Gold (XAUUSD) – Clean Reaction from Demand

[tradelikepro]

Hi!

Price came into the 4730–4740 demand zone and reacted exactly how you’d want to see it → quick rejection, no acceptance below, and straight back above support. That kind of reaction usually means buyers are still in control.

We also got a sweep below the recent lows before the bounce, so this looks like a classic liquidity grab → continuation setup.

As long as price holds above this zone and the trendline, I’m looking for a push higher toward 4860–4880. The current consolidation around 4770 just looks like a base forming before the next move.

Could we dip again into demand? Yes. But unless 4730 breaks, the idea stays bullish.

For now, it’s simple: hold support → look higher.

[encrypted]

overall the setup remains bullish as long as support holds but continuation will need momentum to reach the 4860 to 4880 zone

[chainsniff]

a move toward 4860–4880 aligns with a continuation scenario but will require sustained momentum above 4770