Gold is trading near 5,194, consolidating below the 5,220–5,240 supply zone after a strong bullish leg. Market structure remains bullish with higher highs and higher lows, while short-term price action suggests compression before expansion.
Key Levels:
Support: 5,175 | 5,156 | 5,130
Resistance: 5,220 | 5,240 | 5,265
Trade Scenarios:
🔼 Break & hold above 5,220 → 5,240–5,265
🔽 Failure below 5,175 → 5,156–5,130
Bias: Bullish while above 5,175. Expect volatility expansion soon.
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