
š Technical Overview
Gold has already shown clear bullish intent with a Change of Character (CHoCH) followed by a Break of Structure (BOS), confirming that shortāterm momentum has flipped to the upside.
After the impulsive move higher, price is now retracing into a shallow pullback, creating what I refer to as a ābump in the roadā ā a zone where late buyers are shaken out before continuation.
This pullback appears corrective, not impulsive, suggesting smart money is absorbing liquidity before the next leg higher.
š§ Trade Thesis
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Bullish CHoCH confirms trend shift
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BOS validates continuation structure
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Current pullback = liquidity sweep (ābump in the roadā)
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Expectation: bullish price action once this zone is cleared
I am not buying blindly here ā waiting for bullish confirmation (strong displacement / bullish engulf / higher low on LTF) after liquidity is taken.
šÆ Targets
1st Target: Previous high / internal liquidity pool
Extended Target: 4,900 area ā next higherātimeframe liquidity
If bullish momentum persists, this level becomes the magnet
ā ļø Invalidation
Clean bearish breakdown and acceptance below the pullback base
Failure to reclaim structure after liquidity sweep
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Summary
This is a classic buyātheādip scenario in a newly bullish structure.
Patience is key:
Let price take liquidity ā watch reaction ā execute only after confirmation.
This is purely my opinion, not a financial advise. please filter it with your own trading strategy.
