New day, same question:
Is Gold preparing to continue higher, or does it need to sweep the lows first?
Right now price is still stuck in consolidation around the monthly POC near 4384–4390.
We had an attempt toward the previous daily high during the pre-Asian session, but price stalled before reaching it.
That tells me buyers have not fully taken control yet.
But it also doesn't automatically mean sellers are in control.
For now, this is still a balanced market.
🔵 THE BULLISH SCENARIO
Based on Monday’s low, I would like to see price sweep that level before I consider a long.
Monday’s low is sitting around 4360.6.
If price breaks lower, runs those lows, and then rejects back above the level, I’ll be paying close attention.
What I want to see is:
Range break → Monday’s low sweep → sellers fail to continue → buyers reclaim the level → confirmation.
That would give me a reason to believe the downside move was more of a liquidity grab than true bearish continuation.
But I’m not buying simply because the low gets swept.
The reaction afterward is what matters.
🔴 WHAT WOULD KEEP ME OUT?
If price breaks below Monday’s low and begins accepting underneath it, I’m hands off.
At that point, I have to respect the possibility that price wants to reach lower — potentially toward the previous weekly low around 4339.7 or the larger demand area beneath it.
I don't want to sit there trying to convince myself that the market has to reverse just because I wanted a sweep.
If the level fails, the level fails.
📈 UPSIDE SCENARIO
Of course, price could still break higher first.
If buyers push through the range and hold above it, I’ll watch how price reacts around the previous daily high near 4422.2.
If we get acceptance above that level, the previous weekly high around 4438.3 becomes the next area I’m watching.
But if price breaks higher and immediately falls back into the range, that could simply be another failed breakout and rotation back toward the lower end.
🎯 MY PLAN
Right now, the market is too choppy for me to force anything.
I’m waiting for:
A range break.
A reaction at a meaningful level.
Order flow confirmation.
Then an entry.
I still have a bullish lean, but I’m not treating Monday’s low as a guaranteed sweep or assuming the weekly low is already in place.
It’s still early in the week.
We haven't established the true weekly high or low yet.
For now, I’m letting price develop and waiting for it to show me whether the next move is a real breakout or just another liquidity run.
No need to predict the move.
Let the reaction give us the information.
#Gold #MGC #GC #GoldFutures #FuturesTrading #OrderFlow #PriceAction #VolumeProfile #LiquiditySweep #MarketStructure #TradingView #DayTrading #FVG #GoldTrading
Is Gold preparing to continue higher, or does it need to sweep the lows first?
Right now price is still stuck in consolidation around the monthly POC near 4384–4390.
We had an attempt toward the previous daily high during the pre-Asian session, but price stalled before reaching it.
That tells me buyers have not fully taken control yet.
But it also doesn't automatically mean sellers are in control.
For now, this is still a balanced market.
🔵 THE BULLISH SCENARIO
Based on Monday’s low, I would like to see price sweep that level before I consider a long.
Monday’s low is sitting around 4360.6.
If price breaks lower, runs those lows, and then rejects back above the level, I’ll be paying close attention.
What I want to see is:
Range break → Monday’s low sweep → sellers fail to continue → buyers reclaim the level → confirmation.
That would give me a reason to believe the downside move was more of a liquidity grab than true bearish continuation.
But I’m not buying simply because the low gets swept.
The reaction afterward is what matters.
🔴 WHAT WOULD KEEP ME OUT?
If price breaks below Monday’s low and begins accepting underneath it, I’m hands off.
At that point, I have to respect the possibility that price wants to reach lower — potentially toward the previous weekly low around 4339.7 or the larger demand area beneath it.
I don't want to sit there trying to convince myself that the market has to reverse just because I wanted a sweep.
If the level fails, the level fails.
📈 UPSIDE SCENARIO
Of course, price could still break higher first.
If buyers push through the range and hold above it, I’ll watch how price reacts around the previous daily high near 4422.2.
If we get acceptance above that level, the previous weekly high around 4438.3 becomes the next area I’m watching.
But if price breaks higher and immediately falls back into the range, that could simply be another failed breakout and rotation back toward the lower end.
🎯 MY PLAN
Right now, the market is too choppy for me to force anything.
I’m waiting for:
A range break.
A reaction at a meaningful level.
Order flow confirmation.
Then an entry.
I still have a bullish lean, but I’m not treating Monday’s low as a guaranteed sweep or assuming the weekly low is already in place.
It’s still early in the week.
We haven't established the true weekly high or low yet.
For now, I’m letting price develop and waiting for it to show me whether the next move is a real breakout or just another liquidity run.
No need to predict the move.
Let the reaction give us the information.
#Gold #MGC #GC #GoldFutures #FuturesTrading #OrderFlow #PriceAction #VolumeProfile #LiquiditySweep #MarketStructure #TradingView #DayTrading #FVG #GoldTrading
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน