This move above resistance looks more like a buy-side liquidity sweep than a confirmed breakout.
If price loses the ascending triangle support and fails to reclaim the breakout zone, the market may be preparing for the next sell-side liquidity sweep, with the $3,700 region sitting right below as a magnet.
TA and My Stance: From this chart, the breakout looks shaky: ▫️Price popped above resistance — then got rejected ▫️Momentum is slowing ▫️There’s obvious liquidity sitting below ▫️That usually means: Fake breakout → grab liquidity → move lower.
💡So yes , the downside sweep looks slightly more likely than straight continuation.
💡If price loses ~4,200 and can’t take it back on a retest, then $3,700 becomes a realistic target.
💡Until that happens, it’s simply at risk of a fakeout and not full bearish confirmation yet.
Structure first. Emotions second.
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#GOLD Liquidity Games 🎮or Real Breakout? 👀
This move above resistance looks more like a buy-side liquidity sweep than a confirmed breakout.
If price loses the ascending triangle support and fails to reclaim the breakout zone, the market may be preparing for the next sell-side liquidity sweep, with the $3,700 region sitting right below as a magnet.
TA and My Stance:
From this chart, the breakout looks shaky:
▫️Price popped above resistance — then got rejected
▫️Momentum is slowing
▫️There’s obvious liquidity sitting below
▫️That usually means: Fake breakout → grab liquidity → move lower.
💡So yes , the downside sweep looks slightly more likely than straight continuation.
💡If price loses ~4,200 and can’t take it back on a retest, then $3,700 becomes a realistic target.
💡Until that happens, it’s simply at risk of a fakeout and not full bearish confirmation yet.
Structure first. Emotions second.