XAU/USD | Gold Sweeps Liquidity – Eyes on Weekend Close!

By analyzing the #Gold chart on the 4H timeframe, we can see that price first swept liquidity below $4664 with a move down to $4658, then strong demand stepped in and pushed Gold sharply higher toward $4740. After this expansion, price entered a minor correction and is now trading around the $4720 – $4730 region.

With today being the last trading day of the week, the market is shifting into a more headline-driven phase. Expectations around potential Iran–US negotiations could support short-term bullish momentum, at least into the early next week open.

From a structural perspective, the nearest demand zones are $4690 – $4710, with deeper support around $4650 – $4670. On the upside, the closest supply zones are $4740 – $4760, followed by a stronger resistance area between $4780 – $4810.

If buyers continue to build momentum, the next short-term upside targets are $4755, followed by $4780, then $4800, and potentially $4825.

In my view, these negotiations are unlikely to lead to a real outcome. There’s a high probability that tensions could rise again next week, and we might even see a renewed escalation or conflict scenario.

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Best Regards , Arman Shaban