XAUUSD Long: Supported by Trendline - Recovery Targets 4,780 for FOREXCOM:XAUUSD by heniitrading

TradingView idea: XAUUSD Long: Supported by Trendline - Recovery Targets 4,780 for FOREXCOM:XAUUSD by heniitrading TradingView symbol: XAUUSD Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. Gold previously traded below a descending supply line. After several breakout attempts, price found a bottom at a pivot point and shifted into a recovery phase, forming higher lows. Currently, price is holding above the 4,660 demand zone, which acts as key support, while approaching the 4,780 supply zone. A recent test and rejection from this area indicates selling pressure, while the ascending trend …