XAUUSD: One More Sweep Before Gold Targets the Fibo Zone?GoldOANDA:XAUUSDAndrew_InsightTradeGold is sitting at an interesting point on the H1 chart. Price is trading around 4,155 after a major bearish leg that pushed XAUUSD from the 4,380 area into the 4,110 region. The important detail is that the broader structure has not changed yet. We still have a sequence of bearish BOS, lower highs and lower lows inside a descending structure. But selling at the current price is not automatically the best trade. The market is now sitting close to the same lower boundary that previously attracted buyers, while the 4,110–4,120 area has already produced a meaningful reaction. That creates a situation where I would rather wait for price to reveal its next move than chase the previous selloff. My main focus is the liquidity below 4,110. A sweep below this low into 4,070–4,100 followed by a fast H1 reclaim would be an interesting bullish signal. In simple terms, sellers would push through support, fail to hold below it, and potentially trap late shorts. That is the BUY scenario I want. BUY SETUP Entry: 4,105–4,125 after an H1 sweep and reclaim of 4,110 SL: 4,055 TP1: 4,165 TP2: 4,220 TP3: 4,250–4,280 I would not buy simply because price reaches 4,110. The reclaim is the confirmation. The 4,165 level is the first obstacle because it represents the 0.236 Fibonacci area and nearby short-term structure. If buyers can break and hold above it, the recovery has room to expand. The real destination would then become 4,250–4,280. This is where things get more interesting. The chart shows the 0.5–0.618 Fibonacci retracement sitting roughly between 4,250 and 4,280, while the descending trendline is also moving through this region. That gives us a clear confluence zone where a bullish correction could run directly into sellers. So even if Gold rallies strongly, I would not immediately call it a bullish reversal. I would treat 4,250–4,280 as the decision zone. SELL SETUP #1 — SELL THE RECOVERY Entry: 4,250–4,280 after bearish H1 rejection SL: 4,305 TP1: 4,190 TP2: 4,120 TP3: 4,070 This is currently the cleaner trend-following setup because it sells from premium rather than chasing price near the lows. There is also another bearish scenario. If Gold does not sweep and reclaim 4,110, but instead closes decisively below this support, the bullish recovery idea is invalidated. SELL SETUP #2 — BREAKDOWN Entry: 4,105–4,115 on a failed retest from below SL: 4,145 TP1: 4,070 TP2: 4,050 TP3: 4,030 The distinction is important: Below 4,110 and staying below it = continuation. Below 4,110 and quickly reclaiming it = potential trap. That is the part of the chart I will be watching most closely. For now, my broader H1 bias remains bearish below 4,250–4,280, but the current location makes aggressive selling unattractive. I would rather see Gold sweep the lower liquidity and reverse toward the Fibo zone, or wait for a confirmed breakdown. The market does not need to be predicted candle by candle. It only needs to reach one of our areas and show its hand. Bullish trigger: sweep below 4,110 + reclaim → 4,165 → 4,220 → 4,250–4,280. Bearish trigger: rejection from 4,250–4,280 OR confirmed acceptance below 4,110 → 4,070 → 4,050. Until one of those triggers appears, patience is also a position.