New week, new opportunities.
As much as I want to lean bearish, I think the biggest mistake traders can make right now is forcing a bias before the market has shown its hand.
Price has been consolidating between the previous daily high at 4376.5 and the previous daily low at 4326.7. Until one of those levels is tested and accepted beyond, we're essentially trading in the middle of an auction.
On the higher timeframes, structure still favors the bears:
✔ Lower highs remain intact
✔ Price is trading below a large H4 bearish Fair Value Gap
✔ Recent rallies have struggled to gain acceptance
However, there are also unfilled H4 bullish imbalances sitting below current price that could attract liquidity before any larger move develops.
What I'm Watching
🔹 Bullish Scenario
Sweep below 4326.7
Tap into one of the H4 FVGs below
Reclaim the range
Look for signs of buyer absorption and continuation higher
🔹 Bearish Scenario
Break and hold below 4326.7
Failed retest of support
Continuation toward lower imbalance targets
🔹 Alternative Scenario
Continued consolidation while traders wait for major economic catalysts and institutional participation.
At the moment, I'm not interested in predicting the move.
I'm interested in reacting to it.
The best trades often come from the edges of the range, not the middle.
For now, patience remains the highest-probability setup.
Key Levels:
📈 Resistance: 4376.5
📉 Support: 4326.7
Waiting for price to show its intentions before committing capital.
#Gold #MGC #FuturesTrading #OrderFlow #TradingView #PriceAction #MarketStructure #TradingPsychology #DayTrading #TradingPlan
As much as I want to lean bearish, I think the biggest mistake traders can make right now is forcing a bias before the market has shown its hand.
Price has been consolidating between the previous daily high at 4376.5 and the previous daily low at 4326.7. Until one of those levels is tested and accepted beyond, we're essentially trading in the middle of an auction.
On the higher timeframes, structure still favors the bears:
✔ Lower highs remain intact
✔ Price is trading below a large H4 bearish Fair Value Gap
✔ Recent rallies have struggled to gain acceptance
However, there are also unfilled H4 bullish imbalances sitting below current price that could attract liquidity before any larger move develops.
What I'm Watching
🔹 Bullish Scenario
Sweep below 4326.7
Tap into one of the H4 FVGs below
Reclaim the range
Look for signs of buyer absorption and continuation higher
🔹 Bearish Scenario
Break and hold below 4326.7
Failed retest of support
Continuation toward lower imbalance targets
🔹 Alternative Scenario
Continued consolidation while traders wait for major economic catalysts and institutional participation.
At the moment, I'm not interested in predicting the move.
I'm interested in reacting to it.
The best trades often come from the edges of the range, not the middle.
For now, patience remains the highest-probability setup.
Key Levels:
📈 Resistance: 4376.5
📉 Support: 4326.7
Waiting for price to show its intentions before committing capital.
#Gold #MGC #FuturesTrading #OrderFlow #TradingView #PriceAction #MarketStructure #TradingPsychology #DayTrading #TradingPlan
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.