🟡 GOLD WEEKLY OPEN – Sellers Hit Early, But Market Psychology Will Lead the Way
Gold kicked off the new week with a sharp drop during the Asian session, falling over 40 points from the previous highs (around 3018) down into the 297x zone. This reflects lingering sell pressure from the previous week’s volume.
However, gold quickly bounced back by nearly 40 points, confirming strong buy interest around 297x — a key level on the higher timeframes.
📌 This 297x zone is a critical support on H4/D1. A confirmed break below it could open the door for a deeper sell-off into 295x and beyond.
🔍 Technical Overview:
The broader trend on H4 and D1 still leans bullish.
However, psychological reactions from market participants are currently stronger than clean technical patterns.
On H1 and H2, price is now reacting to the 0.5 Fibonacci retracement.
A close below 3030 could trigger a renewed bearish move toward the 295x target.
🧠 Sentiment Will Drive Direction:
So far, only Asian and Australian sessions have participated.
We’ll need to monitor the London & US sessions closely to confirm directional conviction.
This is a sentiment-led market, not one purely ruled by structure → only trade from key zones with clean reaction signals.
🧭 KEY PRICE LEVELS:
🔺 Resistance:
3055 – 3076 – 3107
🔻 Support:
3024 – 3005 – 2970 – 2952
🎯 TRADE PLAN
🟢 BUY ZONE: 2980 – 2978
SL: 2974
TP: 2984 – 2988 – 2992 – 2996 – 3000
🔴 SELL ZONE: 3076 – 3078
SL: 3082
TP: 3072 – 3068 – 3064 – 3060 – 3056 – 3050
📅 Important this week:
Major data coming: CPI – PPI – FOMC Speeches → Expect potential spikes midweek. Stay alert, and I’ll update key reaction zones as the sessions unfold.
Stick to clear plans and always use TP/SL — capital protection comes first.
Good luck team,
— AD | Money Market Flow
Gold kicked off the new week with a sharp drop during the Asian session, falling over 40 points from the previous highs (around 3018) down into the 297x zone. This reflects lingering sell pressure from the previous week’s volume.
However, gold quickly bounced back by nearly 40 points, confirming strong buy interest around 297x — a key level on the higher timeframes.
📌 This 297x zone is a critical support on H4/D1. A confirmed break below it could open the door for a deeper sell-off into 295x and beyond.
🔍 Technical Overview:
The broader trend on H4 and D1 still leans bullish.
However, psychological reactions from market participants are currently stronger than clean technical patterns.
On H1 and H2, price is now reacting to the 0.5 Fibonacci retracement.
A close below 3030 could trigger a renewed bearish move toward the 295x target.
🧠 Sentiment Will Drive Direction:
So far, only Asian and Australian sessions have participated.
We’ll need to monitor the London & US sessions closely to confirm directional conviction.
This is a sentiment-led market, not one purely ruled by structure → only trade from key zones with clean reaction signals.
🧭 KEY PRICE LEVELS:
🔺 Resistance:
3055 – 3076 – 3107
🔻 Support:
3024 – 3005 – 2970 – 2952
🎯 TRADE PLAN
🟢 BUY ZONE: 2980 – 2978
SL: 2974
TP: 2984 – 2988 – 2992 – 2996 – 3000
🔴 SELL ZONE: 3076 – 3078
SL: 3082
TP: 3072 – 3068 – 3064 – 3060 – 3056 – 3050
📅 Important this week:
Major data coming: CPI – PPI – FOMC Speeches → Expect potential spikes midweek. Stay alert, and I’ll update key reaction zones as the sessions unfold.
Stick to clear plans and always use TP/SL — capital protection comes first.
Good luck team,
— AD | Money Market Flow
⚜️ 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.