL: Below $3,218 (invalidates demand zone)

TP1: $3,321

TP2: $3,414


Conclusion:
Gold might be setting up for a clean bullish move. Reclaiming $3,321 would be a key confirmation. Will bulls step in strong this week?

Let’s hear your thoughts in the comments! Are you buying this dip or waiting for confirmation?

5月13日

交易進行

Xauusd have reach a certain level of 3,260 .00 level and is like to move u and hit TP 1 so be Patience while it takes the move