Gold Daily Bias – Bulls Have the Ball, But Watch the Trap

Gold Daily Chart – August Outlook


Bias is still bullish for August.

Price is holding well above the big 3M FVG ($2,900–$3,100).

Strong bounce from Weekly Low ($3,331) heading toward Weekly High ($3,416).

Above $3,416 we’ve got $3,451 (M-H) and ATH ($3,508) as liquidity targets.

Seasonal tailwinds could help push us higher into Q4.

Blind spots to watch:

Still range-bound between $3,330–$3,450 for months — no clean break yet.

Unfilled FVG near $3,210 could be a draw if we reject from resistance.

August liquidity is thin — spikes can reverse fast.

Triple-top risk if we reject near $3,450 again.

Game plan:

Bullish if we get a daily close above $3,416 (confirmation) and ideally above $3,451 to aim for ATH.

If breakout fails, I’ll target range play back toward $3,290–$3,210.

Bias = bullish, but I’m staying nimble.