The current price action on Gold suggests a significant structural shift following the recent All-Time High (ATH). After a massive bullish run, the market has provided clear internal signals that a deeper correction is underway.
Market Narrative
Price recently swept the ATH at 5595 and immediately showed signs of exhaustion. We witnessed a Market Structure Shift (MSS) on the lower internal timeframes, followed by a Break of Structure (BOS) to the downside.
Currently, price is in a bullish pullback phase, retracing into a premium pricing zone. This move is corrective, intended to mitigate the bearish imbalances left behind during the sharp impulsive drop in March.
Key Technical Zones
Bearish POI / Order Block: The primary supply zone sits between 5200 and 5400. This is the high-probability area to look for short entries.
Premium FVG: Price is currently navigating through premium Fair Value Gaps, which are acting as temporary magnets for this retracement.
Sell-Side Liquidity (SSL): The ultimate target for this bearish narrative is the major liquidity pool resting at 4093.
Trade Setup
Higher Timeframe Bias: Bearish (Corrective)
Entry Zone: 5200 – 5400 (Wait for LTF confirmation within this zone)
Target 1: 4600 (Recent Support/Cisd)
Main Target: 4093 (Sell-side Liquidity)
Pro Tip: Do not rush the entry. Let the market fill the premium inefficiencies. The goal is to catch the next impulsive leg down toward the 4000 level.
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