Gold accessing liquidity – Awaiting breakout

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Gold is currently moving in a sideways accumulation range, with repeated liquidity sweeps on both sides, making both buying and selling positions vulnerable.

This is a difficult phase for breakout trading, as price action is more focused on liquidity grabs before choosing a clear direction.

Be cautious in this phase — the market is likely clearing liquidity before a breakout.
The 4750 area is a key level to watch, with a preference to look for buy setups if there is a clear reaction.

From a fundamental perspective, the U.S.–Iran ceasefire is set to expire on April 21, and the market is awaiting the next round of negotiations.
The Israel–Lebanon ceasefire brings some hope for easing tensions.
At the same time, the 60-day window for U.S. military action is approaching its end by late April.

All of these factors suggest that the market is waiting for a catalyst to break out of the current range.

Technically, the nearest resistance lies at 4810–4815. A break and hold above this level could open the way toward 4838.
On the downside, key support levels are 4750–4760, with a deeper zone at 4700–4710.

The preferred scenario is for price to continue sweeping down into the 4750–4760 zone, or even deeper, to grab liquidity before a potential move higher.
If price holds above 4815, further upside expansion is possible.

For the mid-term, a potential sell setup around 5000 can be considered if price reaches that level.

👉 Follow for updates when price reaches key levels and confirms the next move 🚀

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