GOLD 22/04 – Still Short? You’re Early, Not Wrong

I’m leaning bullish here, at least short-term, after that clean sweep and shift. The move below 4,700 looks like a classic sell-side liquidity grab into the higher timeframe order block, and the reaction was exactly what you want to see — strong displacement and a clear BOS back to the upside.

To me, this is not a full reversal yet, just a retracement leg. Price is now sitting in discount relative to the recent range, and I expect it to push higher to rebalance and go after buy-side liquidity resting around 4,820–4,840.

The area I’m watching for continuation is 4,740–4,760. That’s the BOS retest, with EMA compression backing it up. If price pulls back into that zone and holds, I’ll be looking for confirmation on lower timeframe to get involved long.

Targets are pretty straightforward. First scale around 4,800, then let the rest run into the bearish order block at 4,820–4,840 where I expect some reaction or even a potential short setup.

If price breaks down and closes below 4,720, I’m out. That would invalidate the bullish structure and likely send us back toward deeper liquidity.

Right now it feels like a classic “push into premium before distribution” setup.

You taking the long into the OB, or waiting to short the reaction?