XAUUSD

On the 4-hour chart, the market structure shows a significant reversal pattern consistent with ICT/SMC principles. The price successfully swept sell-side liquidity below the 4520 swing low, followed by a violent displacement to the upside. This displacement resulted in a Change of Character (CHoCH) by breaking above the internal swing high at 4640. From an institutional perspective, this 'Stop Run' followed by a break of structure confirms the transition from a bearish to a bullish phase in the medium term. Currently, the price is approaching a premium supply zone. However, the velocity of the move suggests that any retracement to the discount array—specifically the Bullish Order Block and FVG near 4600—will likely be met with further buying pressure. The primary upside objective is the untapped liquidity and supply cluster situated between 4760 and 4800. Traders should monitor the 4760 level as the first major target where partial profits may be taken. (Not Financial Advice)