Gold - 24 January 2022

Price is now in the pullback of Daily & 4H bullish OF. 4H bearish CHoCH with 15m bearish OF is the best evidence for pullback. As price hasn't pullback to any significant demand or to the discount yet, there is still room for price to continue lower. Last Friday, price swept the BSL but failed to put in a new 15m LL, we are now pulling back, let see how price react after taking out the 15m LQ. If we get a 15m bearish CHoCH after LQD, we may look for short, else follow the inner bullish OF.