Gold holding strong above a key demand zone after sweeping liquidity below the previous consolidation. Buyers stepped in aggressively and reclaimed short-term structure, confirming bullish momentum continuation.
The current setup is a classic buy-side liquidity expansion: price tapped into the mitigation block around 4720-4723 before reacting higher, while maintaining higher lows on intraday structure. As long as this zone holds, the market still looks positioned for another push toward the highs.
Main bullish objective sits around 4765-4770, where resting liquidity and previous highs are likely waiting to get taken. A clean continuation could even trigger acceleration if DXY weakens further and risk sentiment stays defensive.
The idea here is simple:
• Liquidity sweep below range lows
• Strong impulsive displacement to the upside
• Retest into demand / bullish order block
• Continuation toward buy-side liquidity
Momentum remains clearly bullish unless price loses the demand area and starts accepting back below 4715. Until then, dips continue to look like opportunities for buyers rather than reversals. 🚀