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Gold ripped down from 4,800s and is sitting at 4,566 right now. Not chasing it. Waiting for the inevitable pullback into the fresh 4H supply that just got left behind. Context:
The setup (A-grade, 8/10 confluence):
Confluence stack:
Entry confirmation (sniper): Sweep of minor highs into 4700–4780, bearish ChoCH on 1H inside the zone, then 1H rejection candle off the OB. Confirmation or skip. Invalidations:
Why I’m not shorting here at 4566: Mid-air short with stops 240+ points away is a coin flip. Either the pullback fills my zone or I miss it — both fine. Shorting the bottom of a leg with no structural stop is not. Risking ~1% account. Partial at TP1, trail SL to BE, runner for TP2/TP3. If 4300 holds hard with bullish reaction, close runner and move on. Anyone else stalking 4700–4780, or bidding the 4500 sweep for a long scalp first? Not financial advice, just sharing the plan. submitted by /u/tradeconfluxAi to r/Forexstrategy |
