Gold is struggling in its recovery efforts as prices continue to react negatively at the resistance zone of 4,228. Although the USD shows slight signs of weakening, the overall market sentiment remains cautious as investors await inflation data and new signals from the Fed next week.
In this context, the short-term structure indicates that gold is leaning towards a corrective downtrend – aligning with the sell strategy on the rebound.
📊 MMF Technical Outlook (M30)
🔸 1. Rising Wedge Pattern Has Broken Down
Gold has just broken the “rising wedge” pattern – a clear signal of weakening momentum. The current rebound is merely a retest of the broken structure zone, easily forming a lower high → continued decline.
🔸 2. Important Supply Zone
4,226 – 4,229 → Supply Zone + the starting point of the previous strong decline
If the price touches this zone with weak signals, sellers are likely to regain dominance.
🔸 3. Liquidity Zone – Price Attraction Target
4,172 – 4,173 → Liquidity zone + strong demand + wedge bottom
This is the zone where the market is likely to pull the price during the session.
🎯 MMF Trading Plan – Priority to SELL
▶️ Main Scenario – SELL on the rebound
If the price rebounds to the supply zone:
🔹 SELL zone: 4,226 – 4,229
🔹 SL: above 4,235
🔹 TP1: 4,190
🔹 TP2: 4,172 (main target)
Reason: Price retests the broken resistance + downward momentum remains strong → attractive R:R entry.
▶️ Alternative Scenario – Price drops directly
If the price does not rebound sufficiently to 4,228:
🔹 Wait for a small retest around 4,205 – 4,208 → SELL
🔹 Target remains 4,172
🧭 MMF Daily Bias
Preferred trend: Bearish as long as the price is below 4,228
Strategy: Sell on the rebound – target 4,172
Invalidation: M30 candle closes above 4,235
Note: Volatility may increase near important US news.
In this context, the short-term structure indicates that gold is leaning towards a corrective downtrend – aligning with the sell strategy on the rebound.
📊 MMF Technical Outlook (M30)
🔸 1. Rising Wedge Pattern Has Broken Down
Gold has just broken the “rising wedge” pattern – a clear signal of weakening momentum. The current rebound is merely a retest of the broken structure zone, easily forming a lower high → continued decline.
🔸 2. Important Supply Zone
4,226 – 4,229 → Supply Zone + the starting point of the previous strong decline
If the price touches this zone with weak signals, sellers are likely to regain dominance.
🔸 3. Liquidity Zone – Price Attraction Target
4,172 – 4,173 → Liquidity zone + strong demand + wedge bottom
This is the zone where the market is likely to pull the price during the session.
🎯 MMF Trading Plan – Priority to SELL
▶️ Main Scenario – SELL on the rebound
If the price rebounds to the supply zone:
🔹 SELL zone: 4,226 – 4,229
🔹 SL: above 4,235
🔹 TP1: 4,190
🔹 TP2: 4,172 (main target)
Reason: Price retests the broken resistance + downward momentum remains strong → attractive R:R entry.
▶️ Alternative Scenario – Price drops directly
If the price does not rebound sufficiently to 4,228:
🔹 Wait for a small retest around 4,205 – 4,208 → SELL
🔹 Target remains 4,172
🧭 MMF Daily Bias
Preferred trend: Bearish as long as the price is below 4,228
Strategy: Sell on the rebound – target 4,172
Invalidation: M30 candle closes above 4,235
Note: Volatility may increase near important US news.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
⚜️Trade with Money Market Flow, logic, Price action
🔥Live Market Updates-Realtime Trading Plans & Signal
t.me/+sBwjxIJbdoFmNjk1
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 16 Signals VIP
MMFLOW gives you precision entries & BIGWIN profits
🔥Live Market Updates-Realtime Trading Plans & Signal
t.me/+sBwjxIJbdoFmNjk1
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 16 Signals VIP
MMFLOW gives you precision entries & BIGWIN profits
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน