GOLD (XAUUSD) ANALYSISFrom the updated chart, here's a refined **analysis and target projection**:
---
### **Analysis**:
1. **Current Price**:
- Gold is trading around **2645.59**, showing a bullish attempt to break above recent resistance levels.
2. **Demand Zone**:
- A possible higher low (HL) formation is near the **2620–2630 zone**, indicating strong buyer interest. If this level holds, the price may continue its upward movement.
3. **Resistance Areas**:
- The next immediate resistance zone lies between **2650–2660**, where a minor supply zone exists.
- If this zone breaks, the price may target the next significant supply level around **2680–2700**, as suggested by the higher green zone.
4. **Bullish Continuation**:
- The drawn purple arrow indicates a potential retracement into the support zone, likely around **2635–2640**, before continuing the bullish trend.
- The market structure remains bullish, with higher highs (HH) and higher lows (HL).
---
### **Targets**:
1. **First Target (Short-Term)**: **2650–2660**
- A logical level for partial profit-taking or initial resistance.
2. **Second Target (Mid-Term)**: **2680–2700**
- A higher supply zone, with the potential to act as a significant resistance level.
---
### **Invalidation**:
- A break below **2620** would invalidate the bullish setup and could lead to further downside toward **2600 or lower**.
