Usman Salis
⬤ Gold just hit a technically loaded zone after a classic liquidity grab on the H2 chart. The metal spent time consolidating before sweeping sell-side liquidity and dropping straight into a fair value gap around $4,575-$4,580. That's where buyers stepped in hard, absorbing the downside pressure and flipping sentiment back to bullish in the short term.
⬤ The bounce from that buy zone happened right after price filled the gap—exactly the kind of reaction traders watch for. Gold climbed back into its consolidation range, and now all eyes are on the upside targets at $4,610 and $4,640. These aren't random numbers—they're the levels marking the next resistance points in the current structure.
⬤ Here's where it gets interesting: there are two clear paths from here. If gold breaks and holds above the consolidation high, the bullish case stays alive with $4,680 as the next extension target. But if price can't stay above that fair value gap, the whole setup falls apart and opens the door for a deeper pullback.
⬤ This matters because these kinds of technical sequences—liquidity sweeps followed by gap reactions—tend to spark the next real move. With gold sitting at such a pivotal spot, the breakout or rejection here will likely shape near-term momentum across the entire precious metals complex.
Usman Salis
