XAUUSD / 4H TIME FRAME
HELLO TRADERS
Demand Zone and Initial Price Decline, After a recent decline, gold prices have reached a demand zone, providing an opportunity for a 600-pip profit. A demand zone is a price range where buying interest typically increases, suggesting potential support.
Current Price Movement ,Gold is now aiming for a new demand zone between $2,527 and $2,500. As long as prices stabilize above this zone, there’s potential for an upward push towards higher levels.
Potential Price Levels , Next Supply Zone: Between $2,606 and $2,618. If gold reaches this range, selling pressure could increase, potentially slowing or reversing the uptrend.
FVG (Fair Value Gap) Area, Between $2,636 and $2,664. This level may act as a magnet for prices if the trend continues upwards, as traders may look to close gaps in the price , Further Supply Zone, Between $2,687 and $2,708, where resistance is expected to be strong.
Support Levels and Downside Risk, If gold breaks below the $2,527-$2,500 demand zone, it could decline further to a support level around $2,485, where additional buying interest might emerge.
Market Sentiment , The market is generally under upward pressure (bullish sentiment), though it is currently experiencing a decline.