“Gold Rebounding from Demand – Targeting Supply Line Retest

3 hours ago

🔍 Key Observations

📉 Supply Line (Downtrend Resistance)

Each rally is being capped by the descending supply line

📈 Demand Line (Ascending Support)

Buyers defending higher lows

Strong bullish reaction off support

💰 Liquidity Grab ($$$)

Liquidity was taken below swing lows — bullish signal

Smart money likely securing positions before pushing up

🟢 Bullish Confirmation

If price holds above demand line + support zone

Expect bullish continuation toward supply line retest

🎯 Suitable Target Levels
Target Level (Approx) Status
🥇 First Target 4,095 – 4,105 At supply line retest
🥈 Extended Target 4,120 – 4,130 Breakout continuation
📌 Trade Idea (Bullish Scenario)

Entry Zone: 4,055 – 4,065 🟩

Stop Loss: Below 4,025 ❌

Take Profit 1: 4,100 🎯

Take Profit 2: 4,125 🚀

RR Ratio: 1:2.5 – 1:3 📈

🧭 Market Sentiment

📍 Bias → Short-term Bullish
🛑 But… sellers may reappear at supply line
⚠️ Watch for fakeouts near the target

3 hours ago

Trade active

Running in 200+ pips in our direction