Gold (XAU/USD) Trade Setup – Liquidity Grab, Retest & Potential

This analysis focuses on Gold (XAU/USD) on the 1H timeframe, identifying a strategic trade setup based on liquidity grabs, support-resistance zones, and price action confirmations.

Key Levels:

Resistance: 2,932 - 2,936 (marked in red)
Support: 2,901 - 2,898 (marked in red)
Mid-range levels: 2,920, 2,916, 2,908 (highlighted in yellow)
Trade Plan:

A potential liquidity grab is seen around the 2,898-2,901 demand zone, where buyers could step in, triggering a bullish move.
If price successfully retests this demand zone and shows bullish confirmation, an upward move towards the 2,920 - 2,932 zone is expected.
The red supply zone at 2,932-2,936 is a key resistance level, where a potential rejection and bearish reversal could occur.
A break above 2,936 with strong momentum may indicate further upside potential, while failure to hold this level could signal a short opportunity.
Risk Management:

Stop-loss placed below 2,898 for buy setups and above 2,936 for potential shorts.
Take-profit targets are set at 2,920, 2,932, and 2,936, aligning with resistance levels.
This setup combines liquidity analysis, breakout potential, and price action confluence to optimize risk-reward. Let’s see how the market reacts! 📊🔥