GOLD WHAT A BORING. PipGuard | THE GUIDE

25 nov

☀️ Good morning coffee to everyone! ☕
From where I’m writing, it’s morning—so, a real good morning to you all! How are you doing? I hope everything is great as always! 💖


Before we start...
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Let’s talk about the market! 💹
For weeks, I’ve been calling for a gold correction, and guess what? BOOM! Last night, the price dropped by a massive 600 pips. 🎯

Let me be upfront: I’m not a fan of this recent rally. 😑
It’s been driven by various factors—Trump’s election, global geopolitical tensions, and more. However, in my view, this correction isn’t over yet. And if it is? Don’t worry! PipGuard’s got your back, always offering comprehensive analyses for both directions.


Technical Analysis: “Gold is boring!” 🤓
Yes, I know—it’s tedious. But it’s crucial! 💼

The market had the chance to correct as early as last Wednesday, but it chose to climb instead. Fair enough—let’s dig into the details:

📊 Timeframes analyzed: Weekly (WK), 24H, and 4H.
💥 Price action last night: a sharp drop. Last Friday, the market performed a liquidity grab at 2710, just above my bearish entry (2712–2722). This was accompanied by:
- A breaker blockon the 24H timeframe
- A bearish order block (30-minute timeframe) between 2715 and 2722.

And voilà, the downward move materialized!


What now? Here’s the breakdown.
📉 Bearish liquidity: spotted between 2676 and 2692, close to our structural shift. This proximity makes further downside highly probable.
But remember! We’re not wizards or fortune-tellers 🧙‍♂️—we operate based on statistical advantages, our true superpower. 💪

👉 Key level: 2650.
- If the price stays above it, bullish continuation remains possible.
- If it closes below (preferably with a full-body 24H or weekly candle), a further drop becomes likely, targeting 2525, 2515, and potentially 2480.

📈 Bullish scenario?
Two possibilities:
1. The price reacts to the latest order block.
2. It pushes toward new highs.



o wrap it up...
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Wishing you an amazing day and a great start to your week! 🌟
Best regards,
PipGuard. 💼✨