$XAU 4603 Squeezing — 4773 is bait
That weekly timeframe breakout is no longer quiet.
The gold has been repeating the same thing all week. Traps, reclaiming, squeezing.
At the start of the week, 4,357 is the key line. Buyers defended it. Then price pushed back to 4,400, took out 4,450, and the retest of 4,458 turned into the real decision point. Once gold holds above that zone, the shorts run into trouble.
Then 4,523 gets marked.
Then 4,563.
Now price is hovering around 4,603, still running within the bullish channel. This is strong—no need to pretend it isn’t.
But yes, I still won’t chase vertical candles.
The bigger read is simple. Gold has broken the old buyer liquidity around 4,360 - 4,380, flipped the entire area into support, and then started expanding toward the next quality zone below. The market isn’t chasing lower right now. It’s looking for the next higher liquidity pool.
Bias: stay bullish as long as price holds above 4,520 - 4,560.
If gold cools down to channel support and holds, that’s a clearer reload. The next upside area first is 4,630. Above that, 4,720 starts to matter.
The big magnet on this chart is 4,773. That top liquidity zone is where I expect a real reaction.
Trade setup:
Consider buying only if gold holds above 4,520 - 4,560 and gives a clear continuation response.
Entry zone: after confirmation, 4,560 - 4,600
Deeper buy zone: if price dips and reclaims, 4,470 - 4,520
Stop loss: below 4,420
TP1: 4,630
TP2: 4,720
TP3: 4,773
No pullbacks—don’t chase. Simple.
If gold closes strong below 4,420, this bullish continuation idea becomes messy. Then the move could turn into a breakout trap, and price may revisit 4,360 - 4,370.
For now, I’m interpreting it as: weekly buyer liquidity has been cleared, the channel is holding, and 4,773 is still waiting.
Do you think gold will go straight to 4,773, or will it first range out the late buyers?
That weekly timeframe breakout is no longer quiet.
The gold has been repeating the same thing all week. Traps, reclaiming, squeezing.
At the start of the week, 4,357 is the key line. Buyers defended it. Then price pushed back to 4,400, took out 4,450, and the retest of 4,458 turned into the real decision point. Once gold holds above that zone, the shorts run into trouble.
Then 4,523 gets marked.
Then 4,563.
Now price is hovering around 4,603, still running within the bullish channel. This is strong—no need to pretend it isn’t.
But yes, I still won’t chase vertical candles.
The bigger read is simple. Gold has broken the old buyer liquidity around 4,360 - 4,380, flipped the entire area into support, and then started expanding toward the next quality zone below. The market isn’t chasing lower right now. It’s looking for the next higher liquidity pool.
Bias: stay bullish as long as price holds above 4,520 - 4,560.
If gold cools down to channel support and holds, that’s a clearer reload. The next upside area first is 4,630. Above that, 4,720 starts to matter.
The big magnet on this chart is 4,773. That top liquidity zone is where I expect a real reaction.
Trade setup:
Consider buying only if gold holds above 4,520 - 4,560 and gives a clear continuation response.
Entry zone: after confirmation, 4,560 - 4,600
Deeper buy zone: if price dips and reclaims, 4,470 - 4,520
Stop loss: below 4,420
TP1: 4,630
TP2: 4,720
TP3: 4,773
No pullbacks—don’t chase. Simple.
If gold closes strong below 4,420, this bullish continuation idea becomes messy. Then the move could turn into a breakout trap, and price may revisit 4,360 - 4,370.
For now, I’m interpreting it as: weekly buyer liquidity has been cleared, the channel is holding, and 4,773 is still waiting.
Do you think gold will go straight to 4,773, or will it first range out the late buyers?