Gold (XAUUSD) on the 30-minute timeframe is showing a strong bullish recovery after reacting from the marked demand zone near recent weak lows. Price respected support and formed a clean market structure shift, suggesting buyers may remain in control.
Current price is holding above the key support region around 4700 – 4690, where demand stepped in previously. As long as price remains above this zone, bullish continuation is favored toward the next liquidity targets.
A break above near-term resistance around 4730 – 4740 could open the path for an impulsive move into 4750, followed by the major swing high/liquidity zone near 4773. If momentum remains strong, price may extend even higher into the premium supply zone above.
Key Levels:
Support Zone: 4700 – 4690
Bullish Confirmation: Hold above support + breakout of 4730
Target 1: 4750
Target 2: 4773
Extended Target: 4789+
Invalidation: Clean break below 4684
Trade Idea:**
Look for pullbacks into support or breakout confirmation above resistance before entering long positions. Manage risk with stop-loss below key demand zone.
This setup is based on liquidity concepts, bullish structure shift, and continuation momentum.