This pullback in XAU is not something I see as weakness — it’s a healthy reset. After an aggressive upside move, price needed to cool off, clear late longs, and rebalance liquidity. That $15.709K long liquidation at 4892.31 did exactly that. Corrections like this allow the market to rebuild structure instead of pushing higher on fragile momentum.
Right now, I’m watching the 4875–4895 zone closely. This area lines up with previous intraday support that was broken and quickly reclaimed earlier, which tells me buyers have already shown interest here. It also sits near a key Fibonacci retracement of the last impulsive move, making it a natural reaction area. Every time price trades into this zone, volume steps in — they’re building strength, not distributing.
If this level holds, I expect continuation rather than deeper downside. The liquidation already flushed weak hands, and what’s left looks more controlled and deliberate.
Trade Setup (Long):
Entry Zone: 4878 – 4895
Target 1: 4935
Target 2: 4985
Stop Loss: 4845
I’m not chasing — I’m letting price come into value. If this level holds and we see acceptance above the zone, the upside expansion makes sense. If it doesn’t, I step aside. Simple as that.
#write2earnonbinancesquare #AISocialNetworkMoltbook #MarketCorrection $XAU
