Gold (XAUUSD) is currently showing a strong bullish reaction from a well-respected ascending trendline support, indicating that buyers are actively defending this level. The recent sharp move below the structure appears to be a liquidity grab (stop hunt), where price swept sell-side liquidity before reversing aggressively to the upside — a classic smart money behavior.
After this liquidity event, price pushed back into the Ichimoku cloud and started consolidating. This phase represents a transition zone where the market shifts from bearish/neutral to bullish conditions. Now, price is attempting to break and hold above the cloud, which would confirm growing bullish momentum.
From a market structure perspective, the price is beginning to form higher lows and attempting to create higher highs, suggesting a potential shift into a bullish structure. As long as the trendline support remains intact, buyers are likely to stay in control.
If this momentum continues, the next key resistance levels to watch are 4749 as the first target, followed by the major supply zone around 4801, where price may face strong selling pressure.
However, this setup becomes invalid if price breaks and closes below the ascending trendline support, which would indicate weakness and possible downside continuation.
Overall, this setup combines trendline support, liquidity grab, Ichimoku cloud transition, and emerging bullish structure — making it a high-probability bullish scenario if key levels hold.
After this liquidity event, price pushed back into the Ichimoku cloud and started consolidating. This phase represents a transition zone where the market shifts from bearish/neutral to bullish conditions. Now, price is attempting to break and hold above the cloud, which would confirm growing bullish momentum.
From a market structure perspective, the price is beginning to form higher lows and attempting to create higher highs, suggesting a potential shift into a bullish structure. As long as the trendline support remains intact, buyers are likely to stay in control.
If this momentum continues, the next key resistance levels to watch are 4749 as the first target, followed by the major supply zone around 4801, where price may face strong selling pressure.
However, this setup becomes invalid if price breaks and closes below the ascending trendline support, which would indicate weakness and possible downside continuation.
Overall, this setup combines trendline support, liquidity grab, Ichimoku cloud transition, and emerging bullish structure — making it a high-probability bullish scenario if key levels hold.
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