I’m seeing short positions get removed around $4886.96, and price stayed elevated instead of retracing. The response looks steady, indicating sell pressure was absorbed while demand held the level.
Price is holding above the $4880 reaction area, keeping the structure supportive rather than weak. Upward strength is rebuilding as liquidation flow reduces downside drag from the move. Liquidity is positioned above $5000 and $5150, which often draws price higher if participation remains active.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I’m seeing short positions get removed around $4886.96, and price stayed elevated instead of retracing. The response looks steady, indicating sell pressure was absorbed while demand held the level.
EP (Entry Price): $4915
TP1: $4980
TP2: $5085
TP3: $5250
SL (Stop Loss): $4805
Price is holding above the $4880 reaction area, keeping the structure supportive rather than weak.
Upward strength is rebuilding as liquidation flow reduces downside drag from the move.
Liquidity is positioned above $5000 and $5150, which often draws price higher if participation remains active.
$XAU