Usman Salis
⬤ Gold trades in a narrow band on the 4-hour chart and sits just below the mid range ceiling near $4150. The plan now is to test the recent daily lows close to $3960 and to watch whether buyers appear after that drop. If sentiment turns positive once that liquidity is taken, the next objective lies at $4200. Price has fallen from a local peak yet remains above the wider range support.
⬤ The trade idea rests on a sweep beneath the cluster of short term lows shown on the chart. That liquidity pocket rests just above the major support at $3960, the level that halted the last sell off. Once the sweep occurs, a climb back through the mid range could start the next upward leg. Gold has moved sideways between $4400 resistance plus $3960 support - current action shows a market that is neutral but prepared to choose direction.
The plan is to sweep the recent daily lows and then see whether strength appears.
⬤ The bullish view gains ground if buyers dominate after the sweep. The expected route shows that retaking the mid range area could launch a push toward $4200. Tight price action and falling volatility indicate that gold is waiting for a trigger before its next large move.
⬤ This situation leaves gold at a key point. A clear sweep followed - buying would back the bullish story but also might lift mood across commodities. If the mid range zone is not reclaimed, price would likely head back toward the lower edge near $3960 altering the outlook for the next macro driven phase.
Usman Salis
