▲ 6 r/Forexstrategy
Gold Eyes Liquidity Grab Before Bullish Expansion 🚀
Gold (XAUUSD) is currently consolidating after a sharp sell-off, forming a short-term base around the 4625 support zone. Price may dip slightly to sweep liquidity in this area before initiating a strong bullish move.
A successful bounce from support could push gold towards the 4798 resistance, and a breakout above that level may open the path to the 4970 zone.
Key Levels: Support: 4625 – 4578 Resistance: 4798 – 4970
Bias remains bullish after liquidity grab 📈
u/Proof-Sheepherder-40 — 13 hours ago