XAUUSD (Gold) Analysis

Gold is currently trading inside a corrective structure after taking liquidity from the highs near the MSS zone.

Price rejected from the FVG / supply area around 4740-equivalent zone on your chart and is now sitting near key support.

Bearish Scenario:

• Break & close below support zone

• Momentum continuation toward the OB demand below

• Liquidity sweep already taken from highs

Target 1: Internal liquidity lows

Target 2: OB zone below

Final target: Full imbalance fill

Bullish Scenario:

If support holds and buyers reclaim the FVG zone, gold can push back toward recent highs.

Right now this looks more like: “retest → reaction → then directional move” rather than immediate trend continuation

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