Gold Coiling at Lows: Sweep or Early Reversal?Micro Gold FuturesCOMEX_MINI:MGC1!DWoodzGoing into Wednesday’s session, price continues to show choppy and rotational behavior, with most of Tuesday’s action remaining within a tight range. During NY session, I was able to catch a clean move, but overall the market has not yet committed to a clear direction. This kind of price action reinforces the importance of patience — not every session is meant to trend. Right now, price is hovering above Monday’s Low, which stands out as a key liquidity level. My initial idea is that price may look to sweep that low and tap into the lower imbalance (around the 4970s) before delivering the larger bullish move I’ve been anticipating. However, I’m also aware that the market does not always take the obvious path. We are now entering the Asian Killzone, and I’m watching closely for how price behaves near these lows. If we see strong displacement and acceptance below Monday’s Low, that would support continuation lower before any reversal. On the other hand, if price fails to break the low cleanly and begins to show signs of absorption, this could indicate that the market is building positions for a move higher without the sweep. At this point, it’s less about predicting direction and more about reacting to confirmation. For now, patience is key — waiting for price to show its hand before committing to a position.