From TradingView · · 40s
Gold Liquidity Sweep Complete
Gold breaks key level after liquidity sweep, targeting 4,380.
In brief
Gold breaks key level after liquidity sweep, targeting 4,380. Gold price rebounded above 4,300 after sweeping liquidity, aiming for 4,380 next. Originally reported by TradingView.
What happened
Gold price dipped below 4,250 on 1-hour chart.
“Price dipped into the support area around 4,250”
Who it happened to
Traders following XAU/USD gold price action.
When and where
As of September 16, 2024, on TradingView.
Numbers that matter
Key level at 4,300, 4,315, support at 4,250, 4,265.
Why it happened
Price swept liquidity before rebounding above key level.
“Price dipped into the support area around 4,250, potentially clearing sell-side liquidity before bouncing”
What happens next
Target 4,378, 4,380 if price holds key level.
“Bullish Target: 4,378, 4,380, near the marked resistance/target area”
The one thing
Gold price rebounded above 4,300 after sweeping liquidity, aiming for 4,380 next.
