Gold is currently trading between two important Order Blocks (OBs) on the 5Min chart, showing potential for both bullish and bearish setups 📊
🟥 Scenario 1 – Bearish Setup:
Price has tapped into the M3 OB (supply zone) near 3,294
Showing signs of rejection ✅
If rejection holds, expecting continuation down towards
🎯 TP1: 3,282.500 (M5 OB zone top)
🎯 TP2: 3,279.000 (M5 OB base)
🟩 Scenario 2 – Bullish Breakout:
If price breaks above and holds above the M3 OB, we could see a short-term bullish reversal
Target would shift toward higher OB zones or intraday structure levels (watch for confirmation before buying
📌 Key Zone to Watch:
3,289–3,294 = Decision area 🧠
Reaction here will guide the direction
⚠️ Trade the reaction, not the prediction
✅ Manage risk wisely & wait for confirmation!
🟥 Scenario 1 – Bearish Setup:
Price has tapped into the M3 OB (supply zone) near 3,294
Showing signs of rejection ✅
If rejection holds, expecting continuation down towards
🎯 TP1: 3,282.500 (M5 OB zone top)
🎯 TP2: 3,279.000 (M5 OB base)
🟩 Scenario 2 – Bullish Breakout:
If price breaks above and holds above the M3 OB, we could see a short-term bullish reversal
Target would shift toward higher OB zones or intraday structure levels (watch for confirmation before buying
📌 Key Zone to Watch:
3,289–3,294 = Decision area 🧠
Reaction here will guide the direction
⚠️ Trade the reaction, not the prediction
✅ Manage risk wisely & wait for confirmation!
Trade active
Trade Active assigned 50 pips now hold with stoploss trailFollow money management
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Trade closed: target reached
One side OB sell zone active and massive blast 💥 100 pips now wait for another entry sell Strong area for sell Zone 3290 to 3294
And Buy area 3268
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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.
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.