Gold Outlook – Friday Pullback Could Fuel the Next Leg Up
🌟 Market Overview
Gold delivered an impressive move yesterday, securing a +340 pip profit — a strong finish as we head into the final trading day of the week.
Today, price action has softened slightly, showing signs of a healthy pullback phase before a possible continuation.
Fibonacci extension levels suggest gold could stretch further, potentially reaching the 355x region.
📉 Potential Pullback Zones
Using a combination of Fibonacci retracement and Volume Profile, two key areas are in focus for potential long entries:
3327–3329: shallow retracement zone
3320–3322: deeper support and high liquidity area
Expect tighter price ranges until the US session opens later in the day.
📌 Trading Plan – Buy Preferred
✅ Buy Setup 1:
3327 – 3329
→ SL: 3324
→ TP: 3338 – 3346 – 3355
✅ Buy Setup 2:
3320 – 3322
→ SL: 3314
→ TP: 3329 – 3338 – 3346 – 3355
⚠️ Sell Setup (Short-Term Only):
3353 – 3355
→ SL: 3359
→ TP: 3344 – 3336 – 3324
💡 Key Insights
Focus on zones where Fair Value Gaps, liquidity, and indicator confluence align.
Stay disciplined — avoid chasing price into Friday volatility.
End the week with clarity and control. Let your plan trade for you, not your emotions.
#goldoutlook #XAUUSD #technicalanalysis #fibonacci #volumeprofile #fairvaluegap #UKtraders #tradingstrategy #EMAconfluence #marketinsight #priceaction #tradingplan #goldtrading #forexUK #smartmoney
🌟 Market Overview
Gold delivered an impressive move yesterday, securing a +340 pip profit — a strong finish as we head into the final trading day of the week.
Today, price action has softened slightly, showing signs of a healthy pullback phase before a possible continuation.
Fibonacci extension levels suggest gold could stretch further, potentially reaching the 355x region.
📉 Potential Pullback Zones
Using a combination of Fibonacci retracement and Volume Profile, two key areas are in focus for potential long entries:
3327–3329: shallow retracement zone
3320–3322: deeper support and high liquidity area
Expect tighter price ranges until the US session opens later in the day.
📌 Trading Plan – Buy Preferred
✅ Buy Setup 1:
3327 – 3329
→ SL: 3324
→ TP: 3338 – 3346 – 3355
✅ Buy Setup 2:
3320 – 3322
→ SL: 3314
→ TP: 3329 – 3338 – 3346 – 3355
⚠️ Sell Setup (Short-Term Only):
3353 – 3355
→ SL: 3359
→ TP: 3344 – 3336 – 3324
💡 Key Insights
Focus on zones where Fair Value Gaps, liquidity, and indicator confluence align.
Stay disciplined — avoid chasing price into Friday volatility.
End the week with clarity and control. Let your plan trade for you, not your emotions.
#goldoutlook #XAUUSD #technicalanalysis #fibonacci #volumeprofile #fairvaluegap #UKtraders #tradingstrategy #EMAconfluence #marketinsight #priceaction #tradingplan #goldtrading #forexUK #smartmoney
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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.
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.