Gold has once again defended the $2,320 support zone, showing a solid bounce on the H1 chart. This level has acted as a demand zone multiple times over the past two weeks, and today’s price action suggests buyers are stepping back in.
Signal Details:
- Pair: XAU/USD (Gold)
- Direction: Buy
- Entry: 2,327
- Stop Loss (SL): 2,315
- Take Profit (TP): 2,355
Analysis: RSI is climbing from oversold territory, and the bullish engulfing candle on M30 supports upward continuation. With no major economic data until later today, I expect a smooth climb toward 2,350+.
Tip: Gold reacts strongly to sudden USD moves — keep an eye on DXY for confirmation.