Gold Sweeps Liquidity, Reversal Points To Fibo Zone BounceGoldOANDA:XAUUSDZenTrade_SetupNew to trading charts? Here's the simple version: gold made a sharp drop, grabbed some resting orders at the bottom, and now looks ready to bounce back up. Let's walk through why. On the 1H XAUUSD chart, gold had been climbing steadily until it hit the Resistance Zone near 4,680–4,700 — think of this as a "ceiling" where sellers previously stepped in. After tapping this high, price rolled over hard, breaking down through a series of confirmed BOS (Break of Structure) signals, each one confirming sellers were taking control of the short-term trend. This decline accelerated into a sharp drop that swept below 4,397 — a level marked as "Liquidity" on the chart. In simple terms, this means the price dipped just low enough to trigger stop-losses and pending sell orders sitting below that level, before quickly snapping back up. This kind of move is often called a "liquidity grab" — the market shakes out weak positions before reversing direction. Since that sweep, price has recovered sharply and is now trading at 4,458.165, pushing back up into the Fibo Zone between roughly 4,520 and 4,545. This zone marks the 0.382–0.5 Fibonacci retracement of the entire down move, a common area where price often pauses or reverses after a sharp reversal like this one. If buyers can push through this Fibo Zone with conviction, the projected path points toward continued upside, with gold potentially climbing beyond 4,560 in the sessions ahead. The key level to watch here is the Liquidity zone near 4,397 — as long as price holds above this level, the reversal scenario stays valid. A break back below would suggest the sweep failed and deeper downside could follow. Do you think gold pushes through the Fibo Zone and continues climbing, or does it stall here first?