Gold’s outlook after Friday’s news

A question came in on TradingView about gold’s outlook after Friday’s news.

My analysis methodology is built on a holistic review of exchange data, where options flow plays a central role — something long-time followers of my posts are already familiar with.

So here’s what Friday’s options flow is quietly telling us:

🔸 The bearish put spread (on November option series ) targeting lower levels from October 8th onward is still intact — suggesting downside sentiment remains in play.

Now, let’s be realistic:
Sophisticated players can always flip this position mid-flight by adding futures to hedge — turning it into a neutral or even bullish setup if the rally continues.
After all, we’re dealing with pros with deep pockets — and they don’t like losing money.
They’ll adjust. They’ll hedge. They’ll exit clean.


🔸 Second, Friday’s CME activity leaned bearish (screen attached)— or at least, profit-taking (fixing).
We see call strikes above current price either being closed or re-sold.
Volume is present — but open interest is flat, declining, or even negative.

That tells a story:
No new conviction for higher prices.
Just closing old upside bets.

📌 Bottom line:
The flow doesn't scream "crash coming right now" — but it does whisper:
"Be careful with the longs."