GOLD CONSOLIDATION AFTER SELLOFF,Weekend Short-term Trading Plan

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XAUUSD: CONSOLIDATION AFTER SELL-OFF, Weekend Short-term Trading Plan
Hello traders 👋

The Gold market witnessed a strong and clear Sell-off yesterday, especially with the decisive break of the $4000 zone – the area confirming a new corrective trend, or at least a long-term downtrend.

Currently, Gold prices are fluctuating within a narrow range (Sideways), mainly due to investor caution and the typical low liquidity of Friday. This lack of momentum suggests Gold is likely to continue sideways until the New York Session opens.

🔎 Technical Analysis (Chart 30M – XAUUSD)
Resistance Retest Zone (Fibonacci Retest): $4030 – $4035. The ideal area for Sellers to re-enter.

Sell Scalping/FIBO 50 Zone: $4000 – $4004. The $4000 price zone, once broken, now becomes strong resistance.
Key Support/Consolidation Zone: $3940 – $3945 (Confluence of Support 1.618).

Long-term Buy Zone (Buy Scalping): $3890 – $3880.

⚙️ Detailed Trading Plan (Short-term Trading)
The strategy for the day is Short-term Trading (Scalping) when prices hit minor resistance zones and seeking larger orders when matching Entry zones according to Fibonacci Extension.

🔴 SELL Scenario (Priority on downtrend structure)
1. Sell Re-test Zone $4000
Entry: 📍 4002 – 4004
SL: 🛑 4010
TP: 🎯 3998 – 3985 – 3960 (Can hold the order if the reaction is good)

2. Sell Re-test Zone $4030 (Fibonacci Retest)
Entry: 📍 4030 – 4032
SL: 🛑 4037
TP: 🎯 4016 – 4002 – 3998 – 3978

🟢 BUY Scenario (Bottom fishing/Support)
1. Buy Scalping Zone $3940
Entry: 📍 3940 – 3942
SL: 🛑 3935
TP: 🎯 3965 – 3977 – 3999 – 4035

💡 Fundamental View & Weekend Risks
News: A report from SEB Research suggests that market expectations for Fed rate cuts might be overly optimistic due to persistent inflation risks. This could pressure Gold and support the USD on a macro level.
Friday Risk: Reduced liquidity, prone to Stop Hunts or Fakeouts.

⚖️ Conclusion & Recommendations
Short-term main trend: Correction/Downtrend.
Action: Closely observe market reactions this Friday. Prioritize Selling at strong Resistance zones ($4000, $4030) and manage capital tightly (Tight SL) for Buy Scalping orders.

👉 Follow me for timely updates on the latest scenarios in the weekend trading session!

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