A typical Friday for gold?

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Hi, I’m Maicol, an Italian trader.
I study Gold since 2019.

I need your support.
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Please read the description to understand the trading plan.
Don’t focus only on the chart. Thanks.

🌞 GOOD MORNING EVERYONE 🌞

🪙 Gold price action

Gold structure is bullish.

At the moment we have:

W: short
D: long channel
H4: long channel

Today there’s no major news, just a typical Friday for gold.
Surprises will likely come over the weekend, don’t you think?

I’ve read that there is a 10-day ceasefire between Lebanon and Israel.
Benjamin Netanyahu said troops will remain in Lebanon during the truce.

Structurally, nothing has changed.
Price is still ranging.

A strong news catalyst is needed to give direction.
Right now, price action alone is not enough.

The market is waiting for a catalyst:

-geopolitics
-central banks
-inflation data

👉 This is a reaction market, not a predictive one.
First the news comes, then the move follows.

I see two possible scenarios:

🔼 Bullish scenario

War de-escalates
Yields stop rising or start falling
→ Gold moves higher

🔽 Bearish scenario

War escalates
Oil spikes
Inflation fears increase
→ Real yields rise
→ Gold moves lower

For now: attention, calm, and patience.

I’m watching the 4760–4740 zone.
This is the area giving me bullish pressure.

If it gets invalidated, price could move lower.

Don’t forget the overall structure gold has built within a rising channel.

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📬 If you have any questions, message me. I’ll reply.

In the meantime, have a good day.

-GOOD TRADING
-MANAGE RISK
-BE PATIENT

Feragatname

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