Lingrid | GOLD Correction Ends - Bullish Move Ahead ?

4 days ago

XAUUSD reacted aggressively from the resistance zone near the recent peak, but the sell-off appears corrective rather than trend-breaking. Price swept liquidity below the rising structure, tagged the higher-timeframe support zone, and quickly rebounded — a sequence that often signals exhaustion on the downside. Importantly, the broader ascending trendline remains intact, keeping the higher-low framework alive.

If price continues to stabilize above the 4,800 support area, upside pressure could rebuild toward the 5,200 level, where previous balance and unfilled liquidity sit. The sharp drop may have served as a reset, allowing momentum to reload rather than reverse.

➡️ Primary scenario: hold above 4,790 → recovery toward 5,200
⚠️ Risk scenario: sustained acceptance below 4,720 could open the door for a deeper structural pullback

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

3 days ago

Trade active

GOLD has reacted cleanly from the 5000 psychological handle, where former resistance has flipped into a support, suggesting buyers may be stepping back in after the sharp sell-off. Price is stabilizing above the rising trendline, while the recovery from the sell-off low lacks aggressive rejection, hinting that downside pressure could be exhausting. The broader structure still favors continuation as long as this zone remains defended.

If gold continues to base above 4990–5000, price may attempt a gradual push toward the 5300 area, where prior supply and the upper structure converge. That zone could act as the next liquidity draw if momentum rebuilds from this consolidation phase.