Gold has shown a strong corrective move after sweeping liquidity from the downside, tapping into a key 4H support + order block zone. This reaction confirms buyer presence and potential accumulation at lower levels.
Currently, price is pushing upward and approaching a critical 4H resistance zone (~4732 area). This level is acting as a short-term decision point.
📌 Key Observations:
• Strong rejection from liquidity zone below
• Price holding above 1D support (~4679)
• Formation of higher lows indicating bullish strength
• RSI recovering, showing momentum shift toward buyers
🚀 Bullish Scenario:
If price breaks and holds above the 4H resistance, we can expect continuation toward:
→ 1D Resistance (~4784)
→ 1D High Resistance (~4825)
A clean breakout + retest will provide the safest entry.
⚠️ Bearish Scenario:
If price fails at current resistance, expect a pullback toward:
→ 4H support / order block (~4620–4650 zone)
💡 Trading Insight:
Market structure is shifting bullish after liquidity grab. Patience is key—wait for confirmation at resistance before entering.
Currently, price is pushing upward and approaching a critical 4H resistance zone (~4732 area). This level is acting as a short-term decision point.
📌 Key Observations:
• Strong rejection from liquidity zone below
• Price holding above 1D support (~4679)
• Formation of higher lows indicating bullish strength
• RSI recovering, showing momentum shift toward buyers
🚀 Bullish Scenario:
If price breaks and holds above the 4H resistance, we can expect continuation toward:
→ 1D Resistance (~4784)
→ 1D High Resistance (~4825)
A clean breakout + retest will provide the safest entry.
⚠️ Bearish Scenario:
If price fails at current resistance, expect a pullback toward:
→ 4H support / order block (~4620–4650 zone)
💡 Trading Insight:
Market structure is shifting bullish after liquidity grab. Patience is key—wait for confirmation at resistance before entering.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.