XAUUSD – Gold Holds Support, 4,473 In Focus GoldOANDA:XAUUSDHannah_MarlandXAUUSD – Gold Holds Support, 4,473 In Focus Gold is trading around 4,403 after a sharp pullback from the upper resistance area. The short-term structure is now at an important decision point. Price has returned to the buy order liquidity zone near 4,399 – 4,410, which is also close to the rising trendline support on the chart. This area may decide whether gold continues the recovery or forms another bearish leg. From the fundamental side, gold is still supported by geopolitical tension in the Persian Gulf. New threats from Iran and fresh risk concerns may keep safe-haven demand active. However, traders are also waiting for U.S. CPI data, and this can increase volatility because inflation data may affect Fed rate expectations. Technical view: Gold pulled back after rejecting from the upper FVG area. Price is now reacting near the 4,399 – 4,410 buy order liquidity zone. As long as this zone holds, the short-term recovery structure remains valid. The first resistance to break is around 4,448. If gold breaks above 4,448, the next target is the sell scalping liquidity zone around 4,473. A stronger bullish continuation may push price toward the upper channel area near 4,520 – 4,540. If gold loses 4,399, the recovery structure becomes weaker and price may retest lower support. Key levels to watch: Current price: 4,403 Buy order liquidity zone: 4,399 – 4,410 First resistance: 4,448 Sell scalping liquidity: 4,473 Upper resistance target: 4,500 – 4,520 Invalidation: below 4,380 Main scenario: If gold holds above 4,399 – 4,410 and forms bullish confirmation, buyers may try to push price back toward 4,448 first. A clean break above 4,448 can open the way toward 4,473. If momentum stays strong, the next upside area will be around 4,500 – 4,520. Alternative scenario: If gold breaks below 4,399 and fails to recover quickly, sellers may regain short-term control. In that case, price may move lower toward 4,380 before another reaction appears. Hannah’s view: Gold is still holding the key support area, but confirmation is very important today. I do not want to chase the market while price is sitting inside the decision zone. The cleaner plan is to wait and see whether buyers can defend 4,399 – 4,410. Main view: gold remains supported while holding above 4,399. A break above 4,448 supports continuation toward 4,473. No confirmation means no trade. Do you think gold will defend the buy order liquidity zone, or will CPI pressure push price lower first?