GOLD Buy ZoneGood day, traders.
A significant buy zone for large institutional traders lies between 20 and 40, aligning with the prior 9-day consolidation period before the breakout above 2665.
Analysis Details:
The 20-40 range reflects strong accumulation by major players, supported by increased volume and reduced volatility during consolidation.
The breakout above 2665 highlights this zone as a critical support level for future price action.
Implications: The 20-40 range will likely act as strong support during pullbacks, offering potential entry points for traders.
Monitor this zone for bullish signals and build positions with stops slightly below.
PEPPERSTONE:XAUUSD TVC:GOLD OANDA:XAUUSD