XAUUSD 1H | Daily Low Sweep Into 4H FVG RebalanceGold remains under broader short-term pressure, but current price action is reacting from an important liquidity zone after sweeping the previous daily low.
The move below the low appears to have cleared sell-side liquidity, followed by an immediate recovery. This creates a potential mean-reversion setup if buyers can maintain control above the reclaimed intraday levels.
The primary upside area of interest is the 4H Fair Value Gap, aligned with the 0.50 – 0.618 retracement zone around 4628 – 4646. This region may act as a magnet for price if bullish momentum continues.
If price successfully rebalances into that inefficiency, the next higher-timeframe objective would be the daily high near 4700.
Key Levels:
Support: 4560 (daily low sweep zone)
Near-term Resistance: 4628
4H FVG Upper Boundary: 4646
Higher Target: 4700
Bullish Scenario:
As long as price holds above the swept low structure, continuation toward 4628 → 4646 remains favored.
Bearish Scenario:
Failure to hold current recovery and a break back below 4560 would invalidate the bullish recovery idea and suggest continuation lower.
Trade Plan Reminder:
Wait for confirmation through market structure shift, rejection candles, or lower timeframe continuation before entry.
Conclusion:
Gold is trading at a decision point after taking liquidity below the daily low. Whether price continues to rebalance higher or resumes trend lower should become clearer around the current reaction zone.
Not financial advice. Manage risk accordingly.
Short