Gold 1H – Will Gold Correction Extend Toward Discount Zones?Gold on the 1H timeframe is trading close to 3,745 after a series of bearish pushes, with premium resistance placed at 3,780–3,778 and another resistance pocket at 3,748–3,746. On the downside, discount demand is noted at 3,713–3,706, with a deeper support near 3,665. Recent CHoCH signals highlight short-term bearish bias, indicating that liquidity sweeps into resistance zones may occur before price retraces towards discount areas.
Today’s headlines around renewed U.S. inflation concerns and expectations of a slower Fed pivot are dampening sentiment, while geopolitical tensions in the Middle East continue to support safe-haven bids. This combination is likely to keep intraday volatility elevated, with liquidity grabs around resistance zones expected before a clearer directional move emerges.
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📌 Key Structure & Liquidity Zones (1H):
• 🔴 SELL GOLD LIQUIDITY 3,780–3,778 (SL 3,787): Premium resistance where sweeps may trigger rejection toward 3,760 → 3,740 → 3,730.
• 🔴 SELL GOLD 3,748–3,746 (SL 3,755): Intraday resistance aligned with 0.5–0.618 retracement, targeting 3,730 → 3,720 → 3,715.
• 🟢 BUY ZONE 3,697–3,699 (SL 3,692): Discount demand with liquidity confluence, offering upside targets at 3,715 → 3,730 → 3,745+.
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📊 Trading Ideas (Scenario-Based):
🔻 Sell Setup – Liquidity Run (3,780–3,778)
• Entry: 3,780–3,778
• Stop Loss: 3,787
• Take Profits:
TP1: 3,760
TP2: 3,740
TP3: 3,730
🔻 Sell Setup – Intraday Rejection (3,748–3,746)
• Entry: 3,748–3,746
• Stop Loss: 3,755
• Take Profits:
TP1: 3,730
TP2: 3,720
TP3: 3,715
🔺 Buy Setup – Discount Demand (3,697–3,699)
• Entry: 3,697–3,699
• Stop Loss: 3,692
• Take Profits:
TP1: 3,715
TP2: 3,730
TP3: 3,745+
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🔑 Strategy Note
With U.S. inflation concerns and geopolitical risks creating mixed drivers for gold, intraday strategies can look to fade liquidity sweeps into premium resistance while keeping an eye on buy opportunities from well-defined discount demand zones. Expect sharp moves around 3,780 liquidity grabs before corrections extend down into the 3,713–3,706 area.
