Market Narrative Gold is currently approaching a key support regionโ€ฆ โ€” ๐—š๐—ผ๐—น๐—ฑ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ โ€” TG.ME

Market Narrative

Gold is currently approaching a key support region where liquidity is expected to be collected before the next directional move. The current expectation is for price to sweep the downside liquidity, complete its retracement, and then rotate back to the upside if buyers regain control.

The overall objective is not to predict the market, but to wait for price to interact with the planned levels and then execute only after confirmation.

Liquidity

๐Ÿ”ป Primary Liquidity: Sell-side liquidity resting below the recent swing lows.

๐Ÿ”บ Target Liquidity: Buy-side liquidity above the recent swing highs.

Key Price Levels

๐ŸŸข Demand Zone: Highlighted green area (potential reaction zone)
๐Ÿ”ด Support: Recent swing low / liquidity area
๐ŸŸ  Resistance: Previous intraday high
๐ŸŽฏ Target Zone: Buyside liquidity above the range highs

Trade Plan

โœ… Wait for price to sweep the downside liquidity.
โœ… Monitor for a strong bullish reaction from the demand zone.
โœ… Enter only after confirmation.
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August 2, 2026 469