Gold Cooled Off at 4,116 — Here's Why I'm Still Buying
Gold just did something interesting, and if you weren't watching closely you'd have missed it. After two clean descending channels got swept out — each one flipping structure with a ChoCH before confirming with a BOS — price finally broke free and ran hard into 4,190, printed one more sneaky push to 4,157, and then… paused. That pause is the whole story right now. To me it looks like the market grabbed the liquidity sitting above 4,180, got what it came for, and is now breathing back down into the zone that actually started this whole rally — the 4,093 to 4,116 order block. That's not weakness, that's the market coming home to refuel before the next leg.
My read is simple: this pullback is a retracement into origin, not a reversal. If price holds the 4,093–4,116 shelf and reacts the way order blocks tend to, I'm looking for the next impulsive push toward 4,223, my intraday target. The zone is basically asking "do you trust the breakout
Gold just did something interesting, and if you weren't watching closely you'd have missed it. After two clean descending channels got swept out — each one flipping structure with a ChoCH before confirming with a BOS — price finally broke free and ran hard into 4,190, printed one more sneaky push to 4,157, and then… paused. That pause is the whole story right now. To me it looks like the market grabbed the liquidity sitting above 4,180, got what it came for, and is now breathing back down into the zone that actually started this whole rally — the 4,093 to 4,116 order block. That's not weakness, that's the market coming home to refuel before the next leg.
My read is simple: this pullback is a retracement into origin, not a reversal. If price holds the 4,093–4,116 shelf and reacts the way order blocks tend to, I'm looking for the next impulsive push toward 4,223, my intraday target. The zone is basically asking "do you trust the breakout
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👉 5–7 Free One-Shot Signals Weekly
👉 Daily Market Plan & Bias
🔥 VIP: 4–6 Swings + 10–20 Scalps Daily
📈 Transparent results, clear setups
👉Click here: t.me/+FgX34kKeY0cyZjc1
👉 Daily Market Plan & Bias
🔥 VIP: 4–6 Swings + 10–20 Scalps Daily
📈 Transparent results, clear setups
👉Click here: t.me/+FgX34kKeY0cyZjc1
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.