Here’s my outlook on gold for the week ahead.
I believe the most profitable opportunities will come from trading within periods of consolidation.
Specifically, I’m looking at the 3851–3857 zone as a key area for potential long (buy) entries.
Expect a lot of consolidation in this range, so patience will be essential. The strategy here is to wait for a fakeout (false breakout) either above or below this zone, then watch for a retrace back into the range, likely toward the highest point within it. Take profits early.
Once the retracement confirms, look for continuation in the direction of the fakeout — this is the optimal entry point.
If price retraces lower on the weekly open, I’ll be looking to enter a short with a target around 3857, then reassess once price enters consolidation.
From there, the same approach applies: watch for a fakeout, retracement, and continuation.
Be cautious around consolidation zones and fair value gaps (FVGs) — these can be deceptive.
The key is to wait for confirmation after a fakeout before committing to a position.
These are just my thoughts — please trade responsibly and manage your risk.
All feedback is welcome!
Remember we are still in a sell from the ATH so don’t assume it will just pump through previous resistance without a strong retracement.
Tip: enter low lot positions and add more on once you know it’s not a fakeout, take partials on FVG trades
I believe the most profitable opportunities will come from trading within periods of consolidation.
Specifically, I’m looking at the 3851–3857 zone as a key area for potential long (buy) entries.
Expect a lot of consolidation in this range, so patience will be essential. The strategy here is to wait for a fakeout (false breakout) either above or below this zone, then watch for a retrace back into the range, likely toward the highest point within it. Take profits early.
Once the retracement confirms, look for continuation in the direction of the fakeout — this is the optimal entry point.
If price retraces lower on the weekly open, I’ll be looking to enter a short with a target around 3857, then reassess once price enters consolidation.
From there, the same approach applies: watch for a fakeout, retracement, and continuation.
Be cautious around consolidation zones and fair value gaps (FVGs) — these can be deceptive.
The key is to wait for confirmation after a fakeout before committing to a position.
These are just my thoughts — please trade responsibly and manage your risk.
All feedback is welcome!
Remember we are still in a sell from the ATH so don’t assume it will just pump through previous resistance without a strong retracement.
Tip: enter low lot positions and add more on once you know it’s not a fakeout, take partials on FVG trades
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.