Long
Gold Market Weekly Review: The Tug-of-War Between Bulls and BearGold Market Weekly Review: The Tug-of-War Between Bulls and Bears Continues; Key Data Released Next Week, Gold Faces a Directional Choice
Market Review: Positioning Report Reveals Structural Adjustment in Funding; Safe-Haven Logic Dominates Precious Metal Pricing in the Short Term
The latest CFTC positioning data released on Saturday (July 18th) shows that asset management institutions are undergoing a significant adjustment in their positioning structure as of the week ending July 14th. Net long positions in gold increased by 4,294 contracts to 119,147 contracts, indicating that macro funds are reassessing uncertainty risks amid a temporary withdrawal from the equity market, and the demand for gold as a traditional safe-haven asset is heating up again.
In stark contrast, net long positions in silver decreased by 1,755 contracts to 10,377 contracts during the same period. This significant divergence in gold and silver positioning reflects a subtle stratification in current funding logic—the market tends to recognize gold's "currency anchor" attribute while temporarily downplaying silver's commodity and industrial attributes. Under the dual pressure of economic recession concerns and uncertain industrial demand prospects, silver has passively endured more selling pressure.
This structural divergence precisely illustrates that the core driver of this round of precious metal price increases is not simply commodity cycle resonance, but rather a safe-haven market driven by risk hedging demand. If global manufacturing indicators show signs of stabilization, the currently suppressed silver price may have a chance for a rebound driven by expectation gap correction, at which point the gold-silver ratio may undergo a correction.
Gold Technical Analysis: Weekly Bearish Pattern Confirmed, Daily Chart Remains Weak
From a weekly perspective, gold has recently closed lower for several consecutive weeks, with the candlestick bodies steadily declining, and the price consistently constrained below the moving average system across various timeframes. Short-term moving averages have turned downwards, forming layers of resistance, repeatedly hindering rebounds, indicating a significant lack of buying confidence in the market. The multiple rallies and pullbacks during the week reflect limited bullish resistance; after key support levels were breached, the technical indicators have not yet provided a clear signal of a bottom. The weekly bearish pattern is relatively clear, with the main resistance area concentrated around $4150, while the key medium-term support lies at $3850. Without a major fundamental reversal, the medium-term correction trend is likely to continue. On the daily chart, gold prices have been trending downwards, with the candlestick bodies consistently trading below the 5-day, 10-day, and 20-day moving averages. The moving average system exhibits a standard bearish alignment, and the Bollinger Bands are widening downwards, with the price action closely following the lower band. Bearish momentum dominates the short-term trend. Technical indicators show no bullish divergence on the daily chart, making a strong reversal in the short term difficult. Overall, the market maintains a weak and downward-trending tone, with rebounds seen more as corrections than trend reversals. The first resistance level on the daily chart is around $4040-$4050, which can serve as a key reference area for shorting on rallies early next week.
Short-term 4-hour chart: Range-bound trading awaits breakout, critical point approaching. On the shorter-term 4-hour chart, price action is trapped in a typical converging range. Recent price action has shown repeated back-and-forth movements, with upward movements lacking sustained momentum and downward movements failing to produce smooth, one-sided moves. Gold prices rebounded but encountered significant resistance after touching short-term moving averages, subsequently falling back. Upon reaching previous support levels, some bargain hunters emerged, creating a weak balance between bulls and bears at the current level.
The moving average system is flattening and intertwined, while the Bollinger Bands are gradually narrowing, indicating that a turning point is approaching. The MACD indicator is repeatedly crossing below the zero line, with alternating red and green histogram bars, but no clear one-sided volume signal has yet appeared. This technical pattern typically suggests that the market is awaiting a new fundamental catalyst to break the stalemate.
For short-term trading, the resistance level around $4040 needs close monitoring. This level is both a convergence zone of short-term moving averages on the 4-hour chart and resonates with the daily resistance level. Key short-term support is at $3960, while the more crucial support/resistance level lies at $3940. A decisive break below this level would open up further downside potential, potentially triggering a new round of technical selling.
Key Risk Events Next Week: A Data Frenzy and Potentially Significant Volatility Increases
Next week (July 20-24) will see a dense window of economic data and policy events in global markets, with multiple key variables set to be released, which is expected to have a significant impact on the foreign exchange, commodity, and equity markets.
Overseas Inflation and Employment Data Intertwined: Canadian CPI, European and American employment and trade data will be released in quick succession, coupled with the crude oil inventory rollover, increasing volatility risk in commodity markets.
ECB Interest Rate Decision: As the most significant policy event next week, the ECB's statement will directly affect the US dollar index, and consequently, directly impact gold prices through the exchange rate transmission mechanism.
Global Manufacturing PMI Preliminary Verification: Manufacturing activity data from multiple countries will be released in quick succession. This is a crucial window to assess whether concerns about a global economic recession are excessive, and will also determine the subsequent recovery potential of industrial commodities such as silver.
Gold Trading Strategy for the Beginning of Next Week: Based on the above comprehensive analysis of technical and fundamental factors, the short-term trading strategy for the beginning of next week is recommended to focus on selling on rallies, with light long positions at key support levels as a secondary approach. Specific strategies are as follows:
Short Position Strategy:
If gold prices rebound to around $4040-$4050 and encounter resistance, short positions can be established in batches, with targets at $4010 and $3980. If the price breaks below key support during the session, the position can be held further, targeting $3960. A stop-loss order is recommended above $4070 to control risk.
Long Position Strategy:
If gold prices first fall back to the $3960-$3970 support area and show signs of stabilization, a small long position can be taken for a short-term rebound, targeting $4000-$4020. A break above this level could potentially challenge $4030. A stop-loss order is recommended below $3940.
The market is constantly changing, and the gains or losses at key levels often determine the short-term direction. If there are sudden data releases or technical breakouts during the session, strategies need to be adjusted flexibly accordingly. We welcome all investors to leave their views on next week's gold price movement in the comments section for discussion and exchange. If you have any questions about entry timing or position management at key levels, please follow my homepage for further information. I will provide a detailed breakdown based on real-time market conditions.
Sound investing follows the trend; controlling risk is the key to long-term success. 
Short
Short
Short 
Gold (XAU/USD) Analysis | Waiting for Confirmation at a -----This is why I like this level. First, there is a Fair Value Gap (FVG). Second, it aligns with a Fibonacci level and a very strong supply zone. On top of that, the 200 EMA is also located around the same area. Together, these factors create a strong confluence, so this will be my preferred seller zone, Insha'Allah, for the coming week.
The main question is: What is the market likely to do from its current position?
The weekly candle closed quite well from a bearish perspective because it closed below the previous week's low. That is a positive sign for sellers. However, there is still a possibility that the market could make a fake breakout to the upside, grab liquidity, and then return to its overall downtrend.
If the price reaches the weekly level and forms a high-quality 15-minute entry setup, it could provide a good selling opportunity. However, I will only take the trade if there is a clear and valid confirmation.
The reason I am interested in this setup is the strong bearish engulfing candle. Although the previous bullish candle was not particularly strong, I believe there is still potential to capture profits from this area. That said, I will not enter without confirmation.
Thanks, everyone.
#XAUUSD #Gold #GoldAnalysis #GoldTrading #Forex #ForexTrading #TechnicalAnalysis #PriceAction #SmartMoneyConcepts #SMC #ICT #FVG #Fibonacci #SupplyAndDemand #Liquidity #Bearish #TradingSetup #SwingTrading #DayTrading #MarketAnalysis #TradingView #ForexCommunity #RiskManagement #WeekendAnalysis #WeeklyOutlook Short 
Sector View: Rotation, Not Breakdown--- TradingView Chart Processed by TradeSentinel AI ---
Markets finally showed a meaningful shift beneath the surface. While the headline indices softened, the internal picture is less about broad weakness and more about capital rotating away from mega-cap growth into a wider group of sectors.
1️⃣ Where is capital actually flowing?
Financials, Industrials, Energy, Health Care, Equal Weight indices and Small Caps continue to hold up better than the large-cap technology leaders.
Market breadth
Breadth remains constructive. Leadership is expanding beyond the handful of stocks that dominated the first half of the advance.
2️⃣ What matters
Equal Weight continues outperforming cap-weighted indices.
Small Caps remain resilient.
Financials and Industrials are becoming increasingly important leadership groups.
Mega-cap Technology is no longer the only engine driving the market.
3️⃣ What is mostly noise
One week of weakness in the headline index.
Daily swings in AI leaders.
Short-term pullbacks that occur while the broader trend and sector rotation remain intact.
4️⃣ TradeSentinel Takeaway
The healthiest bull markets evolve through rotation, not perfection. Rather than chasing yesterday's leaders, focus on where relative strength is quietly emerging. A broadening market offers more opportunities for momentum systems than a narrow rally driven by only a handful of stocks. The objective is to follow expanding leadership, not yesterday's narrative.
--More details---
SPY remains structurally healthy across the intermediate and long-term trend despite short-term weakness.
RSP continues to look healthier than the cap-weighted index, suggesting equal-weight participation remains constructive.
QQQ weakened noticeably over the short term, while QQQE remains comparatively stronger, implying mega-cap technology has lost momentum relative to broader technology.
Russell 2000 (RUT/IWM) continues to hold constructive trends and hasn't broken its broader structure.
Most notable deterioration:
QQQ
XLK
XLY
Communication Services
The market is rotating rather than collapsing.
Losing Relative Strength
QQQ/SPY
XLK/SPY
XLC/SPY
XLY/SPY
Mega-cap growth is no longer carrying the market.
Technology is fragmenting.
Equal-weight tech looks healthier.
Mega-cap tech has weakened.
Software and semiconductors remain constructive but have lost some momentum.
Leadership is broadening away from a handful of large-cap names.
Sector Rotation
Capital appears to be rotating toward:
Financials
Industrials
Energy
Defensive growth
Broader market participation
rather than concentrating exclusively in AI and mega-cap technology. Weekly Review: Acceptance (with emerging short-term stress)--- TradingView Chart Processed by TradeSentinel AI ---
The primary regime remains Acceptance, but this week introduced the first meaningful signs of internal pressure after several weeks of healthy participation.
The evidence is not yet consistent with structural deterioration, but it is no longer a one-sided expansion.
1️⃣ What is it today?
The market remains in an Acceptance regime, but this week introduced the first meaningful signs of internal fatigue. Price pulled back, volatility picked up, and short-term participation narrowed, while the long-term structure remains intact.
2️⃣ Thesis
This looks more like a healthy cooling phase than a structural breakdown. Long-term breadth remains strong and volatility is still below the stress threshold, but momentum has become more selective. Leadership is narrowing, particularly within the Nasdaq.
3️⃣ What validates the thesis?
VIX/VIX3M remains below 1.0, indicating no confirmed stress regime.
Around two-thirds of S&P 500 stocks remain above their 200-day moving averages, supporting the longer-term trend.
NYSE new highs continue to outnumber new lows.
The broader uptrend is still intact despite the weekly decline.
4️⃣ What invalidates the thesis?
VIX/VIX3M rising above 1.0 and remaining there.
Continued contraction in stocks above their 20-day averages.
Nasdaq leadership deteriorating further, with expanding new lows.
Multiple weeks where price advances but breadth continues to weaken.
-----
Trade Implications
Lean Into
Existing leaders that continue holding above key moving averages.
Stocks showing independent relative strength despite the broader pullback.
Strong trends that are consolidating rather than breaking.
Watch Closely
Whether Nasdaq breadth begins repairing over the coming week.
Whether VIX/VIX3M falls back below ~0.85, indicating renewed volatility normalization.
Expansion in new highs after this pullback.
Risk Signals
A sustained move of VIX/VIX3M above 1.0.
Continued deterioration in % of stocks above the 20-day moving average.
Nasdaq new lows continuing to expand while price attempts new highs.
Current Bias
This remains a buy-the-pullback environment, but with greater selectivity than in recent weeks. Position sizing should reflect the increase in short-term uncertainty until breadth begins to improve again. XAUUSD — 3,960 Is the Liquidity Pool XAUUSD — 3,960 Is the Liquidity Pool
Gold is sitting in a very important part of the chart now, and this is the kind of area where the market usually tries to confuse both sides before the real move appears.
Price has been moving lower for several weeks, printing weaker structure after each recovery. Every time buyers tried to push back, gold failed to reclaim the higher liquidity zones around 4,180 - 4,200, then slowly drifted back toward the lower range. That tells me the bigger pressure is still heavy, but the current location is not a place where I want to chase the sell too late.
The main story here is the liquidity pool around 3,940 - 3,970. Price has already travelled deep into discount, and this lower zone is where sell-side liquidity has been building for a long time. For newer traders, think of it like a pool under the market: once price comes close, it often wants to dip into it, collect liquidity, and then breathe back upward before deciding the next bigger direction.
That is why my short-term view is leaning bullish from the liquidity pool, as long as gold holds above 3,940 - 3,960. If buyers can defend this zone, the next area price may try to revisit is the POI around 4,080 - 4,110. That is where I would expect the real test. If gold reaches that zone and reacts weakly, sellers may step back in again.
This recovery idea becomes weak if gold breaks below 3,940 and cannot recover. In that case, the liquidity pool fails, and the market may continue searching for deeper downside.
Key price zones to watch
Current reaction area: 3,960 - 4,020
Main demand / liquidity pool: 3,940 - 3,970
Bullish confirmation zone: clean hold above 4,020
Main upside POI target: 4,080 - 4,110
Next upside liquidity zone: 4,180 - 4,210
Buy-side liquidity: 4,320 - 4,360
Lower support if buyers fail: 3,940
Invalidation: clean close below 3,940
Do you see this 3,960 area as the place where gold starts a recovery, or do you think the market still needs one deeper sweep first?
Short 
3 Best Entry Points For Swing Trading (Forex, Gold)
What is the best entry point for swing trading?
You will learn 3 safest places/zones to buy or sell the market from, best swing trading time frame, and the most accurate swing trading setups.
Best Entry 1
Swing Trading After a Confirmed Trend Reversal
It can be a bearish trend violation and the start of a new bullish trend.
Look at a price action on WTI Crude Oil on a daily.
The market violated a bearish trend and started to trade in a new bullish trend, confirming the reversal.
In such a case, your best entry will be the closest daily support.
Alternatively, it can be a bullish trend violation and an initiation of a new bearish trend.
USDCAD was in an uptrend, steadily growing within a parallel channel.
Its violation confirmed the change of sentiment and start of a downtrend.
In this situation, your safest entries will be from the closest daily resistance.
Best Entry 2
Swing Trading with the Trend After Pullback
In a bullish trend, you should wait for
a completion of a bullish movement,
wait for a pullback
swing buy the market after it completes.
AUDCAD is in a rising trend.
A pullback tends to complete on a key support.
That will be your zone for buying.
Otherwise, in a bearish trend , you should let the price:
finish a bearish impulse
start a correctional movement
sell the market after the correction ends.
USDCHF was in downturn and updated the low. A local bullish movement started then.
It usually completes after a test of a key resistance. That will be the area where you should look for swing selling.
Best Entry 3
Swing Trading After Key Level Breakout
Bearish violation of a key daily support is a perfect signal to sell .
It is an important sign of the strength of the sellers and a strong indication that the price will continue falling.
NZDUSD broke and closed below a key daily support cluster. After a breakout, it turns into a potentially strong resistance.
For us, the best entry is a retest of a broken structure.
Bullish breakout of a key daily resistance is a reliable signal to buy .
After a violation of a horizontal resistance, it became a support on USDCHF Forex pair on a daily.
Your perfect entry for swing buying is its retest .
The entry zones that we discussed will provide the safest trading opportunities.
Learn to combine that with your trading strategy, it will help you to dramatically increase the profitability of your swing trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Education 
Long 
Long 
Long
Short 
Long 
Short 
Gold remains under selling pressure as RSI stays in weak territo📊 Market Overview:
Gold is undergoing a corrective decline as market sentiment remains cautious, with major equity indices such as the S&P 500 and Nasdaq trading lower amid short-term profit-taking. Meanwhile, the U.S. Dollar continues to hold firm, keeping pressure on gold and limiting its ability to break above key resistance levels.
📉 Technical Analysis:
• Key Resistance: $3,988 (around the 9-period SMA) and $4,000.
• Nearest Support: $3,959 (recent low) and $3,940.
• EMA: Price remains below the 9 EMA ($3,978), indicating that the short-term trend remains bearish.
• Candlestick / Volume / Momentum: RSI is currently at 37.86, below the 40 level, suggesting bearish momentum continues to dominate. There are no clear signs of a bullish reversal on the lower timeframes yet.
📌 Outlook:
Gold is likely to extend its short-term decline unless it can close above the $3,978 level (9 EMA).
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD: 3,970 – 3,975
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3,978
🔺 BUY XAU/USD: 3,950 – 3,955
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3,947 Short 
Gold prices have rebounded, but has the trend reversed?Gold prices have rebounded, but has the trend reversed?
Gold prices fell 2.6% this week, marking the largest weekly drop in six weeks.
The rebound is real, but has the trend reversed? It's too early to draw conclusions.
As shown in the chart: We remain bearish on gold prices.
The US has launched airstrikes against Iran for the seventh consecutive night, with both sides expanding the scope of their attacks. The US attacked bridges in Iran, while Iran attacked power and desalination facilities in Kuwait.
US-Iran conflict → Soaring oil prices → Soaring inflation → Rising expectations of interest rate hikes → Falling gold prices
Although gold prices have corrected nearly 30% from their highs, net long positions in the market remain near historical highs, and institutional long positions are highly concentrated.
What does this mean?
The market is well-funded, and the risk of long positions "uncoupling" remains. If the market continues to correct, these funds may further liquidate their positions and exit the market, thereby exacerbating market volatility.
$4,000 is a key psychological level. If gold prices break below this level and continue to fall, short-term downward pressure could intensify.
Conversely, this also indicates strong support below.
Technical Analysis: The short-term rebound is a "correction," not a "reversal."
The biggest problem facing gold is not whether the price decline is sufficient, but whether the correction period is insufficient.
Previous upward cycle: 121 weeks
Current correction to date: Only 24 weeks
Historically, a correction needs to be at least 38.2% of a sustained upward cycle, or approximately 46 weeks, to be considered sufficient.
In other words, gold prices could fluctuate within the $3600 to $4400 range for more than six months.
Expected Range: $3,300-$3,500: A True "Golden Opportunity"
First Resistance Level: $4,030-$4,040
Strong Resistance Level Above: $4,080-$4,130
First Support Level Below: $3,960-$3,980
Strong Support Level Below: $3,940-$3,950
Range Judgment: $3,950-$4,200 – A break above $4,200 would allow bulls to regain control; a break below $3,950 would see bears continue their sweeping attack.
Strategy: The primary strategy is to sell on rallies (consistent with the medium-term trend).
Given the unchanged downtrend, selling on rallies to resistance levels is a relatively high-probability strategy.
Entry Range: If the weekly chart shows… gold prices open higher near $4,030-$4,040 but subsequently encounter resistance, a small short position can be established.
Adding to Positions Recommendation: Consider adding to your position if gold prices rebound above $4080 and then fall back.
First Target Price: $4000-$3980
Second Target Price: $3960-$3940
Stop-Loss: Above $4050
This week, the market taught us a lesson: in an era where oil prices can even "change" gold's trajectory, both die-hard bulls and bears will be utterly crushed by the market.
Gold has now become a "hostage" of the Federal Reserve; a single day's rise in oil prices can put gold in a difficult position.
At the $4000 level, a fierce tug-of-war is underway between bulls and bears. We shouldn't be the first to rush in and become cannon fodder, nor should we be the last fool to run away. Monday's strategy can be summarized in one sentence: Don't chase the price above $4030, and don't chase the price below $3960. Buy low and sell high, take a small profit and leave.
This round of correction is not about courage, but about patience.
The real "golden opportunity" will not come today, nor will it come tomorrow; it may come when everyone can no longer hold on. Long 
XAUUSD — Bearish Continuation Toward Fibonacci Target
Fundamental Analysis
Gold remains sensitive to USD momentum, Treasury yields, and upcoming U.S. macro data. For next week, the technical bias still leans bearish while price stays below the major descending structure.
Technical Analysis
On the 4H chart, XAUUSD is trading around 4,017 after losing momentum under the downtrend trendline. The nearest sell reaction zone is around 4,050 - 4,070, where price may retest the Fibonacci sell area before another downside move. If this zone rejects price, sellers may continue to push gold toward the lower Fibonacci psychological target around 3,755. A stronger recovery toward 4,203 or 4,300 - 4,384 would only be a deeper bearish retest unless price breaks the major downtrend.
Important Key Levels
Current price: 4,017
Nearest sell zone: 4,050 - 4,070
Strong resistance: 4,203
Fibonacci liquidity zone: 4,290 - 4,310
Major Fibonacci sell zone: 4,380 - 4,384
Main downside target: 3,755 - 3,740
Invalidation: above 4,203
Trading Scenario
Main Sell Setup
Entry: 4,050 - 4,070
Stop Loss: 4,203
Take Profit 1: 3,950
Take Profit 2: 3,850
Take Profit 3: 3,755 - 3,740
Sell Condition
Wait for gold to recover into the 4,050 - 4,070 Fibonacci sell zone and show bearish rejection. A failed reclaim, long upper wick, bearish engulfing candle, or close back below the zone would confirm seller pressure. If price breaks below the recent low, the bearish continuation setup becomes stronger. If gold breaks and holds above 4,203, this sell setup should be invalidated.
Overall View
The main view for next week remains bearish while XAUUSD trades below the downtrend structure. A short-term recovery can happen, but the preferred plan is to wait for price to retest the Fibonacci sell zone before looking for continuation toward the 3,755 - 3,740 target area.
Do you share the same bearish view on gold for next week, or are you waiting for a deeper retest near 4,203 first?
Short 
XAUUSD — OB Reaction, Trendline Break Can Confirm Recovery
Gold is trading around $4,017 after reacting strongly from the lower OB and buy zone liquidity around $3,985–$3,992. This is an important area on the medium-term structure because price has already tested the lower reaction zone several times, and sellers failed to create a clean continuation below it.
From an SMC perspective, gold is still moving inside a broad corrective structure, but the reaction from the lower OB shows that buyers are starting to defend the discount area. The key point now is the descending trendline. If gold can stay above this trendline and build acceptance above the current range, the recovery structure can become stronger.
The current market is not a place to chase. The clean plan is to wait for price to respect the $3,985–$3,992 buy zone or confirm strength above the trendline. If buyers continue to defend this area, gold may recover toward the VL zone first, then the upper OB area around $4,100–$4,125.
Buy setup 1
Condition:
Gold holds the buy zone liquidity around $3,985–$3,992 and forms bullish rejection with lower timeframe MSS / CHOCH.
Entry: $3,985–$3,992
SL: below $3,950
TP1: $4,030
TP2: $4,060
TP3: $4,100–$4,125
TP4: $4,175
Buy setup 2
Condition:
If gold breaks above the descending trendline and retests it as support, bullish recovery becomes stronger.
Entry: above $4,030–$4,040 after breakout retest
SL: below $3,985
TP1: $4,060
TP2: $4,100–$4,125
TP3: $4,175
TP4: $4,220
Buy setup 3
Condition:
If gold sweeps below $3,985 but quickly reclaims the buy zone, this can create a stronger liquidity-trap buy setup.
Entry: after reclaim above $3,985–$3,992
SL: below the sweep low
TP1: $4,030
TP2: $4,060
TP3: $4,100–$4,125
Sell setup
Condition:
Selling is not the main priority while price is reacting from the lower OB. A sell setup is only valid if gold fails to hold above $3,985–$3,992 and breaks the lower structure clearly.
Entry: below $3,950 after breakdown retest
SL: above $3,985
TP1: $3,920
TP2: $3,880
TP3: $3,830–$3,850
Sell scalping setup
Condition:
If gold reaches the upper OB around $4,100–$4,125 and shows clear bearish rejection, a short-term sell scalp may appear.
Entry: $4,100–$4,125 after rejection
SL: above $4,150
TP1: $4,060
TP2: $4,030
TP3: $3,985–$3,992
Key levels
Current price area: $4,017
Buy zone liquidity: $3,985–$3,992
Strong reaction OB: $3,950–$3,970
Trendline confirmation area: $4,030–$4,040
Short-term resistance: $4,060
VL reaction zone: $4,090–$4,105
Upper OB target zone: $4,100–$4,125
Bullish continuation confirmation: clean hold above the descending trendline
Stronger bullish confirmation: clean break above $4,125
Bearish continuation confirmation: clean break below $3,950
Bearish target zone if structure fails: $3,830–$3,850
My current view is that gold is reacting from a medium-term OB support area, and the recovery can become stronger if price holds above the descending trendline. The Prime Gold plan is to avoid selling directly into the lower OB and wait for confirmation around $3,985–$3,992 or a clean breakout above the trendline. If buyers defend this structure, gold can continue toward $4,060, $4,100–$4,125 and potentially higher liquidity.
No confirmation, no trade.
Long 
Long 
