Gold (XAU/USD) 4H Timeframe AnalysisGoldOANDA:XAUUSDwizzywise1 🔍 Key Observations** 1️⃣ Market Structure** - **Overall Trend:** The market is in a **strong bullish uptrend**, confirmed by multiple **BOS levels**. - **Break of Structure (BOS):** Higher highs and higher lows indicate continued bullish pressure. - **Weak Highs:** Price has formed **weak highs near 2949.93**, which suggests liquidity is resting above these levels. - **Liquidity Grab Potential:** If price sweeps these highs and rejects, it could indicate a possible short-term reversal. --- 2️⃣ Key Liquidity Zones** - **Previous Day's High (PDH ~ 2949.93):** A key resistance level where liquidity is likely resting. - **Previous Day's Low (PDL ~ 2916.82):** A key support level where liquidity could be grabbed before a bullish push. - **Discount Zone (~2880 - 2850):** A demand area where **smart money might re-enter long positions** if price retraces. --- 3️⃣ Smart Money Considerations** - **Liquidity Grab Scenario:** - If price **sweeps above 2949.93 (PDH) and rejects**, it could indicate a short-term bearish correction. - If price **drops below 2916.82 (PDL) and quickly reverses**, it would signal a liquidity grab before another bullish rally. - **Equilibrium & Order Blocks:** - Price is currently **hovering around a key supply zone**; a strong bullish breakout above **2950** would confirm further upside. - A pullback into **equilibrium (around 2900-2880)** would be an ideal buy opportunity. --- 4️⃣ Trade Setup Refinement** #### **📌 Bullish Scenario** - **Entry Zone:** Look for a liquidity grab around **2916.82 (PDL)** or a retracement into **2880-2850 (discount zone)**. - **Stop Loss (SL):** Below **2840**, in case of deeper corrections. - **Take Profit (TP):** Around **2970 - 3000**, targeting the next psychological resistance. - **Risk-Reward Ratio:** **1:4+**, making it a high-probability long trade. 📌 Bearish Scenario (If Supply Holds at 2950)** - If price **fails to break 2950 and shows rejection**, a short opportunity could emerge. - **Short Entry:** Near **2950-2960** with confirmations of rejection. - **TP for Shorts:** **2916.82 - 2880 (liquidity grab area)**. - **Risk-Reward:** Short-term **scalp trade**, lower probability than long setups. --- 🔹 Final Thoughts** ✅ **Primary Bias:** **Bullish**, waiting for a retracement into **liquidity zones (PDL or discount zone)** before resuming the uptrend. ✅ **Alternative Bias:** If price **fails to break 2950**, a short-term sell setup could play out before buyers re-enter. ✅ **Trade Plan:** Look for a **liquidity grab below PDL or a discount entry near 2880 for buying opportunities**.