Gold is consolidating around 4475 after a strong recovery. For Henry, this is not an ideal area to chase the market the better opportunities are sitting at both ends of the current structure.
On H1, Gold recovered strongly from the 4280–4300 area toward 4510 before entering a sideways phase. This shows that short-term buying pressure remains present, but with 4510 still not clearly broken, we should remain prepared for a fake breakout or liquidity-driven pullback.
BUY ZONE: 4423 – 4428Stop Loss: 4413
TP1: 4450
TP2: 4475
TP3: 4510
This is the nearest retest zone following the bullish move. If Gold pulls back into this area and successfully holds the structure, Henry will favor a BUY back toward the upper side of the current range.
SELL ZONE: 4605 – 4615Stop Loss: 4625
TP1: 4575
TP2: 4540
TP3: 4515
Above the current price, 4600–4625 is an important Supply/extension area on the chart. If Gold breaks above 4510 and pushes aggressively into this zone, Henry will watch for rejection and a potential SELL rather than selling too early at the current price.
⚠️ 4375 – 4390: This is the deeper Demand Zone. If 4420 fails, this area becomes the next important level to determine whether the recovery structure is still being protected.
💡 Henry View: Gold is currently trading in the middle of the range, so patience is more important than entry. The plan is to wait for a pullback toward 4423–4428 for a potential BUY, or an expansion toward 4605–4615 for a potential SELL. Don’t let a sideways market tempt you into entering in the middle of the range.
