GOLD IDEA FOR 4TH NOV

2 nov

"Recently, gold broke below an order block, attracting sellers—only to trap them by pushing higher. Currently, gold is within a key order block and has dipped to grab liquidity from recent lows. There’s potential for it to move lower, trapping demand buyers, before luring in more sellers by appearing to break the demand zone, and then possibly reversing upward to fill major imbalances.

"If this turns into a genuine breakdown, we could see strong momentum similar to the recent 400-pip move. Reversals in the market are notoriously tricky—they often act as traps for traders. That’s why caution is key: watch for confirmation and don’t rush in without clear signals.

This is why it’s essential to wait for a retracement and observe whether lows and highs are being broken before taking a position. Always prioritize confirmation.

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