Weekly Recap – Gold (Week 34: Aug 18–25)

24 באוג׳

💎MJTrading
📸 Viewing Tip:
🛠️ Some layout elements may shift depending on your screen size.
🔗 View the fixed high-resolution chart here:


📊 Market Overview
GOLD started the week under pressure, extending its decline to print a weekly low at 3,311.59. The decline created a lower low (LL) and set the stage for a potential structural shift.
Following the liquidity sweep below 3,326, buyers stepped in strongly, defending the blue support zone. This reversal point became the foundation for the week’s bullish recovery.

🔑 Key Highlights
Liquidity Event: A deep sweep beneath support flushed weak hands before institutional demand entered.
Reversal Point: Marked at the second LL, where aggressive buyers regained control.
Support Zone: Held firmly, leading to a sustained bullish rally.
FOMC Meeting: Served as a catalyst, triggering a breakout above 3,338.66 and confirming bullish intent.
Weekly High: Gold rallied sharply into 3,378.84, breaking structural barriers and leaving behind liquidity zones ($$$).

🟢 Weekly Candle Sentiment
The weekly close was strongly bullish, showing conviction after weeks of mixed momentum. The structural break confirms a shift in market intent. With buyers reclaiming control, sentiment points to further upside potential into next week, provided pullbacks remain above the 3,338–3,345 support band.

🔮 Outlook for Next Week
As long as 3,338 holds, the path of least resistance remains to the upside.
Short-term consolidation above support could lead to a continuation towards 3,390–3,400.
A weekly strong close suggests market participants are positioning for extended bullish momentum.

✅ Summary:
Week 34 showed a clean reversal from liquidity sweep → support defense → bullish breakout. With strong weekly close, the bias for next week is bullish continuation, though traders should watch for minor retracements back to support zones for potential re-entries.


#Gold #Xauusd #Forex #MJTrading

Psychology Always Matters:

25 באוג׳

עסקה פעילה

שלשום

עסקה סגורה: היעד הושג