ArmanShabanTrading | XAUUSD : Demand Zone Holds – Eyes on $3,780+

[Arman Shaban]

By analyzing the gold chart on the 1-hour timeframe, we can see that, as expected from yesterday’s analysis, the price first dropped into the $3,748–$3,757 demand zone. Once it hit this key level, strong demand pushed gold up from $3,750 to $3,779.

Currently, gold is trading around $3,762. We now need to see if the price can hold above this important demand zone. If it does, we can expect further upside, potentially above $3,780. So far, this setup has delivered more than 570 pips in returns. I hope you took full advantage of yesterday’s analysis!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

[Nahid10]

Nice play on the $3,748–$3,757 demand zone Gold bouncing to $3,779 delivered solid pips. Now key is holding above $3,762 for more upside.

[kelson10]

Yesterday’s gold analysis played out perfectly 570+ pips already banked. Watching if $3,762 demand holds for a push above $3,780.

[EmTeam]

this setup has delivered more than 570 pips in returns. I