Gold is facing strong OrderBlock on 4h, while being overextended to the upside leaving lots of imbalance. We could see some potential down movement from here. let's see what happens
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Our final target ( SSL ) was taken out just as expected. If anyone capitalized on this idea, congrats.
What next? On the daily timeframe we have a big M formation that we could see the markets draw into and a potential downmove from there IF we see bearish pressure. If not we might break the neckline to the upside, take out BSL at $1904 level, and should the market continue up to the 4H orderblock we could still see a reaction. Not as probable as when I first posted the analysis because lots of targets were reached, but we still have a few more levels that could get reached.
Also, check the big gap (Imbalance) that was created on 16th June. There's a big chance we could see price move up into this area and fill it.
Good luck