Gold continues to rally with strong momentum, supported by both technical structure and the current macroeconomic backdrop.

From a Smart Money perspective, the bullish CHoCH has already been confirmed, and the 4109 reaction zone delivered the expected bullish expansion. After sweeping liquidity and completing accumulation, buyers took control and pushed price back toward the recent highs.

At the same time, a weaker US Dollar and lower US Treasury yields have provided additional support for Gold.

📍 The next key level I'm watching is 4217.

This is the next major liquidity area and the level where I expect the first meaningful reaction from sellers.

Bullish scenario 🟢

Holding above 4180 and securing an H1 close above 4217 would strengthen the case for further upside. (4259.22)

Bearish scenario 🔴

A strong rejection from 4217 could trigger a pullback toward 4170–4150 before the trend decides its next move.

📊 Probability over prediction. Market structure decides.