Mobarok Hossain
April 25, 2024
Spot Gold (XAU/USD) has completed an institutional liquidity sweep at the lower boundary of a **Falling Wedge** pattern near the **3,990.00** region. Price action has executed a sharp impulse move upward, breaking out of the upper trendline and testing the H4 Fair Value Gap (FVG) / Break of Structure (BOS) zone between **4,066.12** and **4,098.37**. This sets up a high-confluence retest scenario targeting top-side supply objectives.
### **Key Technical & Liquidity Levels**
* **Structural Support / Swing Low Base:** **3,990.00**
* **H4 FVG Retest & Demand Zone:** **4,066.12 – 4,098.37** — Key confluence of the H4 Fair Value Gap and previous BOS structure.
* **Intermediate Resistance Target:** **4,186.23** — Local structural pivot.
* **Primary Expansion Target:** **4,217.37** — Major overhead institutional supply and liquidity pool.
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### **Technical Framework & Execution Strategy**
1. **Wedge Breakout & FVG Retest:** The momentum shift out of the falling wedge validates buyer control. Price is currently retesting the **4,066.12 – 4,098.37** H4 FVG zone. Acceptance within or above this zone establishes a strong higher-low foundation.
2. **Bullish Expansion Scenario (Target: 4,217.37):** Sustained lower-timeframe bullish order flow above **4,098.37** supports a continuation leg higher, clearing **4,186.23** toward the primary objective at **4,217.37**.
3. **Setup Invalidation:** A sustained H4 candle close below **4,066.12** invalidates the immediate FVG retest setup, returning price action to internal wedge consolidation.
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*Disclaimer: This analysis is provided strictly for educational purposes and does not constitute financial or investment advice.*
