In the analysis of the 1H chart for #GOLD , the price has been in a clear short-term downtrend, forming a series of lower highs and lower lows.



Following the recent decline, the price broke below the $5060 liquidity level, pointing to an area of ​​insufficient selling liquidity.

The key level to watch is the $5070 area.

If the price returns to this level and a strong bullish confirmation candle appears, it could indicate that buyers are taking control of the market after the liquidity run-out.

Trading Direction
• Liquidity Sweep Area: Approximately $5060
• Entry Confirmation: Strong bullish close above $5070
• Major Support: Approximately $5040 (4-hour support area)
• Target Price: $5140 (next resistance/liquidity target)

If a bullish confirmation signal appears, the market may move upwards to fill the market inefficiency and test the $5140 resistance level.

Click here to Trade

$XAU #XAUUSD
XAU-0,96%
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