As we head into the last trading day of the week, here's my outlook for GOLD (
GOLD):
Bias and Expectation
I was expecting a retracement from the 75% Draw on Liquidity (DRT) level — not just because of the level itself, but also due to its confluence with a Fair Value Gap (FVG) and a Bearish Order Block. And that retracement did occur.
Thursday delivered that deep retracement, courtesy of economic data and news releases. That pullback tapped into a Daily FVG and is now trading above its Consequent Encroachment (CE) at the time of this analysis.
✅ If today’s candle closes above the midpoint of that FVG, it will further confirm my bullish bias.
✅ Even more convincing will be a close above the upper boundary of the FVG, suggesting strength and possible continuation.
Market Structure Across Timeframes
🔸 4H Chart:
Price has raided sell-side liquidity and formed relative equal highs, a sign that the market may seek to attack that zone next — possibly as a liquidity target.
🔸 1H Chart:
The market is currently trading in the premium zone of the FVG, and shows a clear inability to trade lower, further supporting the bullish outlook.
Trade Plan
My trade idea for Friday is as follows:
Wait for a purge (liquidity sweep) on the sell-side, ideally during a Kill Zone (London or NY).
Look for confirmation and confluence based on my model (e.g. displacement, market structure shift).
Enter long positions targeting the next liquidity pool, particularly the equal highs formed on the 4H timeframe.
⚠️ Reminder:
Trade with due diligence. This is not financial advice. Always align entries with your personal model and preferred session.
📌 Final Note
Today may present strong opportunities — but patience, timing, and context are everything. Let the market show its hand, then act.
Thanks for your support!
If you found this idea helpful or insightful, please drop a like 👍 and leave a comment — I’d love to hear your thoughts! 🚀
Follow me for more daily price action insights and trading strategies on XAUUSD and other key markets.
Let’s grow and trade smarter together! 📈
⚠️ Disclaimer
This content is for educational and informational purposes only and does not constitute financial or investment advice.
All trading involves risk. You are solely responsible for your own decisions, so always conduct proper research and due diligence before taking any trades.
Past performance is not indicative of future results. Trade responsibly.
May your final trades of the week be precise and profitable.
GOLD):Bias and Expectation
I was expecting a retracement from the 75% Draw on Liquidity (DRT) level — not just because of the level itself, but also due to its confluence with a Fair Value Gap (FVG) and a Bearish Order Block. And that retracement did occur.
Thursday delivered that deep retracement, courtesy of economic data and news releases. That pullback tapped into a Daily FVG and is now trading above its Consequent Encroachment (CE) at the time of this analysis.
✅ If today’s candle closes above the midpoint of that FVG, it will further confirm my bullish bias.
✅ Even more convincing will be a close above the upper boundary of the FVG, suggesting strength and possible continuation.
Market Structure Across Timeframes
🔸 4H Chart:
Price has raided sell-side liquidity and formed relative equal highs, a sign that the market may seek to attack that zone next — possibly as a liquidity target.
🔸 1H Chart:
The market is currently trading in the premium zone of the FVG, and shows a clear inability to trade lower, further supporting the bullish outlook.
Trade Plan
My trade idea for Friday is as follows:
Wait for a purge (liquidity sweep) on the sell-side, ideally during a Kill Zone (London or NY).
Look for confirmation and confluence based on my model (e.g. displacement, market structure shift).
Enter long positions targeting the next liquidity pool, particularly the equal highs formed on the 4H timeframe.
⚠️ Reminder:
Trade with due diligence. This is not financial advice. Always align entries with your personal model and preferred session.
📌 Final Note
Today may present strong opportunities — but patience, timing, and context are everything. Let the market show its hand, then act.
Thanks for your support!
If you found this idea helpful or insightful, please drop a like 👍 and leave a comment — I’d love to hear your thoughts! 🚀
Follow me for more daily price action insights and trading strategies on XAUUSD and other key markets.
Let’s grow and trade smarter together! 📈
⚠️ Disclaimer
This content is for educational and informational purposes only and does not constitute financial or investment advice.
All trading involves risk. You are solely responsible for your own decisions, so always conduct proper research and due diligence before taking any trades.
Past performance is not indicative of future results. Trade responsibly.
May your final trades of the week be precise and profitable.
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.