"Smart Money Buying GOLD? Watch This Level!

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🔹Technical Analysis - GOLD (XAU/USD) - 30-Minute Chart (Bullish Bias)

▪️Gold is currently holding firm above the key support area around $3,282-$3,294, which has acted as a strong demand zone in recent sessions. Price action shows a potential bullish reversal as it forms a base near this support and begins to push upward.

▪️Notably, the volume profile is increasing on bullish candles, suggesting strong buying interest at current levels. Price is attempting to reclaim the 50 EMA, and a sustained move above $3,304 (next intraday resistance) would further confirm bullish continuation.

▪️Buy Trade Setup:

* Entry Zone: $3,294-$3,298
* Immediate Resistance (Short-Term Target): $3,304
* Main Target: $3,332 resistance area
* Stop-Loss: Below $3,282 support area

▪️Conclusion:
Momentum and volume are aligning with a bullish bias. As long as price holds above the support zone and continues to show volume-backed buying, the setup favors a long position with targets toward the upper resistance band at $3,332.

🔹Community Insight:

If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.

▪️Follow for regular updates and trade setups.

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