Gold Spot / U.S. Dollar
Long
Updated

Selena | XAUUSD · 30M – Channel Correction Between Demand & Supp

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XAUUSD XAUUSD
Selena | XAUUSD · 30M – Bearish Structure with Corrective Channe


Structure | Trend | Key Reaction Zones
Gold is currently trading inside a rising corrective channel after reacting from a key demand zone.
Market Overview
After a strong bearish move, price swept liquidity near 4200 and formed a solid base around the 4300–4400 demand zone. The market is now moving in a corrective bullish channel, indicating short-term recovery. However, price is approaching the 4600–4700 supply zone, which aligns with previous structure and could act as resistance. The reaction from this zone will determine whether the market continues higher or resumes the bearish trend.
Key Scenarios
✅ Bullish Case 🚀
Continuation within channel.
🎯 Target 1: 4600
🎯 Target 2: 4700
🎯 Target 3: 4800 – 4900

Current Levels to Watch
Resistance 🔴: 4600 – 4700
Support 🟢: 4300 – 4400
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Trade active
snapshot

holding the channel very well and well

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