Patience Before the Break: Gold Chart Signals Rally Toward 3,450

Technical Breakdown of the Chart
Key Concepts Used:
BOS (Break of Structure): Indicates a confirmed bullish break in market structure (around June 13).

MSS (Market Structure Shift): Marks a transition from bullish to bearish structure, which aligns with the swing high on June 14.

BSL (Buy-side Liquidity): Liquidity targets marked above recent highs (~3,420 and ~3,450).

Turtle Soup Setup: A classic fakeout reversal pattern, suggesting a stop-hunt below recent lows before a bullish move.

$$$: Liquidity Pool: Shows accumulation below before a breakout upward.

Bullish Case as Implied by the Chart
The chart suggests:

A liquidity sweep occurred at the recent low ("turtle soup").

Price is now rebounding from a demand zone, supported by bullish order flow.

If structure holds, price may:

Break above the minor high at ~3,410–3,420 (first BSL).

Continue upward toward ~3,450+ (second BSL), potentially reclaiming full bullish momentum.

Key Levels to Watch:
Zone Price Range Type
Demand 3,380–3,388 Support Zone
Target 1 ~3,420 Buy-side Liquidity
Target 2 ~3,450 Final BSL Target

If price breaks below the 3,380 zone with momentum, the bullish thesis weakens.

Summary:
Short-Term Trend: Bullish if support holds.

Liquidity Grab Complete: Signs of a reversal from turtle soup setup.

Upside Targets: 3,420 and 3,450.

Invalidation: Break and close below ~3,380