Gold Liquidity Grab: $4,837 Swept, $4,761 Next
XAUUSD took out $4,837 liquidity (SSS) then dumped hard to $4,761. Now retesting mid-range at $4,799.
*Levels:*
Resistance: $4,826 - $4,837 swept high. Bearish while below. Reclaim flips bullish.
Support: $4,776 - $4,780 demand zone. Lose this = $4,761 retest.
Major Target: $4,761 if $4,776 breaks. $4,870 if $4,837 reclaimed.
*Trade:*
Below $4,826 → Short to $4,776 then $4,761. SL $4,840.
Above $4,837 → Long to $4,870. SL $4,815.
*Why It Matters:*
Classic buy-side liquidity grab at $4,837 before dump. $4,799 is now chop zone. Direction decides at $4,826 vs $4,776.
SSS swept. Now hunting $4,761 or reversing to $4,870.
Shorting the retest or waiting for $4,761?
$XAU
#Gold #trading #commodities #TechnicalAnalysis #liquidity