$XAU Trade Setup
🔹 EP: $4448 – $4472
🎯 TP1: $4525
🎯 TP2: $4580
🎯 TP3: $4645
🛑 SL: $4405
$XAU recently saw a wave of long liquidations after sharp volatility pushed price below short-term support levels. However, the broader structure still appears constructive, with the decline looking more like a corrective flush than a confirmed trend reversal.
The market continues to trade within a wider bullish framework on higher timeframes, where buyers have consistently defended pullbacks near major demand zones. Current price action suggests sellers were able to force temporary weakness, but momentum expansion to the downside remains limited after the liquidation event.
Institutional demand remains active around the current support region, and price stabilization near this area increases the probability of recovery continuation. Buyers are still maintaining control of the broader structure as long as the market holds above the invalidation zone.
Higher timeframe momentum has cooled slightly following the recent volatility spike, yet overall market positioning still favors upside continuation if resistance levels are reclaimed. A successful hold above support could trigger renewed buying pressure toward higher liquidity zones.
The structure continues to lean bullish while key support remains protected, making upside continuation the higher-probability scenario in the short term.
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