Gold continues to show interesting price action on the 2-hour timeframe.


In the previous analysis shared on the channel, the 5080–5100 support zone was highlighted as an important demand area. The expectation was that if price returned to this level and buyers defended it, the market could continue its bullish structure.


Recently, price retested that support zone and formed a strong rejection, confirming that buyers are still active in this area. The reaction from this level suggests that the zone is still acting as a key support within the current market structure.


From a technical perspective, the market had already confirmed a Break of Structure (BOS) earlier when price broke above previous highs. Since then, the market has been forming higher highs and higher lows, which generally indicates bullish momentum.


At the moment, price is stabilizing above the support zone and gradually moving toward the next resistance area.


Key levels to watch:


Support: 5080 – 5100Resistance: 5400


If buyers maintain control and momentum continues, the market could attempt another move toward the 5400 resistance zone, where previous highs and liquidity are located.


However, traders should also keep an eye on the downside risk. A strong break and close below the 5080 support area could weaken the bullish structure and potentially lead to a deeper correction.


Overall, the market structure remains bullish while price holds above the key demand zone.


For charts and daily Gold & Forex market analysis, you can also subscribe to the channel where I regularly share technical breakdowns and market insights.