Alex Bobrov
⬤ Gold shot higher on the XAU/USD 1-hour chart after breaking through a key structure level following a sweep of downside liquidity. Price aggressively reclaimed important levels and pushed into premium territory, showing clear bullish momentum. The chart reveals that liquidity sitting below earlier lows was cleanly swept out, triggering a sharp impulse that carried gold toward the $4,665–$4,685 area.
⬤ After the breakout, XAU/USD started losing steam near the highs, where signs of rejection are becoming visible. Price is currently hanging out in a premium zone—a spot that typically attracts sellers after a strong rally. There's an unfilled gap and imbalance sitting below current levels, which strengthens the case for a pullback before any fresh bullish leg. This kind of behavior is pretty typical after breakouts, more like consolidation than an actual reversal.
⬤ The technical map lays out a potential sell zone between $4,665 and $4,685, with the setup getting invalidated above $4,705. On the way down, the first level to watch sits near $4,600, with deeper support around $4,525. That lower zone lines up with a Fair Value Gap and a marked support area, making it more significant if price does start retracing. These levels show a structured corrective scenario rather than any major weakness in gold.
⬤ This setup matters because it shows how even strong bullish runs can stall out once price reaches premium levels while leaving inefficiencies below. A controlled pullback into those lower zones could help rebalance things and set up the next directional move. Right now, traders are watching whether gold fills that gap and how it reacts at key support levels—that interaction will likely shape the next phase of short-term price action.
Alex Bobrov
