XAUUSD - Current View

Price is still holding its recovery structure after the sharp sell-off, and the short-term bias remains tilted towards bullish continuation, as long as the 4,767 – 4,750 area is not decisively broken.

On the left-hand chart, price has already delivered a liquidity sweep around 4,781, then reacted well from the fib 0.5 region and the lower liquidity zone. That suggests buyers are still defending the discount area rather than allowing a full breakdown. The current consolidation above that reclaimed zone also looks more like absorption before another push higher.

On the higher-timeframe chart to the right, price has recovered from the deeper low and is now trading back into an important neutral area. If it continues to hold above 4,781, the market is likely to follow the bullish path and push towards the upper supply zones.

Main scenario

● Hold above 4,781
● A minor dip into 4,770 – 4,767 remains possible for liquidity collection
● Then continuation towards 4,810, followed by an extension into 4,856
● If momentum expands, the higher target sits around 4,888 – 4,890

Invalidation

● If price breaks decisively below 4,750
● The short-term bullish bias is invalidated
● In that case, the market may rotate back into the lower liquidity zone before finding a new balance

Conclusion
For now, this still looks like a buy-the-dip structure rather than a place to chase price aggressively. As long as price remains above 4,767 – 4,750, the probability still favours continuation to the upside.