XAUUSD Recovers After Liquidity Sweep at 4670, Eyes Resistance Near 4830
PAIR: XAUUSD (Gold)
Market Context
Last session was basically a clean liquidity flush. Price sold off hard from the 4840–4850 area, broke structure on the way down, and dumped straight into the 4670 lows where we saw that aggressive wick and immediate rejection. That drop felt like stops getting run more than a sustained bearish trend.
What matters is what happened after, buyers didn’t hesitate. They stepped in right at the extremes and pushed price straight back up.
Current Situation
We’re now trading around 4755, sitting right in the middle of the recovery move. The bounce is strong enough to recover a big chunk of the sell-off, but not strong enough yet to call it a full reversal.
This is the tricky zone, momentum up, but still underneath major supply.
Key Zones
Resistance:
- 4830–4850 (major supply / breakdown zone from the sell-off)
- 4785–4800 (minor intraday resistance where price is stalling now)
Support:
- 4700–4680 (retest demand + liquidity sweep zone)
- 4670 (main swing low / wick rejection area)
Technical Reasoning
This is still a corrective bounce inside a larger range.
The key thing I’m watching: we haven’t reclaimed the 4830+ breakdown zone. Until that happens, every rally into 4780–4800 is technically still inside seller territory.
But, and this is important, the way price bounced from 4670 tells me buyers are not weak. That was a reactive move, not a slow grind.
So we’re stuck between:
- Buyers defending lows aggressively
- Sellers defending supply overhead
That usually means rotational price action until one side breaks.
My View
Slight bullish bias intraday, but not trend bullish yet.
Reason: the bounce from 4670 is too clean to ignore, but we’re still capped under major supply at 4830–4850.
I’m treating dips as buyable only if structure holds.
Invalidation
Bullish idea breaks if we lose 4700 and accept below 4680, that would open a revisit of 4670 and potentially deeper continuation down.
Bearish idea (rejection play) breaks if price reclaims 4830 with momentum, that would flip structure back bullish and invalidate short setups.
Trade Scenarios
Scenario 1 (long continuation):
If price pulls back into 4700–4715 and holds (no breakdown), I’d look for longs targeting 4780–4800, with extension toward 4830 if momentum builds.
Scenario 2 (rejection short):
If price pushes into 4780–4830 zone and shows rejection (failure to break + lower timeframe weakness), I’d look for shorts back toward 4720–4700.
Why Today Matters
We’re sitting right between the low liquidity sweep and major supply. This is where the market decides if that 4670 drop was just a stop hunt or the start of a deeper bearish expansion.
No clean trend yet, just reaction vs reaction.
Conclusion
Bias is slightly bullish intraday while 4700 holds, but I’m not trusting upside until 4830 breaks cleanly. Until then, I’m treating this as a range with edges doing the real work.