XAUUSD — Recovery stays valid while support holds

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Gold is still holding above the 4377–4413 buy liquidity zone, and that keeps the short-term recovery structure intact.
The key point here is not just the bounce itself, but the fact that price continues to respect the rising support line after reacting from liquidity.

As long as this base stays protected, the market still has room to extend higher.
The first upside area remains around 4550, while the next major pressure zone sits at the 4637 FVG above.

For Kelly, this is no longer a chart in pure sell mode.
The market is rebuilding from support, and buyers are starting to create a cleaner sequence of higher lows.
That does not confirm a full breakout yet, but it does keep the upside path open while the liquidity base remains intact.

For now, gold is recovering with structure — and the next real test is waiting higher.

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