"Gold Moving in Sync with Our Analysis Key Levels Holding Strog

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Key observations:

Supply Zone: The upper orange region near $3,360–$3,380 represents a strong supply zone where sellers have consistently stepped in.

Resistance Levels: Price has faced repeated rejections below the $3,320–$3,340 zone, aligning with downward trendlines.

Demand Zone: The blue area between $3,260–$3,285 marks a clear demand region, with previous bounces showing buyer interest.

Trendlines: Red descending trendlines indicate a bearish structure still intact. The green ascending trendline suggests slight bullish pressure building from the lows.


Market Sentiment:
Despite the outdated chart setup, the market is moving as anticipated. The price is respecting key levels and patterns drawn earlier, confirming our directional bias. A breakout below the lower support or above the upper resistance would signal the next major move.

Penafian

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