Gold Took Support – Now Bulls Are in Control!

Jul 30

Gold Took Support – Now Bulls Are in Control!
Gold (XAUUSD) price has taken a strong bounce from the support zone, and now it’s looking bullish. Market reacted nicely from the demand zone, which means buyers are stepping in again.

📊 Technical Analysis:
✅ Strong Support Zone (3260–3280):
This area is acting like a strong base. Price touched here and immediately bounced — showing buying pressure.

🔄 Break of Structure (BOS):
Market broke the previous structure and gave signs of trend reversal. It also grabbed liquidity from the lows.

🟩 Bullish Fair Value Gap (FVG):
A clean FVG was formed and respected, which shows institutional activity and buying interest.

🎯 Target Level – 3366.984 USD:
If bullish momentum continues, gold can easily move towards this level. It’s also near a previous resistance.

📚 Educational Points:
Market took liquidity from the lows and reversed

Fair Value Gap is respected, adding confirmation

Structure break confirms buyers are in control

Price is heading towards the next resistance zone

📌 Conclusion:
Gold is now in a bullish phase. As long as the support zone is holding, buyers can stay confident. Target remains near 3366–3380 USD. Any pullback can give a good buy opportunity.

Aug 1

Trade closed: target reached

Gold (XAUUSD) successfully half hit our projected target after showing a strong bullish reaction from the key demand zone. The price respected the support level, forming a solid bullish structure with higher highs and higher lows.