A $3.74K SHORT liquidation just triggered at $4874.19, forcing bearish positions to close and reducing short-term selling pressure. This type of liquidation often acts as a momentum spark once price holds above the trigger level.

With shorts flushed, $XAU is now trading at a key reaction zone. If buyers maintain control and volume supports the move, $XAU could extend higher from here. Failure to hold may result in brief consolidation before continuation.

Trade Setup

EP: 4845 – 4905

TP1: 5050

TP2: 5280

TP3: 5600

SL: 4720

Short liquidations shift market balance — let price action confirm direction.

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