Gold (XAUUSD) Intraday Signal: Buy from 4,780 Support
Analysis
Gold has completed a liquidity sweep and sharp rejection from the 4,880 weak high, followed by a strong bearish move into the 4,780 demand zone. This area aligns with prior BOS origin and imbalance, making it a key reaction level.
The current price behavior shows absorption of selling pressure inside demand, with structure attempting to stabilize after the impulsive drop. The presence of equal lows (EQL) just below current price suggests liquidity has already been partially engineered, increasing the probability of a bounce.
If price holds above this zone and forms a higher low, we can expect a retracement toward the premium supply around 4,820–4,880, as the broader structure still contains bullish legs.
Trade Setup
Enter: Buy near 4,780–4,800
Stop-Loss (SL): 4,700
Target A: 4,850
Target B: 4,900