GOLD SETUP – $XAU (H1 Timeframe) 🔥
Gold has been on a strong run lately. After sweeping lower liquidity of previous week low ($4508), we saw a solid bullish displacement. The momentum feels genuinely bullish right now but we’re in a healthy pullback phase after that sharp expansion.
This looks like a classic liquidity rebalancing move. Price often dips back into demand areas before continuing higher, especially when higher-timeframe confirmation isn’t fully in yet.
Key Levels to Watch:
Demand Zones (Buyers Area):
• 4520 – 4515 → Nearest discount zone.
High probability area for a bounce or liquidity sweep before continuation.
• 4485 – 4480 → Stronger demand. Previous heavy absorption zone with big money interest.
Supply Zones (Sellers Area):
• 4560 – 4565 → First resistance. Premium of the recent move, good spot for short-term profit taking.
• 4580 – 4585 → Major supply on higher timeframe. Deep premium zone where we might see a liquidity grab.
Swing Target Zones:
• 4615 – 4620 → Monthly VP is present at that level which could act as possible resitance.
• 4635 – 4640 → 0.5 fib of the previous week candle. This also aligns with naked previous week VP which usually acts as strong magnet.
My Bias:
I’m leaning bullish overall, but I’ll be looking for confirmation around the 4520–4515 area. If price holds here with strong displacement, we could see another leg up toward 4560+.
What do you think? Is Gold done correcting or will it test lower first?
Drop your thoughts below 👇
#PostonTradFi #XAUUSD #GoldTrading