Bias: LONG

Gold has been trending higher since the February base, and the current pullback from the 5,057 .2 swing high is now approaching the rising trendline drawn off the May low — confluence with the 4,196 .9–4,179 .4 demand zone. This is the type of discount/premium retracement your methodology typically waits for before re-entering with trend.

Narrative:

Price is retracing into a rising trendline that’s held structure since May
Demand zone at 4,196 .9–4,179 .4 aligns almost exactly with the trendline touch — high-probability reaction zone
Expecting a liquidity sweep below the zone (grabbing sell-side stops) before reversal confirmation
Broader structure remains bullish while the trendline holds; a clean break and 4H close below it would invalidate the long thesis

Trade Setup (draft):

Entry Zone: 4,196 .9 – 4,179 .4 (trendline + demand confluence, ideally after a sweep + LTF CHoCH confirmation)
Stop Loss: Below 3,898 .8 (beneath the deeper liquidity pool / trendline invalidation)
Take Profit: 4,700 .0–4,841 .8 (next supply zone)
R:R: ~1.8 : 1 at these levels (tightenable once you confirm exact entry after the sweep)

⚠️ Not financial advice — manage risk per your own plan.