Watch for: 5m candle CLOSE above $5,160 → confirms hold If 5m candle CLOSES below $5,145 → EXIT IMMEDIATELY, don't wait for $5,138.
NY Session opens in ~35 minutes. This double liquidity sweep below the demand zone is a classic pre-NY session stop hunt. Smart money is grabbing liquidity below before the real NY expansion move. This pattern is very common on Gold on Tuesdays/Wednesdays.
Watch for: 5m candle CLOSE above $5,160 → confirms hold If 5m candle CLOSES below $5,145 → EXIT IMMEDIATELY, don't wait for $5,138.
NY Session opens in ~35 minutes. This double liquidity sweep below the demand zone is a classic pre-NY session stop hunt. Smart money is grabbing liquidity below before the real NY expansion move. This pattern is very common on Gold on Tuesdays/Wednesdays.
→ Watch for price to push to $68,300–$68,400 (the weak high sweep) → Wait for 15M bearish candle CLOSE below $68,280 after the sweep (confirmation of rejection) → Enter short at market on that close → SL at $69,050 immediately → TPs pre-set at $67,800 / $66,600 / $65,800 → Move SL to BE after TP1 hit ($67,800)
This GDP miss is EXTREMELY BULLISH for gold. 1.4% vs 2.8% expected is a shocking miss. Combined with hot PCE = Fed is completely trapped. Gold loves this.