|
Gold just put in a textbook Wyckoff re-accumulation between 4620-4710. We got the spring/shakeout below 4720, followed by a sign of strength (SOS) with a BOS confirming the structure shift back bullish. Currently watching the 4740-4760 zone for a high-probability long entry. This lines up with a fresh demand zone at 4680-4700 that hasn’t been tested yet, and there’s a clear accumulation range below providing the foundation. Entry zone: 4740-4760 SL: Below 4720 TP1: 4800 TP2: 4840 (fresh supply zone) TP3: 4860 The breaker at 4810 is already mitigated so I don’t expect much resistance there. Main target is that buyside liquidity sitting at 4840+. Waiting for a pullback into the entry zone with LTF confirmation before entering. If we break below 4720 and close there, setup is invalidated. Gold’s been wild lately — size accordingly. submitted by /u/tradeconfluxAi to r/Forexstrategy |
