XAUUSD Potential Liquidity Grab Before Continuation

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XAUUSD Potential Liquidity Grab Before ContinuationGoldOANDA:XAUUSDmsurubel1Gold is currently trading inside a short-term bearish structure after a strong rejection from the recent swing high. The market is forming lower highs and lower lows, indicating that sellers still control the momentum in the short term. At the moment, price is approaching a key liquidity zone around 5059, where a cluster of previous reactions and resting orders exists. This level could act as a magnet for price, potentially creating a liquidity sweep before the next directional move. My expectation is: • Price may push up into the liquidity zone to collect buy-side liquidity. • After the sweep, sellers could step in again, causing a rejection from this area. • If the rejection is confirmed, the next downside target sits near 4995, where a strong support level and previous demand area exist. The RSI also shows a slight recovery from oversold conditions, which supports the idea of a short-term retracement before continuation downward. Key Levels Liquidity / Resistance: 5059 Current Price Area: ~5020 Bearish Target: 4995 As always, wait for confirmation such as rejection candles or momentum shift before entering any trade. This analysis is for educational purposes and reflects my personal market view.