— XAUUSD/H1 —
➤ Market Update
Price has successfully tested the 4860 area and formed a short-term swing high at a key supply zone, indicating that sellers are beginning to step in and defend higher prices.
➤ Today’s Scenario:
- Key zone: Price is likely to retest the 4848 – 4855 supply zone for confirmation
- Following confirmation : We expect a corrective move back within the channel, maintaining the current range structure
+ Short-term target: 4791 (range low )
+ Extended target: 4733 – 4725 (Demand zone)
This is a key structural support area and a liquidity attraction zone, where buyers are likely to step in
Sana Shaikh
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