XAUUSD is trading around 4,060 inside a broad H1 range between 3,997 and 4,120. Price has recovered from the lower structure, but the market remains below the upper order block and buy-side liquidity.

Gold is supported by falling oil prices after the U.S. held off further attacks on Iran, easing inflation concerns. However, the dollar, Treasury yields and upcoming U.S. manufacturing data may keep volatility elevated.

Technical View

Gold is holding above the latest MSS area and may continue recovering through the 4,065–4,073 FVG.

The main decision zone sits at 4,108–4,119. This area combines the upper range boundary, buy-side liquidity and the marked order block. A liquidity sweep followed by bearish rejection would favour a rotation back through the range.

The first downside support is around 4,065–4,073. A confirmed breakdown below this area would expose 4,020–4,030, followed by the range low at 3,997.042.

Key Zones

Current price: 4,059.835

Immediate FVG: 4,065–4,073

Main sell zone: 4,108–4,119

Buy-side liquidity: 4,110–4,119

First support: 4,020–4,030

Main target: 3,997.042

Bearish invalidation: above 4,125

Trading Plan

Sell Priority: 4,108–4,119

Condition: wait for an H1 sweep of buy-side liquidity, followed by bearish rejection, a failed breakout or lower-high confirmation.

SL: above 4,125

TP1: 4,065–4,073

TP2: 4,020–4,030

TP3: 3,997.042

Important Note

The FVG may create a short-term reaction before price reaches the upper sell zone. Avoid entering in the middle of the range without confirmation.

Sustained H1 acceptance above 4,120 would invalidate the bearish rotation and open the path toward 4,140.

Final View

Gold remains range-bound, with the cleaner setup located near the upper liquidity zone. The preferred plan is to wait for a confirmed rejection from 4,108–4,119 before targeting 4,070, 4,025 and 3,997.

Will gold sweep the upper liquidity before rotating toward the range low?