Gold (XAU/USD) 4H

Market Context:

The price action is showing a structured bullish move characterized by the filling of inefficiencies and clear liquidity grabs, followed by impulsive bullish continuation.

Key Observations:

FVG Levels:
The chart highlights Fair Value Gaps (FVGs) around the $2,800 and $2,790 regions. These areas act as potential zones where price may retrace to mitigate inefficiencies left by prior impulsive moves.
The Internal Fair Value Gap (IFVG) just below $2,790 aligns with liquidity resting beneath recent lows.

Liquidity Dynamics:
The dashed line marked as "$$" above $2,830 suggests liquidity resting above recent highs, making this level a likely target for a bullish continuation.
Price already filled some inefficiencies during its retracement, indicating healthy price action as it accumulates for another upward push.

Projected Path:
The blue dashed line illustrates a possible scenario:
A short retracement into the FVG zone between $2,800 and $2,790.
A bounce from these levels, targeting the liquidity above $2,830 and potentially continuing the bullish trend.

Structure Shift:
The current price action suggests a Higher High (HH) has been established, supported by bullish momentum.
As long as the FVG zone holds, this would confirm the higher-low formation and indicate bullish market continuation.

Bearish Invalidation:
If the price decisively breaks below $2,780, it would suggest the bullish trend is weakening. This could lead to a deeper retracement towards unmitigated demand zones lower on the chart.

Contextual Note:

Gold’s fundamentals (e.g., macroeconomic news or USD strength/weakness) should also align with the bullish bias for higher confidence in this setup.

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