XAUUSD Market Structure Suggests Potential Reactions at Key Technical Areas
The XAUUSD market is currently situated near several significant technical areas that could influence its next directional move, according to Elite-Gold-SMC's analysis on TradingView.
These areas include a potential supply/resistance zone above and a demand/reaction zone below, where sellers and buyers may become active if price revisits these regions.
The Fair Value Gap (FVG) in the chart highlights an area of price imbalance that could attract future retracements, often monitored alongside market structure to assess whether the current trend will continue or undergo correction.
Liquidity also plays a crucial role, with buy-side liquidity above previous highs and sell-side liquidity below previous lows acting as potential price targets. A strong rejection or market-structure shift following a liquidity sweep may provide confirmation for a directional move.