#GOLD market just reached near to his major supporting region of the day n breakout region as well. so keep close and sustain above from 5171-72 to 5175 76 means we can see again bullish volume otherwise not at all.
$XAU USD The focus remains on whether the 5140-50 range can be breached. 📈📈 Given that 5200 has been tested multiple times and is now facing another strong attack, it seems unlikely to hold. 🚀🚀 Let's shift our attention to the previous high and observe its performance
📊Watch for support at 5150-5130 (yesterday's low). Resistance is around 5200.📊
Gold prices are currently consolidating at high levels and are expected to retest the resistance around 5200. A strong breakout and hold above this level could trigger a new upward move.🎯
I anticipate a brief pullback before a true breakout. As long as prices remain above the support zone, the bullish outlook remains valid; the pullback is for a better rise.🎯
The gold has tested before the closing to 5202$ and dip down now for the 5175$.
So there quick analysis for that, the support at 5166$ which broken will continue for the 5150$-40$-30$ and then 5120$ and beyond for the weekly correction.
Another side, sustained above the 5166$, will back to 5200$-5210$-20$ as bounce.
Two years to fall by 94%. Two days to rise by 270%.
This is the true nature of the market: when it falls, it slowly consumes you, wears you down, and causes you to lose patience and confidence. When it decides to rise, however, it does so violently, suddenly, almost arrogantly... and it waits for no one.
And that's precisely why I often tell you that I prefer longs to shorts. Not because the market can't fall, but because the most powerful and profitable movements almost always come on the upside, concentrated in a very short time. If you're on the right side, you can recover weeks or months in an instant. If you're on the wrong side, you get overwhelmed.
Shorts seem easy when everything collapses, but a single aggressive reversal is enough to wipe out days of work. Longs, on the other hand, allow you to wait, build your plan, enter when the risk is clear and let the force of the market work for you.
The concept is simple: the market can take years to destroy value... but it only takes a few days to recreate it. And I want to be on the side of those few days.
If this cycle continues to mirror the previous bear cycle, price could see a push higher or consolidation above the wick low over the coming weeks before the final drop.
That scenario would involve another sweep of the current lows, followed by a move into the broader bottoming window, which sits roughly 126 days out, around four months from now.
Which places the potential bottoming zone in early July into August, just ahead of a possible transition into the next bull phase.