Gold price is currently fluctuating near a key 4-hour swing level, with the $4,772 resistance acting as a significant barrier that could challenge further upside. A break above this level will likely require additional liquidity to be collected from lower levels.
Considering that price needs stronger momentum to break through the $4,758–$4,772 supply zone, we have outlined two scenarios:
In the first scenario, after the initial penetration into the supply zone, a mild rejection toward the $4,720 area is expected to maintain bullish momentum. Following this pullback, the $4,810 level is considered as the next target on the 4-hour structure.
In the second scenario, which assumes a deeper correction, price is expected to sweep liquidity below the $4,660 level and then move upward from around $4,640 toward the same $4,810 target.
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