A Strong Buying Opportunity for Gold During the Correction

Gold has resumed its upward trend after a sideways movement

on the 4-hour timeframe. This movement was driven by supply zones

 that pushed gold down by more than 700 points, leading to a consolidation phase.

This consolidation phase has allowed gold to break through

 the selling pressure zones and rise to new highs,

continuing its upward trend.

Expected Buying Zones

Currently, gold has established strong new buying demand zones on the 4-hour timeframe.

These zones overlap with the daily timeframe.

These new demand zones are located near the 4359 level.

If these demand zones are tested, a move towards the targets 

identified on the chart, which are at 4400 and 4450 respectively, is expected.

If gold breaks through the recent high and closes above it, 

it is expected that gold will continue its upward movement, 

at least reaching the 4560 level.

In general, gold is still rising and we advise looking for buying opportunities during corrections.