Enze: The 5180 defense battle has begun. Can the bulls push again to 5280?

Currently, gold prices are holding at the 5180-5190 level. It previously hovered here for a while before rising, and now it has returned to this support zone, with buyers starting to enter again.

After dropping from 5220, the price rebounded back to this demand area. It looks likely to hold now. As long as it doesn't break below this range, the short-term outlook remains bullish.

If the 5180-5190 zone can stabilize, the price is likely to push higher:
First, watch the short-term resistance at 5220. Once broken, the next target is 5250, and beyond that is the liquidity zone at 5280. If 5220 is firmly taken, the upward momentum will accelerate.

If it directly breaks below 5180 and stays below, the previous bullish pattern will be broken, and the price may fall further: first to 5160, then down to 5100.

Overall, as long as this demand zone holds, the upward trend remains. If buyers continue to control the market, it’s likely to reach 5250-5280.