In this 1-hour chart of spot gold, the price has recovered its upward momentum after a relatively deep correction and the formation of a key bottom around the 4,080–4,100 zone. The blue area acted as a liquidity-rich support, where the market swept sell-side liquidity before initiating a new bullish leg. Breaking intermediate highs and forming consecutive higher structures indicate that order flow has shifted in favor of buyers, with the market aiming to fill inefficiencies and reach higher supply levels.
The price is now approaching the significant resistance zone labeled CISD, an area that previously caused a strong bearish reaction and holds considerable liquidity above it. Touching this level may trigger a short-term pullback; however, as long as the price holds above the reclaimed purple level, any dip remains a healthy correction within the broader bullish structure.
If buyers manage to break this key resistance with strong momentum and high-volume candles, the next upside targets lie within the 4,240–4,260 range. Conversely, a strong rejection from CISD could signal a move back toward lower support zones. Overall, the market structure remains bullish, but the CISD level will be the decisive point for the next major move.
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