Market Structure
Gold has been in a strong bullish trend, printing consecutive Higher Highs and Higher Lows. Recently, liquidity above the previous swing high was swept, and price is now showing weakness, signaling a possible retracement.
Liquidity & Order Flow
- Buy-side liquidity has been taken above recent highs.
- Sell-side liquidity lies below near-term HL levels, with unfilled imbalance zones.
- Price is currently trading in a premium zone, favoring short opportunities.
Trade Idea
- Entry (Sell): 3765 – 3775
- Stop Loss: 3795 (above swing high)
- Take Profit 1: 3720 (imbalance fill)
- Take Profit 2: 3685 (bullish order block)
Outlook
📉 Short-term bias: SELL
I expect Gold to correct lower into discount areas before continuing its larger bullish trend.