GOLD UPDATE 2H — POV: Broader Upside Might Be Capped Spot GoldTRADENATION:XAUUSDKwaggaRobertse Current Price: 4,555 | Timeframe: 2H --------------------------------------------------------------------- 📌 Main Structure - 4H Swing Structure: **Bearish** - Internal Structure: **Bullish** — until price reacts at key supply levels above --------------------------------------------------------------------- 📌 First Bullish Signal to Watch - A **Break of Structure (BOS) above the Internal High (~4,774)** confirms the internal bullish leg is in play - ⚠️ Be cautious — this BOS could be a **liquidity grab only**, with price reversing back down shortly after - Only sustained **demand holding** on any pullback gives confidence for continuation higher --------------------------------------------------------------------- 📌 Two Key Supply Areas — Where I'll Be Looking For Shorts** Scenario 1 — FVG Above 50% Level - A single, specifically positioned **Fair Value Gap** sitting just above the Internal High - Notably located **just above the 50% level of the main swing structure** — placing it in the discount zone - A fill of this FVG followed by bearish reaction = short entry signal - Less favoured but valid 📌 Scenario 2 — 4,950 Supply Area ✅ More Favourable - Price sweeps through ALL resting liquidity above - Internal High, FVG, and Liquidity at 4,899 all taken out - New supply anchor found at **~4,950** - This level sits at the **exact 61.8% Fibonacci retracement of the main swing structure** - Fibonacci + price structure confluence = high-probability reversal zone - Short entries looked for on confirmation at this level --------------------------------------------------------------------- 📌 Downside Targets Once Supply Confirmed** - Internal Low: **~4,453** - Lower Liquidity Pool: **4,352** - Broader Demand Zone below --------------------------------------------------------------------- 📌 Summary - 4H Trend: **Bearish** - Internal Move: **Bullish** for now - Watching for supply reaction at Scenario 1 or 2 before aligning short - Only price reaction will confirm which scenario plays out My POV only - *Not financial advice* --------------------------------------------------------------------- Kwagga.