XAUUSD Long Gold vs US Dollar XAUUSD M15 — Long Setup | 12 May 2026
Key support structure — Prior horizontal support from pre-surge base (~4689–4703) held multiple touches, confirming it as a structural demand zone.Price has pulled back sharply from the 4768 swing high, clearing out weak longs and sweeping liquidity down into a confluent demand zone sitting between 4689.91 and 4702.65 . This area aligns with a clearly marked key support structure on the chart — a level that previously launched the sharp bullish expansion earlier in the session — further reinforced by an M5 hidden demand zone sitting directly on top of it. The thesis is simple: smart money has accumulated, retail stops have been collected, and price is now positioned to reclaim higher ground. We are looking for a bullish M5 confirmation candle (engulfing or pin bar) before
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