XAU/USD : Liquidity Grab at $2733, Next Trend Awaits NY Session!
Updated
By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722.
As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions:
Supply Zones: $2727, $2742, $2753
Demand Zones: $2717, $2711, $2703
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As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions:
Supply Zones: $2727, $2742, $2753
Demand Zones: $2717, $2711, $2703
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade active
Update on 
GOLD Analysis
As expected, with the opening of the New York market, the price reached $2727. Right after touching this level, it has successfully dropped by over 20 pips so far! 🎯
Stay tuned for further updates, and let’s see how the market unfolds! Cheers!
Note
By analyzing the gold chart on the 4-hour timeframe, we observe that after yesterday's analysis and the initial reaction to the designated zone, the price continued its upward movement. Following minor reactions to the $2742 and $2753 levels, gold experienced further growth and has so far managed to reach $2763. It seems this momentum is still ongoing, and we can expect gold to reach $2770 soon. We need to closely monitor the price reaction at this level. This analysis will be updated!
Trade closed: target reached
By examining the gold chart in the 4-hour timeframe, we see that the price had a correction to the range of $2740 yesterday and today, which was again accompanied by demand pressure. Currently, it is trading in the range of $2753. Likely, with the pullback, the price has gathered more liquidity and now has more power to rise. The price faces several important supply levels ahead, which, if broken, could see gold rise to $2770. These important supply levels are $2755, $2757, and $2759, respectively.
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