Gold analysis on 7.29:
4H: Distribution is complete; a pullback is needed.
1H: It’s being suppressed by the trendline. Look for a bullish trend OB at the lowest end on the pullback, but then it retests a bearish FVG—so both sides have momentum. At this point, you need to wait. Expect a smooth move during the European and U.S. sessions.
5min: Both long and short have logic. If it holds above 4038, it’s likely to trigger 1H short-side liquidity expansion, and a major up-move will follow.
Breaking below 4022 will continue sweeping downward, and it’s unlikely to drop smoothly. Wait!
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