📊XAU/USD Price Action Update – May 5, 2025
🔹Current Price: 3,258.76
🔹Timeframe: 15M

📌Key Supply Zone (Resistance):
🔴Above current highs – Untested supply zone, watch for rejection

📌Key Demand Zone (Support):
🟢3241–3242 – Fresh Rally Base Rally Zone (ideal for long re-entry)

📈Bullish Outlook:
Gold is consolidating after a strong bullish impulse. If price holds above 3241–3242, we may see continuation toward higher supply zones. Look for bullish confirmation on the next dip.

📉Bearish Outlook:
If price fails to hold above the demand zone, a drop back into lower 3230s is possible. Only trade short if a clear BOS (Break of Structure) forms below 3240.

⚡Trade Setup Tip:
✅Look for bullish setups at 3241
✅Protect entries with SL under demand zone
✅First target = previous highs, second = break of supply

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