Gold Technical Analysis - Liquidity Grab Before Big Move

Apr 16

Gold is currently respecting a rising trendline but showing clear weakness near the 4830-4835 resistance zone, where multiple rejections and a lower high structure are forming. Price is consolidating inside a tightening range below the descending trendline suggesting liquidity buildup before a move. The overall bias is turning bearish unless price breaks and holds above 4840. The projected path shows a fake push up into resistance followed by a strong rejection targeting the imbalance and liquidity zone below around 4780 and potentially extending toward 4740.

Trade Plan – Sell Setup
Sell Zone: 4825 - 4835
Trigger: H1 bearish rejection - engulfing from resistance + trendline rejection
Targets: 4785, 4753, 4730
Invalidation: H1-H4 close above 4845

Trade Plan – Buy Setup
Buy Zone: 4770 - 4785 (trendline + demand area)
Trigger: Strong bullish rejection liquidity sweep
Targets: 4820, 4835
Invalidation: H1 close below 4750

Note
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Apr 17

Trade active

Price is currently retesting the broken structure near 4800-4810 which is acting as short-term resistance under the descending trendline. As long as price stays below 4820-4830 the bias remains bearish with downside targets toward 4750 and potentially 4730.

Key Levels to Watch:
Resistance: 4815-4830
Support: 4790-4770
Lower Target Zone: 4750-4730

Overall bias remains bearish while price holds below the trendline and reclaimed resistance area.