GOLD (XAU/USD) Game Plan
📊 Market Sentiment
Market sentiment for GOLD remains extremely bullish, driven primarily by central bank accumulation.
Since 2023, global central banks — led by China — have been buying gold aggressively, creating a long-term demand base.
With the FED preparing to initiate QE while inflation remains elevated, risk assets like GOLD are expected to outperform as USD (DXY) weakens.
This macro setup builds a powerful bullish narrative that continues to favor long exposure on gold.
📈 Technical Analysis
GOLD has rallied for nine consecutive weeks since mid-August, reaching overbought RSI levels.
Currently, price is showing signs of retracement and consolidation, suggesting an accumulation phase may form before the next impulsive move.
The Weekly Fair Value Gap (FVG) around $4010, just below the HTF bullish trendline, acts as a critical support area where a potential deviation and bounce may occur.
📌 Game Plan
I expect GOLD to retrace toward the HTF trendline and Weekly FVG ($4017).
A deviation and bounce from this zone could trigger a new bullish leg.
However, I anticipate 1–2 weeks of accumulation before continuation.
💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always DYOR before making any financial decisions.
📊 Market Sentiment
Market sentiment for GOLD remains extremely bullish, driven primarily by central bank accumulation.
Since 2023, global central banks — led by China — have been buying gold aggressively, creating a long-term demand base.
With the FED preparing to initiate QE while inflation remains elevated, risk assets like GOLD are expected to outperform as USD (DXY) weakens.
This macro setup builds a powerful bullish narrative that continues to favor long exposure on gold.
📈 Technical Analysis
GOLD has rallied for nine consecutive weeks since mid-August, reaching overbought RSI levels.
Currently, price is showing signs of retracement and consolidation, suggesting an accumulation phase may form before the next impulsive move.
The Weekly Fair Value Gap (FVG) around $4010, just below the HTF bullish trendline, acts as a critical support area where a potential deviation and bounce may occur.
📌 Game Plan
I expect GOLD to retrace toward the HTF trendline and Weekly FVG ($4017).
A deviation and bounce from this zone could trigger a new bullish leg.
However, I anticipate 1–2 weeks of accumulation before continuation.
💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always DYOR before making any financial decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.