Gold is currently struggling to push higher with strength.
Price reacted bullish from 3154, which aligns with my daily OTE zone, but it has not yet tapped into my key bullish Orderblock (OB) on the H1 timeframe, located at 3152.19.
👉 This H1 orderblock sits on the extreme edge of the OTE zone, offering a high-probability area for a bullish mitigation.
However, as you can see on the chart, price is rising slowly, forming liquidity below, which suggests that the market may be building up fuel for a stronger institutional move next week.
🎯 My projected scenario (refer to attached chart):
Price continues higher into a bearish OB,
Then drops to sweep low liquidity,
Mitigates the bullish OB at 3152.19,
That’s where I plan to enter long, with targets:
🔹 TP 3 → 3220
🔹 TP 4 → 3254
🔹 Final TP → 3290
📌 Note: TP3 and TP4 are only valid if price breaks the H4 bearish orderblock.
Let’s wait and see how Gold develops next week — if it respects this structure, the setup could be very clean.
Price reacted bullish from 3154, which aligns with my daily OTE zone, but it has not yet tapped into my key bullish Orderblock (OB) on the H1 timeframe, located at 3152.19.
👉 This H1 orderblock sits on the extreme edge of the OTE zone, offering a high-probability area for a bullish mitigation.
However, as you can see on the chart, price is rising slowly, forming liquidity below, which suggests that the market may be building up fuel for a stronger institutional move next week.
🎯 My projected scenario (refer to attached chart):
Price continues higher into a bearish OB,
Then drops to sweep low liquidity,
Mitigates the bullish OB at 3152.19,
That’s where I plan to enter long, with targets:
🔹 TP 3 → 3220
🔹 TP 4 → 3254
🔹 Final TP → 3290
📌 Note: TP3 and TP4 are only valid if price breaks the H4 bearish orderblock.
Let’s wait and see how Gold develops next week — if it respects this structure, the setup could be very clean.
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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.