đ XAU/USD (Gold) Analysis â 1H Timeframe
Gold is currently trading near a strong Supply Area, where sellers previously pushed the price down. If the price reaches this zone again, selling pressure may appear.
đč Supply Area (Strong Selling Zone)
Price reacted from this zone before, so sellers can become active again here $4,167.1-$4,207.5.
đč Buying Area (Short-Term Demand Zone)
If gold drops toward the marked buying areas $4,129.8-$4,138.6 , buyers may step in and push the price upward for a short move.
đč Buying Area = $4,085.4-$4,100.2
đ Overall View:
The market is showing mixed movement, but supply areas are still strong. If price reaches the demand zones, a small pullback is possible before any bigger move.
â ïž This is only technical analysis. Always do your own research before taking a trade
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