Gold's Upcoming Scenario: A Strong Buying Opportunity

Gold has resumed its upward trend following the sharp decline caused by recent sell-offs.

This rise was driven by the price reaching daily and weekly demand zones—currently the most critical areas for buying.

Expected Price Action

Gold has successfully broken out of a consolidation pattern, breached supply zones, and established new demand zones, all accompanied by strong bullish signals.

We anticipate a retest of the recent peak near 4144. A breakout and close above this level would likely drive Gold to extend its rally toward the next supply zone, located around 4177.

Gold remains bullish, even if it pulls back to the overlapping demand zones near the 4088 level indicated on the chart.