XAU/USD - M30 Analysis & Key Levels

📉 XAU/USD - M30 Analysis & Key Levels

🔴 H1 Supply Zone: 2938 - 2942
🟢 Demand Zones: 2905 - 2909, 2893 - 2895, 2880 - 2882

📊 Possible Scenarios:
1️⃣ Bearish Rejection: If price rejects the 2938 - 2942 supply zone, a retracement toward the 2905 - 2909 or deeper zones is likely.
2️⃣ Break & Retest: A breakout above 2942 could signal further bullish momentum toward new highs.

💡 Trading Plan:
✅ Watch for rejection at 2938 - 2942 for potential short entries.
✅ Monitor 2905 - 2909 and 2893 - 2895 as possible buy zones on retracements.
✅ A confirmed break below 2880 could indicate further downside risk.

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