"Gold Price Analysis: Testing Key Demand Zones"

By analyzing the #Gold chart in the 4-hour timeframe, we can observe that the recent price action highlights several important structural points based on Smart Money Concepts (SMC):

Demand and Supply Zones: There are two main order blocks (OB):

Decisional Order Block (DEC OB) located near the $2731 zone, which represents a demand area where buyers previously entered. This level may act as a support if the price approaches it again.
Extreme Order Block (EXT OB) positioned around $2712, acting as a deeper support zone in case the DEC OB does not hold.
Current Price Action: The price is currently testing the DEC OB near the $2731 level. A positive reaction from this zone may indicate a potential reversal or consolidation, while a drop below this level could lead to further movement toward the EXT OB at $2712.

Outlook: If the price stabilizes above $2731, it could indicate a bullish continuation, with potential targets set at $2739, $2744, and $2752. On the other hand, if the price breaks below $2731, it may signal a move down to $2712, where we might see a demand reaction.