🔍 Let’s take a quick look at Gold on the higher timeframes (W1 & D1) —
The weekly and daily candles are showing long upper wicks, indicating strong rejections from the highs due to last Friday’s correction.
📉 Gold dropped more than 50 points toward the end of the week, but later bounced back with a late-session recovery.
Looking at the W1 and D1 candles, there are early signs of a possible reversal, but momentum still seems not strong enough, as prices retraced over 20 points into the close, making the candle bodies close above 50% of the full D1/W1 range.
🧭 From AD’s perspective, price has now reacted at the all-time high zone, and we need to wait for Monday to confirm whether the bulls can push higher again — only then can we establish a full directional bias for the upcoming week.
We're now stepping back to get a broader view of price action and macro sentiment, reviewing all the latest news & market developments before entering the final week of the month...
📈 Current View from AD:
Gold is still moving inside its main bullish channel on the higher timeframes. However, in order for a true reversal to form, strong selling pressure must come in, triggering larger volumes and pushing price down into low-liquidity zones.
That said, buyers stepped back in near the weekly close, so we’ll need to closely watch:
Possible weekend gaps
Price action around the Sunday night open
This will help us determine the most accurate direction heading into Monday.
⚠️ There’s a chance we’ll see another drop, as this current bullish retracement is reaching the 0.5 – 0.618 zones on H1 and H2.
But like AD said, the real story unfolds on Monday once the leftover weekend volume gets absorbed and clean market structure reveals itself.
📌 Key Levels to Watch:
Resistance: 3025 – 3033 – 3040 – 3046 – 3056
Support: 3014 – 3005 – 3000 – 2993 – 2986
📊 Based on the MA indicators AD uses, short-term moving averages are starting to cross over mid- and long-term MAs, indicating a potential major trend shift on higher timeframes.
💡 If this structure holds into early next week, we might get early SELL opportunities, so stay alert and stick close to candle structure.
📍AD has already marked the key levels on the chart —
These are high-probability zones for entry or breakout traps, so don’t miss out on golden opportunities. Save them. Watch them.
💬 Wishing everyone a warm and joyful weekend with your family and loved ones.
AD will drop a post tomorrow on market psychology — if you’re interested, drop a boost and leave a comment!
GOOD WEEKEND HOMIES! 💛
The weekly and daily candles are showing long upper wicks, indicating strong rejections from the highs due to last Friday’s correction.
📉 Gold dropped more than 50 points toward the end of the week, but later bounced back with a late-session recovery.
Looking at the W1 and D1 candles, there are early signs of a possible reversal, but momentum still seems not strong enough, as prices retraced over 20 points into the close, making the candle bodies close above 50% of the full D1/W1 range.
🧭 From AD’s perspective, price has now reacted at the all-time high zone, and we need to wait for Monday to confirm whether the bulls can push higher again — only then can we establish a full directional bias for the upcoming week.
We're now stepping back to get a broader view of price action and macro sentiment, reviewing all the latest news & market developments before entering the final week of the month...
📈 Current View from AD:
Gold is still moving inside its main bullish channel on the higher timeframes. However, in order for a true reversal to form, strong selling pressure must come in, triggering larger volumes and pushing price down into low-liquidity zones.
That said, buyers stepped back in near the weekly close, so we’ll need to closely watch:
Possible weekend gaps
Price action around the Sunday night open
This will help us determine the most accurate direction heading into Monday.
⚠️ There’s a chance we’ll see another drop, as this current bullish retracement is reaching the 0.5 – 0.618 zones on H1 and H2.
But like AD said, the real story unfolds on Monday once the leftover weekend volume gets absorbed and clean market structure reveals itself.
📌 Key Levels to Watch:
Resistance: 3025 – 3033 – 3040 – 3046 – 3056
Support: 3014 – 3005 – 3000 – 2993 – 2986
📊 Based on the MA indicators AD uses, short-term moving averages are starting to cross over mid- and long-term MAs, indicating a potential major trend shift on higher timeframes.
💡 If this structure holds into early next week, we might get early SELL opportunities, so stay alert and stick close to candle structure.
📍AD has already marked the key levels on the chart —
These are high-probability zones for entry or breakout traps, so don’t miss out on golden opportunities. Save them. Watch them.
💬 Wishing everyone a warm and joyful weekend with your family and loved ones.
AD will drop a post tomorrow on market psychology — if you’re interested, drop a boost and leave a comment!
GOOD WEEKEND HOMIES! 💛
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.