Let’s break it down step by step using price action on XAUUSD (G

Chart Observation (5m timeframe):

Trend:
Gold is currently in a strong bullish trend – you can see higher highs and higher lows forming consistently.

Volume Spike:
The rally after 18:00 came with increasing volume, showing strong buying interest and liquidity injection.

Resistance Zone:
Current price = 3576

The round psychological level is 3580 – 3600 (a possible short-term resistance).

Support / Demand Zone:

Immediate demand zone: 3550 – 3560 (recent consolidation before the breakout).

Deeper support: 3520 – 3530 (if price retraces hard).

📊 Price Action Analysis

Since market is trending up, buying is safer than selling.

A small correction may occur soon (because price is extended), but as long as 3550 holds, the trend remains bullish.

✅ Trading Plan

Buying Area (Best Entries):

3550 – 3560 zone (ideal pullback entry).

If that breaks, 3520 – 3530 is the next strong demand zone.

Selling Area (Short Entries):

Around 3580 – 3600 (short-term resistance, scalp sell possible).

But selling is counter-trend, so take quick profits only.

Trend Bias:
Bullish. Wait for retracements to enter long instead of chasing high candles.

⚠️ Pro Tip:
Mark the 3550 level on your chart – if 5m candle closes strong below it, short-term bearish correction possible. If it holds, next target = 3600+.