$XAU USD is setting up for its next move and the chart doesn’t lie 📊⚡
I just finished mapping the 15m structure on Gold, and here’s what’s playing out:
We saw a clean 5-wave drop into a liquidity sweep near 4,490. That’s where weak hands got shaken out. Right after, price broke the descending channel and started building a new impulse structure.
Right now we’re in wave 3 territory. If 4,518 holds as support, the next target sits right at the 4,560-4,570 supply zone the same area that rejected price earlier.
One level to watch: a daily close below 4,490 invalidates this bullish setup.
This is why I love clean charting. No noise, just structure, levels, and a clear invalidation.
What do you think will Gold push into that supply zone, or do we get another sweep first? Drop your thoughts below 👇
#XAUUSD #GOLD #TechnicalAnalysis $XAU
