GOLD | XAU/GC - Weekly Recap & Gameplan - 03/08/25

3 Ağu

📈 Market Context:
Gold is currently trading within an accumulation zone as the market begins to price in a potential 0.25% rate cut by the Fed.
This macro expectation is supporting the broader bullish bias in the commodities market.

🧾 Weekly Recap:
• Price broke below the HTF bullish trendline — a key sign of weakness and potential structural shift.
• However, a sharp drop in the DXY (US Dollar Index) provided a bullish tailwind for gold, resulting in a mid-week bounce.
• This mixed action sets the stage for two potential outcomes next week.

📌 Technical Outlook & Game Plan:
I’m preparing for two possible scenarios:

1️⃣ Bearish Scenario (Red Path):
→ Price retests the broken trendline and rejects it
→ Continuation to the downside
→ Play: Short setup

2️⃣ Bullish Scenario (Green Path):
→ Price reclaims the broken trendline and closes above it
→ Continuation higher toward next resistance
→ Play: Long setup

🎯 Setup Trigger:
I will wait for a clear break of structure (BOS) on the 1H–4H timeframe to confirm directional bias.

📋 Trade Management:
• Stoploss: Below the demand zone (for longs) or above supply (for shorts) on the 1H–4H chart
• Target:
→ Bullish: $3,536
→ Bearish: $3,305

💬 Like, follow, and comment if this breakdown supports your trading! More updates, setups, and educational posts coming soon — stay tuned!

8 Ağu

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