Gold market volatility, buyers and sellers active on OANDA:XAUUSD By SwingTrade_Concept — TradingView

Gold showed strong buying momentum at the open with a clear bullish gap and quickly moved towards key levels. Buyers’ initial enthusiasm was met with strong selling pressure, causing prices to fall sharply. Buyers returned to lower support areas, sparking a rebound, but fresh selling pressure capped gains and caused prices to fall back. Market movements remain fast and aggressive, reflecting intense competition between buyers and sellers. The lower area forms support, and the upper and supply areas form resistance in the near future. Price action alternates between rising and falling phases, highlighting the need for caution and strict monitoring. Traders should pay close attention to these key areas as they indicate areas of short-term momentum changes, potential reversals, and changes in control between buyers and sellers. Overall, gold continues to exhibit a dynamic structure of rapid fluctuations, requiring attention to market interaction and active participation of both parties.