Been watching gold grind lower all week, but the last leg down completely changed my mind. That push through 4,021.815 into the 3,982 lows wasn't a real bearish drive. It was a sweep. Price took out the liquidity resting below, stalled, and never followed through. When a move breaks a level and dies right after, that usually tells me the job is done. Someone bigger just filled their longs down there.
So my read is simple now. The downside fuel is spent, and the next magnet sits above us. There's a fat pool of sellside stops parked at 4,060 to 4,080, right where the descending trendline from July 10 comes into play. Price loves hunting exactly that kind of confluence, and the structure is practically begging for it.
I'm interested in longs from the 3,982 to 4,000 discount zone. Not blind entries though. I want to see a bullish ChoCH on M15 or a clean H1 engulfing candle printing inside the zone before I pull the trigger. Patience here is part of the edge.
First checkpoint is 4,034.460. If we break and hold above that level with the trendline gone, the road to 4,060 opens up fast. Should momentum really kick in, 4,085 and even the FVG sitting at 4,127 to 4,143 come into the picture, but I'm not chasing extensions. The liquidity box is the trade. Once price taps it, I'll be watching the reaction closely, because that area is still supply and bigger sellers may step back in there.
Invalidation is clean and simple. An H1 close below 3,960 kills the whole idea. That would mean the sweep failed, the downtrend is back in control, and I'm flat with zero hesitation.
Anyone else seeing this low as engineered, or are you still selling rallies here?
So my read is simple now. The downside fuel is spent, and the next magnet sits above us. There's a fat pool of sellside stops parked at 4,060 to 4,080, right where the descending trendline from July 10 comes into play. Price loves hunting exactly that kind of confluence, and the structure is practically begging for it.
I'm interested in longs from the 3,982 to 4,000 discount zone. Not blind entries though. I want to see a bullish ChoCH on M15 or a clean H1 engulfing candle printing inside the zone before I pull the trigger. Patience here is part of the edge.
First checkpoint is 4,034.460. If we break and hold above that level with the trendline gone, the road to 4,060 opens up fast. Should momentum really kick in, 4,085 and even the FVG sitting at 4,127 to 4,143 come into the picture, but I'm not chasing extensions. The liquidity box is the trade. Once price taps it, I'll be watching the reaction closely, because that area is still supply and bigger sellers may step back in there.
Invalidation is clean and simple. An H1 close below 3,960 kills the whole idea. That would mean the sweep failed, the downtrend is back in control, and I'm flat with zero hesitation.
Anyone else seeing this low as engineered, or are you still selling rallies here?
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Join here: t.me/+7toh_D6B6ew5MWQ1
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน