GOLD FINAL SPRINT — WATCH LAST PUSH BEFORE DISTRIBUTIONGOLD (US$/OZ)TVC:GOLDchungngctIs Gold truly continuing higher, or is this a final sprint to grab liquidity before entering a distribution phase? 📌 Market Development What stands out most to me right now is how difficult the price structure has become to trade: Shallow pullback → price pushed higher → SELL stops swept → deep retracement → LONG positions swept → another push higher. Gold continues to form very shallow pullbacks, giving buyers almost no attractive entry points. At the same time, each push higher can sweep SELL positions, while the deeper retracements can then sweep LONG positions. This makes the current phase extremely difficult for both BUY and SELL positions. 🎯 Main Trading Idea My personal bias remains bullish. The H1 structure is still intact, so I am not prioritizing counter-trend SELL positions yet. However, I also do not want to chase BUY positions at current levels. I see Gold as being in a final sprint of the current uptrend. If momentum continues, price could move into an area where I will pay close attention to the possibility of distribution. Key targets: 4,435 → 4,500 → 4,540–4,543 → 4,600 In particular, 4,500–4,600 will be the area where I watch for SELL-side reactions: absorption, breakout failure, a false breakout, or a structural reversal. 🔵 Preferred Trading Scenario As long as the H1 structure remains intact, I still prefer to BUY with short-term targets and manage the trade quickly, rather than holding positions for too long. I will wait for a long sweep into support → price to reclaim the level → structural confirmation → then consider a BUY. Support: 4,356 | 4,320–4,340 | 4,240–4,260 | 4,180–4,200 | 4,150–4,160 Resistance / Targets: 4,435 | 4,500 | 4,540–4,543 | 4,600 🔴 SELL Scenario I will not try to call the top simply because price has risen sharply. SELL becomes more attractive when: 1. Price reaches 4,500–4,600 and clear distribution signals appear. 2. Or the H1 structure breaks, turning subsequent rallies into potential SELL opportunities. Without these conditions, counter-trend SELL positions remain high risk. 📰 PPI – The Next Piece of the Puzzle The U.S. July PPI will be released by the BLS on August 13 at 8:30 ET. July CPI showed headline inflation easing from 3.5% to 3.4% YoY, while core CPI declined from 2.6% to 2.5%. Therefore, if PPI comes in softer than expected, it could become the catalyst for Gold’s next push higher. But I am not looking at whether PPI is simply good or bad. More importantly, PPI needs to be connected with the broader macro picture: NFP → CPI → PPI → Fed policy expectations → USD/Yields → Gold. ⚠️ KEY IDEA Do not chase BUYs. Do not try to call the top with SELLs. At this stage, I am waiting for one of two setups: Long sweep → reclaim → short-term BUY → manage the move. Or 4,500–4,600 → distribution → H1 breakdown → shift to SELL. My personal view: Gold is in a final sprint. The bullish structure has not broken, so SELL positions still require extreme caution. However, the closer price gets to 4,500–4,600, the greater the risk of distribution. This is the zone I will watch most closely to see whether sellers finally step in or Gold continues to extend the uptrend. Good day, traders!