📉 Gold Outlook – Corrective Dollar Strength & Potential Reversal Zones
🧭 Market Structure-Based Outlook with Multi-Timeframe Confluence
Gold is currently experiencing a controlled decline, primarily driven by a short-term corrective appreciation in the U.S. dollar.
This dollar strength is likely temporary and is expected to reverse toward the 3370–3354 zone — a technically significant area marked by previous liquidity sweeps and imbalance fills.
🔍 Technical Setup:
Bias (HTF): Bullish
Current Move (LTF): Corrective
Key Observation: No shift in long-term market structure on higher timeframes; price action remains within a bullish regime.
✅ Strategic Trade Plan:
We will not engage prematurely.
The optimal entry will only be considered upon a confirmed bullish market structure shift on the 15-minute timeframe — ideally a BOS (Break of Structure) followed by mitigation.
🛒 Entry Zone:
Around 3370 – 3354, contingent upon a clean bullish break in structure.
⛔ Invalidation Level (SL):
Below 3308 (structure invalidation + liquidity trap zone)
🎯 Profit Targets (Scaled):
TP1: 3400
TP2: 3430
TP3: 3500 – 3560
TP4 (Extended): 3600 – 3720
(Use partials & scale accordingly based on trade management plan)
🧠 Fundamental Confluence:
The macro picture remains supportive of higher gold prices.
Anticipated dovish shifts from the Federal Reserve, particularly in the form of rate cuts or forward guidance softening, may act as the macro catalyst for continuation toward new highs.
🛎 Conclusion:
While the current correction appears sharp, it lacks HTF structural reversal characteristics.
Patience and precision are essential — no entry should be considered without a 15m bullish break in structure.
🧭 Market Structure-Based Outlook with Multi-Timeframe Confluence
Gold is currently experiencing a controlled decline, primarily driven by a short-term corrective appreciation in the U.S. dollar.
This dollar strength is likely temporary and is expected to reverse toward the 3370–3354 zone — a technically significant area marked by previous liquidity sweeps and imbalance fills.
🔍 Technical Setup:
Bias (HTF): Bullish
Current Move (LTF): Corrective
Key Observation: No shift in long-term market structure on higher timeframes; price action remains within a bullish regime.
✅ Strategic Trade Plan:
We will not engage prematurely.
The optimal entry will only be considered upon a confirmed bullish market structure shift on the 15-minute timeframe — ideally a BOS (Break of Structure) followed by mitigation.
🛒 Entry Zone:
Around 3370 – 3354, contingent upon a clean bullish break in structure.
⛔ Invalidation Level (SL):
Below 3308 (structure invalidation + liquidity trap zone)
🎯 Profit Targets (Scaled):
TP1: 3400
TP2: 3430
TP3: 3500 – 3560
TP4 (Extended): 3600 – 3720
(Use partials & scale accordingly based on trade management plan)
🧠 Fundamental Confluence:
The macro picture remains supportive of higher gold prices.
Anticipated dovish shifts from the Federal Reserve, particularly in the form of rate cuts or forward guidance softening, may act as the macro catalyst for continuation toward new highs.
🛎 Conclusion:
While the current correction appears sharp, it lacks HTF structural reversal characteristics.
Patience and precision are essential — no entry should be considered without a 15m bullish break in structure.
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.