Gold Bulls Are Not Done Yet: Fading the Skepticism for a Swing Long Setup

Technical Confluence & Entry Logic

Looking at XAU/USD, the current price sits at 2937.06, reflecting a healthy 0.58% gain over the last 24 hours. The overall trend is clearly bullish, but I'm seeing an opportunity to enter on a slight dip, precisely at 2929. This level aligns beautifully with what I consider a strong support retest, just above the daily low of 2911.47 and the key psychological 2900 mark. We've seen some consolidation after the recent push, and for me, this offers a prime entry for a swing long. The confluence is strong here; I'm targeting a bounce off this retested demand zone, expecting the broader bullish momentum