GOLD: Key Resistance Test and Potential Market RotationGOLD (US$/OZ)TVC:GOLDPRICE_ACTION_PRO1Gold is currently trading near a short-term demand zone after recovering from recent selling pressure. Price action shows respect for the highlighted support area, while the larger structure remains focused on the major resistance zone above. The upper highlighted region represents a key resistance area where previous selling activity emerged. If bullish momentum continues, price may revisit this zone and traders can monitor how the market reacts around that level. The mid-level demand zone is currently acting as nearby support. Holding above this area could keep upward pressure intact in the short term. However, a loss of support may increase the probability of a move toward the lower highlighted demand region. The previously formed ascending channel reflects an earlier trend continuation structure. Since price has moved away from that formation, market participants may look for fresh confirmation from current support and resistance levels rather than relying solely on the historical channel. Key Areas to Watch Major resistance zone (upper highlighted area) Current support zone (middle highlighted area) Strong demand/liquidity zone (lower highlighted area) This analysis is based on price action and market structure observations. Confirmation from future price movement is required before considering any directional bias. Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Always conduct your own research and risk management.