XAUUSD 15M — Liquidity and OB/FVG AnalysisGoldOANDA:XAUUSDGOLD_MARKET_XAUUSD is currently trading around **4626.8** after a strong reaction from the marked **Demand Zone** near the **4580–4587** area. The recent bullish displacement pushed price higher and produced a short-term **CHoCH**, indicating that the immediate bearish momentum has weakened. ### Key Structure Levels 🔹 **Current Structure:** Short-term bullish shift after the reaction from demand. 🔹 **OB / FVG Zone:** **4600–4617** This area is the main retracement zone on the chart. A pullback into this imbalance/order-block region may be important to watch for renewed buying interest, but confirmation from price action would still be required. 🔹 **Demand Zone:** **Approximately 4580–4587** This remains the broader downside reaction area. A decisive move below this zone could weaken the current bullish structure. 🔹 **Upside Liquidity:** * **4670 area** — First marked BSL * **4697 area** — Higher BSL / external liquidity ### Market Outlook As long as price respects the **4600–4617 OB/FVG region**, the recent bullish shift may remain valid and price could continue exploring higher liquidity zones around **4670** and potentially **4697**. However, if price loses the **4600 area** with clear bearish acceptance, the focus may shift back toward the underlying demand zone. A break below that demand area would invalidate the current bullish recovery structure and could signal a deeper retracement. ⚠️ **This analysis is based on market structure, liquidity concepts, and price action. It is for educational purposes only and represents a market scenario, not a guarantee or financial advice. Always wait for your own confirmation and manage risk accordingly.** **Suggested TradingView title:** **XAUUSD 15M: Bullish CHoCH | Watching OB/FVG for Continuation**