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Quick update on Gold. Been watching the 4740–4760 zone for a while now and the 5-minute just gave me what I needed. Price swept the lows around 4720, classic spring/shakeout move. Then on the 5m you get a clean ChoCH — broke above the last lower high — followed by a BOS confirming the shift. That sequence happening right inside the OTE zone is exactly what I look for before pulling the trigger. The broader context here is Wyckoff re-accumulation. We had the range, the spring, and now structure is flipping bullish on the lower timeframe. Higher timeframes still have demand sitting at 4680–4700 if this doesn’t hold, but the LTF confirmation is there. Levels I’m working with:
Fresh supply sitting at 4830–4840 so I’ll be watching for reaction there. If price stalls hard at TP2 I’ll likely close most of the position. Invalidation is simple — if we break back below 4720 the re-accumulation thesis is dead and I’m flat. Risk accordingly. Not financial advice, just sharing what I’m seeing on the chart. submitted by /u/tradeconfluxAi to r/Forexstrategy |