Gold is back above 4,100, but the real question is whether this rally has enough liquidity to break the descending trendline and attack the 4,166.748 Weak High.

The M30 chart is showing a meaningful structural recovery from the 4,020–4,025 area. After the sell-side reaction, price formed a CHoCH, followed by consecutive BOS confirmations around 4,050, 4,065, and 4,080.

This sequence is important: sellers previously controlled the market, but the recent price action shows buyers progressively reclaiming internal structure.

📊 M30 Market Structure

The current structure is bullish:

Liquidity sweep → CHoCH → BOS → Higher Highs → Higher Lows

Price is now trading around 4,102, after breaking above the 4,080 structural resistance.

However, buyers are approaching the first major obstacle.

🔴 Resistance / Liquidity

4,125–4,135
This area overlaps with the descending trendline and represents the first meaningful supply zone.

Above it sits the major Weak High at 4,166.748.

If price breaks and holds above 4,135, the weak high becomes the obvious buy-side liquidity target.

🟢 Key Demand Zones

4,080–4,090
→ Primary BOS retest / bullish demand.

4,050–4,055
→ Secondary support if the first zone fails.

4,000–4,010
→ Major structural demand and deeper liquidity.

This is not a normal trading week.

US Durable Goods Orders headline today’s calendar, while FOMC on Wednesday and GDP, Core PCE and Initial Claims on Thursday create a much larger volatility window.

For Gold, the reaction function is straightforward:

Softer US growth / softer inflation → USD & yields pressure → potential Gold upside.

Stronger data / hawkish Fed repricing → USD & yields support → potential Gold pullback.

That makes the 4,080–4,135 range particularly important before the next macro-driven expansion.
The market has already shifted bullish. Now the question is whether 4,125–4,135 becomes the launchpad for 4,166—or the liquidity trap before another retracement.