Gold Spot / U.S. Dollar
Short
Updated

Daily Sniper Plan for Friday, May 23

899
👋 Hey Gold Snipers, Ready to Slice Through the Noise?

The market has been throwing shadows and traps all day — but structure doesn’t lie. As we head into May 23, we’ve mapped out the real levels that matter. No hype. Just clean logic. You want sniper entries? Here's where we hunt 🧠🎯

🔭 Bias for May 23: Bearish-to-Neutral
Short-term bias is bearish as long as 3298 holds as resistance

If bulls reclaim 3300+ with momentum, we shift into bullish continuation bias toward 3332–3345

Until then, we’re playing inside structure → fading premium, buying deep discount only on confirmation


🧭 Market Update
Gold spent most of Thursday chopping inside indecision, dancing between reclaimed zones and rejected premiums. But smart money leaves a trail — and tonight, structure gave us the blueprint:

CHoCH confirmed from 3345 → now forming a lower high structure

EMA 5/21 still locked bearish on M15–H1, while price holds under the OB flip zone

RSI is showing divergence near key demand

FVGs still exposed both above and below = imbalance-driven reactions likely

Momentum is building... but direction depends on how we react to these zones👇


🧩 Plan for Friday, May 23 – Built Around Key Zones
🔺 Sell Zone: 3314–3320
💥 Premium OB reaction area
→ If price taps and rejects, this is where shorts load
→ EMA 100 and previous LH sit here — high probability fade level
→ Watch for M5 CHoCH or bearish engulfing to trigger sniper logic

⚖️ Flip Zone: 3292–3298
🧠 Former demand turned resistance — now the pivot of truth
→ If price rejects here again, expect quick drop to 3260s
→ BUT... if bulls reclaim and hold above 3300, this flips the script
→ In that case, structure opens doors to:

🟡3314

🟡3332

Even 3345+ (liquidity sweep zone)

We adapt with structure — not emotions.

🟩 Buy Zone #1: 3263–3273
✅ CHoCH support base + FVG + RSI bounce
→ This is sniper ground if price returns here cleanly
→ Look for EMA 5/21 bull lock + M15 BOS
→ Reactive zone, not for the impulsive — confirmation or nothing

🟩 Buy Zone #2: 3242–3250
🔑 Deep liquidity sweep + fib 78–88.6%
→ If price runs the 3260 zone and traps liquidity, this is the reload zone
→ Needs strong wick + RSI divergence + internal BOS to act

❌ Breakdown/Invalidation Zone: 3222–3230
🚨 Below here = no more sniper longs
→ Structure flips HTF bearish
→ If it breaks with volume and OB rejection on retest = prepare for deeper slide

🧠 Final Thoughts:
This isn’t about signals. It’s about structure.

Gold moves best when we wait — not when we guess. We mapped every key zone. Now we wait for confirmation, follow the logic, and let the amateurs get baited in between.

🎯 Bias stays bearish under 3298. Above 3300, we start building toward higher liquidity zones — but confirmation is king.

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🔔 Market Update – Friday, May 23, 2025
After a strong bullish move sweeping through 3314–3320 and extending all the way to the 3364–3368 zone, gold has shown clear bullish order flow, driven by aggressive displacement and liquidity sweeps. Many were stuck selling early in premium and missed the broader picture — we now acknowledge the higher timeframe strength.

Despite the current hesitation near 3364–3368, momentum remains bullish, and we are now preparing for either a continuation leg above the weak high or a retracement back into new demand zones.

🔍 Current Bias: Bullish with Caution
HTF Structure: Bullish

MTF Flow: Bullish with short-term exhaustion

EMAs: 5/21 lock bullish, all above 100/200

RSI: Showing mild bearish divergence → expect retracement first

🧭 Key Zones and Intraday Plan
🔹 Zone 📍 Price Range 📌 Plan
Top Rejection/Continuation Zone 3364–3368 Price tapped this zone and pulled back slightly. If we see another sweep + bullish PA (e.g., FVG tap or OB bounce), continuation is likely toward 3380+. Otherwise, possible deviation and rejection back into 3340s.
Flip Reaction Zone 3342–3348 If this zone holds as support on retrace, short-term continuation is valid. Look for PA + EMA alignment and RSI bounce. First bullish reactivation zone.
Deeper Buy Re-entry Zone 3304–3310 This is a fresh, clean demand zone aligned with previous CHoCH and EMA50. If price sweeps into here, RSI resets, and bullish OB holds, sniper re-entry possible.
Swing Demand Zone 3284–3290 Only revisit if we get a full structure reset. Premium–discount levels align here, and HTF OB + FVG combo builds strong confluence. Deeper swing opportunity only on breakdown of 3310.

⚠️ What to Watch For:
Friday behavior often includes fakeouts → don’t jump in blindly at premium

New York session might trap both sides before choosing a direction

Always wait for PA confirmation with confluence: EMA lock, RSI, CHoCH/BOS, OB, FVG

💬 Final Thoughts
We’re no longer inside the early-week range — structure has expanded. The market has proven bullish intent, and unless we see a breakdown below 3310, buyers are still in control. The key is timing: wait for retracement, enter with structure.

Trade safe, protect capital, and don’t chase green candles in premium.

Let’s see how NY closes today — and don’t forget: Friday = manipulation day.

👉 Study the plan, journal your view, and tag us if you catch a clean setup!

— GoldFxMinds

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