XAUUSD Weekly Outlook: Liquidity Sweep at 4200, Bearish BiasGoldOANDA:XAUUSDMr_Nolan_ForexXAUUSD Weekly Outlook | 4H Gold swept the liquidity above the 4,200 area twice and was rejected both times. The latest push into 4,200 also came at the top of a rising channel, which looks corrective after the previous sell-off. Key observations Liquidity sweep: Price took the highs near 4,200 and printed a strong bearish rejection candle. Corrective channel: The recovery from the 4,080 area is moving in a rising channel, and price is now testing the lower channel boundary. Resistance: 4,217 to 4,230 remains the major supply zone above. Support: The first support zone is around 4,108 to 4,117, then the main support at 4,068 to 4,082. Scenario (bearish bias) If price breaks and holds below the channel, I expect a move toward: Target 1: 4,155 Target 2: 4,132 Extended target: the 4,108 to 4,117 support zone Invalidation: A strong 4H close above the 4,200 high would weaken this setup, and the bias would shift back to the 4,217 to 4,230 resistance. Wait for confirmation on your own timeframe and manage your risk. Watch high-impact USD news, as it can change the picture quickly. If you found this useful, a like and a follow are appreciated. Share your view in the comments. Disclaimer: This is for educational purposes only and not financial advice. Trade at your own risk.