“Sniper Zones Reloaded – Gold Pullback Season or Just a Tease?”
🔍 Macro View:
Gold just closed a massive -3.6% weekly candle off the top at 3435 — a clear sign of rejection from a premium exhaustion zone. After weeks of uninterrupted bullish madness, we finally have signs of cooling. But is it the start of a deeper correction or just Friday’s fade?
➤ Dollar Strength picked up again after UoM Sentiment miss + sticky inflation expectations.
➤ FOMC minutes (Wed) + Unemployment Claims (Thu) = the potential catalysts for the next impulsive leg.
🔄 Weekly Market Structure:
✅ BOS to the upside still valid – no CHoCH printed yet on W1
📍Current candle printed a clear top wick rejection after liquidity sweep
🕳️ Internal structure on LTFs is bearish – signaling potential deeper pullback
🧭 Key Weekly Zones (Sniper-Ready):
Zone Type Price Range Description
🔻 Supply #1 3435–3465 Premium FVG top + rejection wick
🔻 Supply #2 3285–3320 Imbalance left behind on the last push up
🔻 Sell Zone 3210–3240 Mitigated OB, possible retest
🟩 Buy Zone #1 3095–3120 Weekly FVG + Fibo 38.2 retrace
🟩 Buy Zone #2 2980–3030 Unmitigated demand block, old resistance turned demand
🟩 Buy Zone #3 2850–2890 Weekly CHoCH zone & deep Fibo retrace
📈 Fibonacci Extensions (from last major HL–HH):
FE 100% = 3435 ✅ hit
FE 127% = 3580 (remains next upside target IF retracement holds at key support)
FE 161.8% = 3720 (only if we reclaim 3435 cleanly)
🔺 Weekly Bias:
Short-Term: Bearish pullback (especially early week if no bullish LTF CHoCH)
Mid-Term: Bullish continuation still valid if 3090–3120 holds
🧠 Key Notes:
Expect trap zones and tricky NY opens if no clean confirmation
3210 = likely re-entry point for bears if price retraces
3090–3120 = key defensive line for bulls; invalidation of this = possible slide to 2980
If 3435 gets swept again with strength and closes above → bullish continuation unlocked
🧨 High-Impact Risk Events – This Week
📅 Thu, May 22
📉 Unemployment Claims – 2:30pm
📊 Flash Manufacturing & Services PMI – 3:45pm
🏠 Existing Home Sales – 4:00pm
📅 Fri, May 23
📊 New Home Sales – 4:00pm
📑 FOMC Financial Stability Report (tentative)
📌 Gold Weekly Outlook – “Sniper Zones Reloaded 🔫”
After weeks of pure bullish momentum, gold finally showed signs of exhaustion with a clean weekly rejection from the premium zone.
Is this the start of a real pullback? Or just another fakeout to shake out retail before continuation?
We’ve mapped the structure:
🟥 3435 is the stronghold
🟩 3090 is the battlefield
With Unemployment Claims, PMIs, and housing data lined up this week, expect volatility — but don’t force entries.
Trade light. Stay patient. Let the sniper setup come to you. 🎯
🔥 Like & Follow GoldFxMinds for sniper-level breakdowns
💬 Drop your bias below — correction or continuation? 👇
🔍 Macro View:
Gold just closed a massive -3.6% weekly candle off the top at 3435 — a clear sign of rejection from a premium exhaustion zone. After weeks of uninterrupted bullish madness, we finally have signs of cooling. But is it the start of a deeper correction or just Friday’s fade?
➤ Dollar Strength picked up again after UoM Sentiment miss + sticky inflation expectations.
➤ FOMC minutes (Wed) + Unemployment Claims (Thu) = the potential catalysts for the next impulsive leg.
🔄 Weekly Market Structure:
✅ BOS to the upside still valid – no CHoCH printed yet on W1
📍Current candle printed a clear top wick rejection after liquidity sweep
🕳️ Internal structure on LTFs is bearish – signaling potential deeper pullback
🧭 Key Weekly Zones (Sniper-Ready):
Zone Type Price Range Description
🔻 Supply #1 3435–3465 Premium FVG top + rejection wick
🔻 Supply #2 3285–3320 Imbalance left behind on the last push up
🔻 Sell Zone 3210–3240 Mitigated OB, possible retest
🟩 Buy Zone #1 3095–3120 Weekly FVG + Fibo 38.2 retrace
🟩 Buy Zone #2 2980–3030 Unmitigated demand block, old resistance turned demand
🟩 Buy Zone #3 2850–2890 Weekly CHoCH zone & deep Fibo retrace
📈 Fibonacci Extensions (from last major HL–HH):
FE 100% = 3435 ✅ hit
FE 127% = 3580 (remains next upside target IF retracement holds at key support)
FE 161.8% = 3720 (only if we reclaim 3435 cleanly)
🔺 Weekly Bias:
Short-Term: Bearish pullback (especially early week if no bullish LTF CHoCH)
Mid-Term: Bullish continuation still valid if 3090–3120 holds
🧠 Key Notes:
Expect trap zones and tricky NY opens if no clean confirmation
3210 = likely re-entry point for bears if price retraces
3090–3120 = key defensive line for bulls; invalidation of this = possible slide to 2980
If 3435 gets swept again with strength and closes above → bullish continuation unlocked
🧨 High-Impact Risk Events – This Week
📅 Thu, May 22
📉 Unemployment Claims – 2:30pm
📊 Flash Manufacturing & Services PMI – 3:45pm
🏠 Existing Home Sales – 4:00pm
📅 Fri, May 23
📊 New Home Sales – 4:00pm
📑 FOMC Financial Stability Report (tentative)
📌 Gold Weekly Outlook – “Sniper Zones Reloaded 🔫”
After weeks of pure bullish momentum, gold finally showed signs of exhaustion with a clean weekly rejection from the premium zone.
Is this the start of a real pullback? Or just another fakeout to shake out retail before continuation?
We’ve mapped the structure:
🟥 3435 is the stronghold
🟩 3090 is the battlefield
With Unemployment Claims, PMIs, and housing data lined up this week, expect volatility — but don’t force entries.
Trade light. Stay patient. Let the sniper setup come to you. 🎯
🔥 Like & Follow GoldFxMinds for sniper-level breakdowns
💬 Drop your bias below — correction or continuation? 👇
GoldFxMinds | XAUUSD Sniper Plans, Structure-Driven Bias & Execution Clarity
Free: t.me/GoldMindsFX_AI
VIP: t.me/GoldMindsFX_A
1-on-1 Coaching: t.me/GoldFxMinds
Free: t.me/GoldMindsFX_AI
VIP: t.me/GoldMindsFX_A
1-on-1 Coaching: t.me/GoldFxMinds
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.
GoldFxMinds | XAUUSD Sniper Plans, Structure-Driven Bias & Execution Clarity
Free: t.me/GoldMindsFX_AI
VIP: t.me/GoldMindsFX_A
1-on-1 Coaching: t.me/GoldFxMinds
Free: t.me/GoldMindsFX_AI
VIP: t.me/GoldMindsFX_A
1-on-1 Coaching: t.me/GoldFxMinds
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.