As we head into the upcoming week, all eyes are on the Federal Reserve's interest rate decision, which is a major catalyst for gold. This event could significantly influence gold’s direction — either fueling the ongoing bullish trend or triggering a pullback.
🔎 Current Technical Outlook:
Gold is currently showing strong bullish momentum across higher timeframes.
Liquidity targets remain above, with key zones likely to be breached via wicks or trendline taps.
Given the uncertainty around the news and macro factors, we’ll execute trades only on confirmed setups from lower timeframe's confirmation.
📌 Trade Plan:
Open 50% of the position at $3160,
an inevitable level which is a critical level backed by technical confluence.
Enter remaining positions based on lower timeframe confirmation.
📝 Supporting Fundamentals:
COT (Commitment of Traders) Report indicates an increase in net long positions on gold.
$3160 is highly probable — we anticipate price to tap this zone.
The U.S. has significantly increased gold imports, reflecting strategic accumulation.
Smart money has taken partial profits, but large bullish positions are still being held.
Expectation: A sweep of major liquidity levels, followed by a continuation of the bullish trend.
Stay sharp and disciplined. Wait for confirmation before adding full exposure.
🔎 Current Technical Outlook:
Gold is currently showing strong bullish momentum across higher timeframes.
Liquidity targets remain above, with key zones likely to be breached via wicks or trendline taps.
Given the uncertainty around the news and macro factors, we’ll execute trades only on confirmed setups from lower timeframe's confirmation.
📌 Trade Plan:
Open 50% of the position at $3160,
an inevitable level which is a critical level backed by technical confluence.
Enter remaining positions based on lower timeframe confirmation.
📝 Supporting Fundamentals:
COT (Commitment of Traders) Report indicates an increase in net long positions on gold.
$3160 is highly probable — we anticipate price to tap this zone.
The U.S. has significantly increased gold imports, reflecting strategic accumulation.
Smart money has taken partial profits, but large bullish positions are still being held.
Expectation: A sweep of major liquidity levels, followed by a continuation of the bullish trend.
Stay sharp and disciplined. Wait for confirmation before adding full exposure.
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.
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.