XAUUSD – Liquidity Sweep Before Bullish RecoveryGoldOANDA:XAUUSDMason_DrakeXAUUSD is trading around 4,053 after stabilizing above the 4,020 support area. The short-term structure remains corrective, but the projected path favours a deeper liquidity sweep before a bullish recovery. Gold is receiving support from dip-buying as oil prices ease, while elevated Treasury yields and inflation concerns continue to limit momentum. Volatility may remain high ahead of the July 28–29 FOMC meeting, where the Fed is widely expected to hold rates steady. Technical View Price is trading below the broken rising trendline and the Fibonacci 0.236 level near 4,058, keeping immediate pressure bearish. The 4,018–4,024 area is the first support and may produce an early reaction. However, the cleaner buy zone sits at 3,982–3,990, where the projected liquidity sweep and previous demand align. A confirmed recovery from this zone could target the 4,078–4,096 resistance block. Acceptance above that area would strengthen the bullish reversal toward 4,110 and 4,130–4,138. Key Zones Current price: 4,053 First support: 4,018–4,024 Main buy zone: 3,982–3,990 Strong support: 3,960–3,968 Main resistance: 4,078–4,096 Higher resistance: 4,110 Bullish target: 4,130–4,138 Invalidation: below 3,960 Trading Plan Buy Priority: 3,982–3,990 Condition: wait for an H1 liquidity sweep, bullish rejection and confirmed reclaim of the buy zone. SL: below 3,960 TP1: 4,018–4,024 TP2: 4,078–4,096 TP3: 4,130–4,138 Important Note The 4,018–4,024 support may react before price reaches the main buy zone. However, the deeper liquidity area offers the cleaner setup. The 4,078–4,096 zone remains strong resistance. Buyers need clear acceptance above it before targeting 4,130. Final View Gold may remain under pressure toward 4,020 and potentially 3,982–3,990 before the next bullish leg. The preferred setup is a confirmed liquidity sweep and recovery from the main buy zone. Will gold defend 4,020, or sweep the deeper demand zone before reversing higher?