GOLD Rejected from Reversal Zone – Retest + Bounced & Major High

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📌 1. Major High & Liquidity Grab
The chart starts by showing a strong impulsive move toward the upside that taps into a Major High zone (highlighted at the top). This is a classic MMC "liquidity grab" where price sweeps the previous high to trigger stop losses and collect orders before reversing. This is a common trap zone where retail traders get caught in FOMO buys.

📌 2. Reversal Area Identified
The price entered a clearly marked Reversal Area between $3,430 – $3,445. This zone acted as:

Historical supply area

Psychological resistance

Liquidity hunt zone

Upon entry, strong rejection candles formed, signaling institutional sell pressure. This reaction aligns with MMC principles where reversal is expected post-liquidity collection from major highs.

📌 3. Parabolic Curve Formation – Bullish Impulse
A beautifully formed parabolic curve (Black Mind Curve) supported the bullish rally from around $3,310 up toward the high. This shows accumulation → breakout → expansion. However, the curve has now been broken, suggesting that bullish momentum is weakening.

⚠️ This break of curve support is critical — it often leads to a corrective phase or a deeper retracement.

📌 4. Mini Reversal Zone + SR Interchange Zone
Price has now pulled back to a very important area: the Mini Reversal Zone + SR Flip Zone around $3,400. This zone previously acted as resistance and now has the potential to act as support (classic SR interchange).

According to MMC concepts:

If this zone holds → we may see a bullish bounce and potential re-test of the upper reversal area.

If this zone breaks → bears will likely push price toward the next demand level around $3,350 – $3,340.

This is the decision point — a “battlefield” zone where market direction can be decided.

📌 5. Potential Scenarios Ahead:
✅ Bullish Scenario:

Price respects the SR zone ($3,400)

Forms bullish engulfing / continuation pattern

Likely target: re-test of reversal zone ($3,430–$3,445)

Beyond that: breakout possible if volume supports it

❌ Bearish Scenario:

Price breaks below $3,395 with strong bearish candles

Could confirm the rejection from the major high and trigger a full retracement

Downside targets: $3,360 → $3,340 range

🔑 Final Thoughts:
This GOLD setup is a perfect case of MMC theory in action — liquidity grab at the top, rejection at reversal zone, curve break, and now testing critical SR flip area.

Keep an eye on:

Candlestick behavior at the SR zone

Volume confirmation

Momentum indicators (if using)

Wait for confirmation before jumping in — let the market reveal its hand at the decision zone.

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