On the 1H timeframe, gold is gradually moving higher after reacting from the demand zone near the sell-side liquidity, indicating buyers are defending lower levels. Recent price action suggests a potential move toward the buy-side liquidity resting above the recent highs.
A sweep above this liquidity could open the path toward the higher resistance zone near 5320. However, a short pullback into the demand area may occur before continuation as the market often rebalances liquidity.
As long as price holds above the demand zone and support structure, the bias remains toward an upside liquidity grab. A break below demand would weaken the bullish outlook and shift focus back to the lower support area.
A sweep above this liquidity could open the path toward the higher resistance zone near 5320. However, a short pullback into the demand area may occur before continuation as the market often rebalances liquidity.
As long as price holds above the demand zone and support structure, the bias remains toward an upside liquidity grab. A break below demand would weaken the bullish outlook and shift focus back to the lower support area.
Trade closed: target reached
Buy-side liquidity has been taken as expected. The move confirms the demand zone reaction, with price now testing higher levels near resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.