📌 Quick recap from yesterday:
In my previous analysis, I mentioned that I was looking to buy dips around 3400, expecting a continuation move toward the ATH near 3500.
That was the plan.
But as the day unfolded, I removed my pending buy order — and explained exactly why in an educational post on how context can override entry levels.
If you read that, you already understand:
It’s not where price goes. It’s how it gets there.
________________________________________
📉 So… where are we now?
The big question is:
Was this just a deeper correction, or is Gold preparing to shift direction entirely?
In my opinion, we’re still in a healthy correction, not a reversal.
Why?
• Price remains above the horizontal support — the same level that acted as resistance last week
• The market is still above the trendline from mid-May
• No breakdown, no major structure violation — just deeper retracement after a sharp impulsive move
________________________________________
📈 What’s the plan going forward?
As long as these two supports hold, I believe the buy-the-dip narrative remains valid — even at better prices.
In fact, I already entered a new long position about an hour ago, which is currently up around 90 pips at the time of writing.
My bias stays bullish unless proven otherwise.
________________________________________
📌 Conclusion:
Yes, the correction went deeper than expected.
Yes, I removed a pending order — because the reaction was not what I wanted to see.
But structure still supports continuation, and I remain in the buy-the-dip camp as long as key support holds. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
In my previous analysis, I mentioned that I was looking to buy dips around 3400, expecting a continuation move toward the ATH near 3500.
That was the plan.
But as the day unfolded, I removed my pending buy order — and explained exactly why in an educational post on how context can override entry levels.
If you read that, you already understand:
It’s not where price goes. It’s how it gets there.
________________________________________
📉 So… where are we now?
The big question is:
Was this just a deeper correction, or is Gold preparing to shift direction entirely?
In my opinion, we’re still in a healthy correction, not a reversal.
Why?
• Price remains above the horizontal support — the same level that acted as resistance last week
• The market is still above the trendline from mid-May
• No breakdown, no major structure violation — just deeper retracement after a sharp impulsive move
________________________________________
📈 What’s the plan going forward?
As long as these two supports hold, I believe the buy-the-dip narrative remains valid — even at better prices.
In fact, I already entered a new long position about an hour ago, which is currently up around 90 pips at the time of writing.
My bias stays bullish unless proven otherwise.
________________________________________
📌 Conclusion:
Yes, the correction went deeper than expected.
Yes, I removed a pending order — because the reaction was not what I wanted to see.
But structure still supports continuation, and I remain in the buy-the-dip camp as long as key support holds. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
交易進行
Gold dipped to my buy zone"May the bulls be with us!":)
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。