Gold Technical Outlook – Bullish Reversal from Demand Zone TargeGOLD (US$/OZ)TVC:GOLDGullu_FxThe chart depicts Gold entering a potential recovery phase after a sharp "Market Structure Break" (MSB) and a deep correction in early 2026. The price action is currently reacting to a significant institutional interest zone. 1. Market Structure & Key Zones Correction & Recovery: After peaking near $5,600 (labeled as a "Weak High"), Gold underwent a "Change of Character" (CHoCH) and a Market Structure Break (MSB), dropping toward the $4,200 - $4,400 support region. Demand Interaction: The price is currently consolidating within a red shaded "Supply-turned-Demand" block. This area is acting as a floor, preventing further downside. Liquidity & Gaps: The zig-zag green line at the top represents a major liquidity pool or a heavy resistance zone near $5,249, which remains the primary target for the current move. 2. Trading Levels Current Price: $4,708.62. Upside Targets: The immediate target for this long setup is the green resistance band between $5,177 and $5,249. Risk Management: The red box at the bottom indicates a stop-loss or invalidation zone around $4,484. A daily close below this level would negate the current bullish thesis. 3. Forecast & Sentiment The black path and teal arrow indicate a bullish projection. The expectation is for Gold to build momentum throughout May, breaking through the current consolidation to retest the upper supply levels. This move suggests a "Buy the Dip" sentiment as the market seeks to challenge the $5,200 liquidity area. Note: Technical analysis relies on historical patterns and current momentum. Gold is highly sensitive to global economic data and geopolitical shifts.