Will the Liquidity Sweep Trigger a Pullback? | XAUUSD 07/08
Gold remains in a strong bullish structure after the recent impulsive rally. However, price is now consolidating just beneath the 4,295–4,305 Buy-Side Liquidity (BSL), suggesting momentum may be slowing as the market approaches a key decision area.
📊 Market Outlook
While the higher-timeframe trend remains bullish, the rally has left several imbalances below current price. A liquidity sweep above the recent high could be followed by a corrective move into the 4,160–4,180 Fibonacci zone, where the FVG and higher-timeframe demand align.
🎯 My Bias
My bias is for price to sweep the BSL first, then monitor for lower-timeframe confirmation of a retracement toward the imbalance below. This would be a healthy correction rather than a change in the overall bullish structure.
👀 Key Levels
BSL: 4,295–4,305
Liquidity: 4,220–4,230
Fibonacci Zone: 4,160–4,180
Small Order Block: Around 4,070
⚠️ Invalidation
A strong bullish acceptance above 4,305 would weaken the corrective scenario and suggest buyers remain in control.
💬 Do you expect Gold to continue higher immediately, or will it first rebalance the liquidity below? Share your thoughts below.