$XAU is here because price swept the intraday low, then exploded upward in one clean impulse and is now pulling back slightly under the local high. This doesn’t look like weakness — it looks like a reset after expansion, and that’s where continuation trades get built.

Market read

XAU dipped into the 4,995 low zone, grabbed liquidity, and immediately reversed. After that sweep, buyers stepped in hard and pushed price straight into 5,059. Now price is sitting around 5,039 with smaller candles after the spike. I’m reading this as bullish structure because the move up was strong and the pullback is controlled, not a collapse.

Entry point

I’m looking to enter between 5,030 – 5,015

This zone matches the post-impulse retest area and the nearest demand created during the breakout.

Target point

TP1: 5,059

TP2: 5,085

TP3: 5,120

These levels line up with the previous high liquidity first, then the next expansion zones above if momentum continues.

Stop loss

4,995

If price comes back below this level, it breaks the sweep-reversal structure and the setup is invalid.

How it’s possible

The drop into 4,995 looks like a liquidity grab because price didn’t stay there — it reversed instantly and expanded upward with strong candles. After a move like that, price often retests the breakout zone (5,030 – 5,015) to confirm buyers are still holding. If XAU holds that retest and reclaims the short-term range high, the next push can run stops above 5,059 and extend into the upper targets.

Risk is defined, structure is bullish, and the trade only works if the retest holds.

Let’s go and Trade now $XAU