⬤ Gold's been grinding through a recovery since bouncing off recent lows, now sitting just under the 5000 mark. Price action's gotten pretty tight near resistance—candles are compressing, which usually means buyers and sellers are taking a breather rather than gearing up for an instant breakout.
⬤ After breaking structure from below, Gold's flipped bullish and pulled back into that 4850–4880 demand zone. Buyers showed up right on cue, pushing higher lows from there. That zone's still holding as structural support while price hovers around 4960.
⬤ There's equal highs sitting above current price along with a weak high liquidity zone. The likely path? A quick dip back toward demand, then continuation upward. If that 4850–4880 area keeps doing its job, next stops are 5000 and 5050, with the bigger liquidity target around 5100 where the weekly high sits.
⬤ Bottom line: as long as price stays above that demand zone, the bullish setup stays valid. Breaking higher confirms the move toward overhead liquidity. Losing support? That kills the whole sequence. Right now, gold's showing controlled buying pressure just below key resistance.
