Gold is currently in a corrective phase after a strong impulsive move to the upside. Price has delivered a clear displacement, followed by a pullback into a refined demand zone, highlighted on the chart. This area aligns with prior bullish order flow and acts as a discount zone within the higher-timeframe range.
The current sell-off appears corrective, not impulsive. Expectation is for price to mitigate demand, sweep weak lows if needed, and then resume the primary bullish structure.
Execution Plan (Important):
➡ No blind entries.
➡ Entry will be taken only if LTF confirms bullish intent (CHoCH, BOS, displacement from demand).
The current sell-off appears corrective, not impulsive. Expectation is for price to mitigate demand, sweep weak lows if needed, and then resume the primary bullish structure.
Execution Plan (Important):
➡ No blind entries.
➡ Entry will be taken only if LTF confirms bullish intent (CHoCH, BOS, displacement from demand).
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For Daily LIVE Trades
Join FREE Telegram:t.me/+xavhcozoJexhZTVl
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.