#XAUUSD #GOLD
Gold is currently trading inside a compressed range, with buyers defending the 4070 support zone and sellers active near 4100–4105.
Momentum is neutral–to–slightly bullish, but the market needs a clean breakout to pick direction.
📈 Technical Structure
Price has created a higher low at 4070, showing buyer strength.
Sellers remain strong at 4105, creating range-bound conditions.
Volatility compression indicates a potential breakout within next 2 sessions.
Sell Areas :
4095 – 4105
Major intraday supply
Consecutive rejections
Break here = momentum shift
4120 – 4130
Next strong supply cluster
Previous session wick rejection zone
Buy Areas :
4060 – 4070
Strong intraday demand
Multiple wicks indicating absorption of sell orders
Structural higher low formed here
4035 – 4045
Deep liquidity pool
Last downside sweep before reversal
