Mobarok Hossain
April 25, 2024
Gold (XAUUSD) on the 1-hour time frame is currently consolidating right above a key demand zone. We are waiting for a classic liquidity sweep of the low at 4342.53 to grab sell-side liquidity before confirming a high-probability bullish reversal/continuation higher.
Gold (XAUUSD) on the 1-hour time frame is currently consolidating right above a key demand zone. We are waiting for a classic liquidity sweep of the low at 4342.53 to grab sell-side liquidity before confirming a high-probability bullish reversal/continuation higher.
Trigger Level: 4342.53
Confirmation Rule: Wait for an H1 candle to wick below 4342.53 (sweeping sell-side liquidity) and close above this level.
Bias: Bullish Continuation
| Level | Price Target | Target Note |
| TP1 |
|
First local resistance / partial profit zone |
| TP2 |
|
Key high liquidity pool |
| Final TP |
|
Extended expansion target |
Trade Management Note: Do not jump into the position prematurely. Confirmation requires the H1 candle to close above the key trigger level (
4342.53) to validate that the move was purely a liquidity hunt rather than a true downside breakout. If one candle closes below and the next candle closes above the entry still will be valid. Ensure proper risk management per your account sizing.
