X AUUSD (H2) – Liam from LA_Trader_Fx thinks about OANDA:XAUUSD — TradingView

Gold is recovering from a demand base of 4550-4600, but the broader structure of the second half still points to a selling environment. The current move higher appears to be corrective, driven by short covering and liquidity rotation, rather than a confirmed trend reversal.

Looking at the chart, the price is moving back towards 4900-5030 points, an area where allocations are prioritized and liquidity is comfortable. Unless price can accept above this area, a bounce should be viewed as a selling opportunity rather than an exit confirmation.

Main technical areas

Main sales area: 5536 – 5580 (HTF width)

Recent reaction area: 5000 – 5030

Main order base: 4550 – 4600

Internal support: ~4730

Market background
Recent U.S. political headlines and institutional commentary have added an additional layer of headline-driven volatility, increasing the risk of severe volatility and liquidity withdrawals. In this case, gold tends to react randomly during the day, but once the noise subsides, the structure on the higher time frames tends to come back into play.

direction

As long as the price remains below 5030, seller sentiment will remain dominant.

Failure to sustain above 4730 will open the opportunity for a return to demand base.

Only a clear acceptance above 5030 → 5100 in H2 can offset the downside structure.

Implementation Notes
Avoid chasing momentum in news-driven meetings.
Let the price reach a certain level. Trade reactions, not headlines.

— Liam