Gold is currently holding above a key demand zone around 4015–4023, where buyers have repeatedly defended price. The recent rejection from this area suggests bullish momentum remains intact as long as support continues to hold.
Price is now consolidating just below the 4030 resistance. A successful breakout and close above this level could trigger the next leg higher toward 4065, with an extended target near 4075–4078, matching the previous swing high.
Bullish Scenario
- Entry: Buy on a pullback into 4018–4023 or after a confirmed breakout above 4030.
- Targets:
- TP1: 4048–4055
- TP2: 4065
- TP3: 4075–4078
- Invalidation: A 15-minute candle closing below 4015 would weaken the bullish outlook and increase the risk of a move toward 4005 or lower.
Key Levels
- Support: 4015–4023 (Demand Zone)
- Resistance: 4030, 4065, 4075–4078
Market Structure
The market structure is shifting bullish after a strong impulsive rally from the recent lows. The current pullback appears corrective, with buyers defending higher lows. Holding above the highlighted demand zone keeps the probability in favor of continuation to the upside.
Profil MQL5
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