XAUUSD: Returning to the Origin FVG — 4,140 Decides Next Leg
Gold is giving back the entire rally and there's still no real sign of slowing down. Quick recap: price launched from that 4,120 to 4,140 zone back on the 11th, ran all the way up to 4,382, then got rejected hard right at the order block sitting around 4,300 to 4,320. Since that rejection it's been one lower high after another, ChoCH after ChoCH to the downside. Structure broke clean and buyers barely put up a fight on the way down.
What makes this spot interesting is exactly where price is heading now. That same 4,121 to 4,140 zone that originally launched the bullish leg is the area price is dropping straight back into. This isn't some random support level, it's the actual FVG where the rally was born. So basically price is returning to its own origin, and that's what makes this zone the most important one on the whole chart right now.
My take here is simple. Bears are still in control until something proves otherwise. I want to watch closely how price behaves once it taps into that 4,121 to 4,140 box. A long wick, a strong rejection candle, or any sign of absorption there and a short term bounce becomes a real possibility. But if price just slices through without any hesitation, that opens the door straight down to the deeper liquidity sitting near 4,030, which is the low from June 10th.
Invalidation is straightforward too. A clean H1 candle close back above the 4,300 to 4,320 order block and this bearish thesis is done.
Reaction inside the 4,140 zone or a clean break down to 4,030. Which one are you leaning toward right now?
What makes this spot interesting is exactly where price is heading now. That same 4,121 to 4,140 zone that originally launched the bullish leg is the area price is dropping straight back into. This isn't some random support level, it's the actual FVG where the rally was born. So basically price is returning to its own origin, and that's what makes this zone the most important one on the whole chart right now.
My take here is simple. Bears are still in control until something proves otherwise. I want to watch closely how price behaves once it taps into that 4,121 to 4,140 box. A long wick, a strong rejection candle, or any sign of absorption there and a short term bounce becomes a real possibility. But if price just slices through without any hesitation, that opens the door straight down to the deeper liquidity sitting near 4,030, which is the low from June 10th.
Invalidation is straightforward too. A clean H1 candle close back above the 4,300 to 4,320 order block and this bearish thesis is done.
Reaction inside the 4,140 zone or a clean break down to 4,030. Which one are you leaning toward right now?
Operación cerrada: objetivo alcanzado
FULL TP +730PIPS
Nota
+1820pips for this buy zone
⚜️ Daily 4 - 6 Swing SIGNALS
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⚜️ SMC - ICT | Document and Real Trade Logic
⚜️ Forex & Crypto & Gold | SIGNALS
Join here: t.me/+7toh_D6B6ew5MWQ1
⚜️ Daily 9 - 15 Scalping SIGNALS
⚜️ SMC - ICT | Document and Real Trade Logic
⚜️ Forex & Crypto & Gold | SIGNALS
Join here: t.me/+7toh_D6B6ew5MWQ1
Publicaciones relacionadas
Exención de responsabilidad
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⚜️ Daily 4 - 6 Swing SIGNALS
⚜️ Daily 9 - 15 Scalping SIGNALS
⚜️ SMC - ICT | Document and Real Trade Logic
⚜️ Forex & Crypto & Gold | SIGNALS
Join here: t.me/+7toh_D6B6ew5MWQ1
⚜️ Daily 9 - 15 Scalping SIGNALS
⚜️ SMC - ICT | Document and Real Trade Logic
⚜️ Forex & Crypto & Gold | SIGNALS
Join here: t.me/+7toh_D6B6ew5MWQ1
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.