Gold Breaks Balance, Now Waiting for ValueYesterday was a shortened session due to the MLK holiday, so I stayed flat. Price opened the week by breaking out of the range it had been consolidating in for most of last week, likely assisted by geopolitical headlines around potential tariffs involving Denmark/Greenland.
After the initial breakout, price spent the remainder of the session consolidating again, building value above the prior balance area.
Now that we are into a full trading day and inside the Asian Killzone, my bias remains bullish, but I am not interested in chasing price.
The breakout left behind a clean H4 Fair Value Gap, and I want to see price retrace into at least 50% of that imbalance before looking for long continuation. That 50% level aligns closely with:
The Previous Weekly High
The Previous Day’s Open (4627)
A controlled pullback into that area with acceptance would offer a much cleaner risk profile and confirm that higher prices are being defended. Until then, patience is key. Waiting for clarity inside the killzone rather than forcing entries.
