GOLD

🧾 Weekly Recap:

• Price tapped into the 1H Demand Zone (red box) and ran the 4H swing liquidity before bouncing to clear internal range liquidity.
• This move was followed by a retracement which led to a break of the bullish trendline.

This may signal the beginning of a broader accumulation phase. Expect choppy price action targeting internal liquidity both above and below, before a clear trend resumes.

Technical Analysis:

Price has closed below the bullish trendline, leading to two possible scenarios:

1. Bullish scenario (black path):
– Price runs the W C DOL (3313$) →
– Finds rejection →
– Retests broken trendline →
– Breaks above the trendline →
– Continues toward 3444$ and potentially 3474$

2. Bearish scenario (orange path):
– Price runs W C DOL (3313$) →
– Rejects from the broken trendline →
– Fails to reclaim it →
– Continues downward to target M C DOL (3256$)

Setup Trigger:
Wait for clear 1H–4H supply/demand zone creation and structure shift before initiating a trade.

Trade Management:
• Stoploss: Above/below relevant supply-demand zone
• Targets:
– Bullish: 3444$, 3474$
– Bearish: 3256$

🟡 If you liked the idea, feel free to drop a like & comment — and don’t forget to follow for more weekly updates.