The sell-off from yesterday is a notable signal, especially since there was no strong news catalyst, yet gold still declined aggressively. This shows that the market is no longer purely driven by news, but rather reflects underlying selling pressure and capital quietly flowing out.
Price has returned to the nearest support zone from the previous sell-off, confirming a familiar structure: the market is operating in a break → pullback → continuation pattern, rather than simple sideways movement. This suggests that the previous weak accumulation phase is fading, and the market is transitioning into a clearer distribution phase.
From a macro perspective, although short-term catalysts are lacking, the broader narrative of recession, monetary policy expectations, and geopolitical tensions remains in the background. However, instead of driving price higher, these factors are failing to support gold — which is a critical signal:
→ Good news but no price increase = market weakness
Currently, gold is trading below the descending trendline and approaching the upper zone (demand + trendline + FVG). This will be a key liquidity area if price retraces.
Main scenario:
Wait for price to retrace into the upper zone (demand + trendline)
Monitor reaction → prioritize sell setups following the bearish bias
Alternative scenario:
If price holds the current support and rebounds strongly →
→ This is likely only a technical pullback, not a confirmed reversal
Conclusion:
The market is gradually shifting into a more directional phase, with selling pressure dominating. Pullbacks at this stage are not for chasing buys, but for optimizing sell entries at better prices.
Overall bias: Bearish – prioritize selling on rallies, avoid bottom chasing.
LucasGrayTrading
Price has returned to the nearest support zone from the previous sell-off, confirming a familiar structure: the market is operating in a break → pullback → continuation pattern, rather than simple sideways movement. This suggests that the previous weak accumulation phase is fading, and the market is transitioning into a clearer distribution phase.
From a macro perspective, although short-term catalysts are lacking, the broader narrative of recession, monetary policy expectations, and geopolitical tensions remains in the background. However, instead of driving price higher, these factors are failing to support gold — which is a critical signal:
→ Good news but no price increase = market weakness
Currently, gold is trading below the descending trendline and approaching the upper zone (demand + trendline + FVG). This will be a key liquidity area if price retraces.
Main scenario:
Wait for price to retrace into the upper zone (demand + trendline)
Monitor reaction → prioritize sell setups following the bearish bias
Alternative scenario:
If price holds the current support and rebounds strongly →
→ This is likely only a technical pullback, not a confirmed reversal
Conclusion:
The market is gradually shifting into a more directional phase, with selling pressure dominating. Pullbacks at this stage are not for chasing buys, but for optimizing sell entries at better prices.
Overall bias: Bearish – prioritize selling on rallies, avoid bottom chasing.
LucasGrayTrading
การซื้อขายยังคงดำเนินอยู่
Gold continues to respect the bearish structure, completing a move down into the trendline + support zone, then reacting with a ~500 pip bounce — this is corrective, not reversal.The market is still operating within a clear downtrend channel, meaning rallies are being used as liquidity grabs rather than true bullish continuation.
Current context:
Bounce = reaction from support, not strength
Structure = still lower highs – lower lows
Momentum = remains bearish
Plan:
Wait for price to retrace into demand / FVG zones above
Look for confirmation (rejection / structure shift on lower TF)
Run SELL following main bias
Key insights:
This bounce is likely a pullback to refill inefficiencies, not a shift in trend.
Bias: Continue SELL on retracements – follow the trend, don’t chase the bounce.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Gold followed the correct technical structure, falling from the FVG zone to the support and trendline before rebounding sharply by nearly 1000 pips. However, this rally was only a technical rebound, not a reversal. Upon re-touching the upper trendline and demand zone, the price was strongly rejected and fell back by about 800 pips, indicating that sellers still control the high price level.Currently, gold has broken through the short-term downtrend line, confirming a short-term rebound. However, overall, the larger structure still leans towards a downtrend. The market is in a transitional phase, with some rebound but not enough to change the main bias.
This phase is not suitable for chasing prices; we need to wait for a clear reaction at key zones.
Wait for today's plan to determine the correct entry points.
Daily trend & Supply/Demand insights 📊
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High-probability zones & structured setups
Clear scenarios for better decision-making
Trade smarter with LucasGrayTrading 🎖
👉 t.me/+cZC_DmEr3OwzOTA1
High-probability zones & structured setups
Clear scenarios for better decision-making
Trade smarter with LucasGrayTrading 🎖
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
Daily trend & Supply/Demand insights 📊
👉 t.me/+cZC_DmEr3OwzOTA1
High-probability zones & structured setups
Clear scenarios for better decision-making
Trade smarter with LucasGrayTrading 🎖
👉 t.me/+cZC_DmEr3OwzOTA1
High-probability zones & structured setups
Clear scenarios for better decision-making
Trade smarter with LucasGrayTrading 🎖
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน