Gold (4H) — Supply is holding… for nowContext
On the left of the chart, Gold reached the higher-timeframe C target .
That was a valid place for sellers to take control — and they didn’t.
Price absorbed selling pressure and kept moving.
Now we’re at a different level.
The red zone is the all-time-high supply.
Sellers are active here. Price is being held.
That part matters and shouldn’t be ignored.
What formed under supply
Instead of a dump, price built structure:
A clear base
Liquidity sweep
MSS
A fresh ABC sequence
B held.
B broke A.
That tells me buyers are still participating, even with supply overhead.
Expectation
I’m not expecting an immediate breakout.
What makes sense here is a pullback first.
A revisit into the continuation breaker , clearing inducement and resetting positioning.
If that zone holds and price flips back up, then a break of supply opens the path toward C .
If the structure fails, I step aside.
No forcing it.
Watching how price behaves — not guessing the outcome.
SmellyTaz — decoding chaos.
Not financial advice. Shared for educational purposes only.
