On the 4-hour timeframe of Gold (XAUUSD), the overall market structure remains bullish, with price moving above a well-respected ascending trendline. This trendline acts as a dynamic support, and each time price approaches it, strong buying pressure becomes evident. This behavior clearly shows that liquidity flow is still in favor of buyers and the market maintains a bullish bias.
In the middle of the chart, a clear Break of Structure (BOS) is visible, confirming the continuation of the upward trend. After this structural break, price enters a controlled corrective phase and then resumes its bullish move. This price behavior aligns perfectly with Smart Money concepts, where liquidity is first absorbed before the main trend continues.
Around the area marked as IOFD (order-flow-based demand zone), the market shifts into a consolidation phase. This ranging behavior signals absorption of sell orders and preparation for the next impulsive move. Holding above this zone indicates that sellers lack the strength to break support, and overall market control remains in the hands of buyers.
Following this consolidation, price breaks out of the range with a strong impulsive move and advances toward the key resistance zone around 4290–4300, which is clearly identified as a supply and liquidity zone. The reaction at this level is technically valid, as it represents a common area for profit-taking by buyers and short-term sell entries.
Going forward, if price manages to stabilize above this resistance, higher targets will come into play and bullish momentum may accelerate. However, failure to hold above this zone could lead to a healthy pullback toward lower support levels such as the 4220 area or the previous IOFD zone. Overall, the market structure remains bullish, and any corrective moves are more likely to be opportunities rather than threats.
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