After CPI, the market reacted strongly as both inflation and core inflation started rising again.
Gold also experienced aggressive liquidity sweeps after the news, showing that the market is still heavily conflicted and has not chosen a clear direction yet.
Looking at the 3H timeframe:
No candle has closed above the 4747–4750 zone
No candle has closed below the 4650 zone
This suggests that gold is still trapped inside a wide trading range with very aggressive liquidity sweeps on both sides.
Personal View
For now, I still prefer trading the range and avoiding chasing breakouts.
The market is sweeping both sides aggressively, so traders should stay extremely cautious with fake moves.
BUY zones I’m watching:
4645–4650
4590–4596
458X
These are the key support zones if the market continues making deeper sweeps.
Main Idea
Gold is still trading inside a range and waiting for the real breakout.
Until one side clearly breaks, liquidity sweeps remain the most likely scenario.
Tonight, the market will also focus on PPI data and developments surrounding the Fed Chair voting process.
“Not every breakout becomes a trend — sometimes it’s just another liquidity sweep.”
Do you think gold is accumulating for a major breakout — or is the market preparing for one more deep sweep before choosing direction?
Gold also experienced aggressive liquidity sweeps after the news, showing that the market is still heavily conflicted and has not chosen a clear direction yet.
Looking at the 3H timeframe:
No candle has closed above the 4747–4750 zone
No candle has closed below the 4650 zone
This suggests that gold is still trapped inside a wide trading range with very aggressive liquidity sweeps on both sides.
Personal View
For now, I still prefer trading the range and avoiding chasing breakouts.
The market is sweeping both sides aggressively, so traders should stay extremely cautious with fake moves.
BUY zones I’m watching:
4645–4650
4590–4596
458X
These are the key support zones if the market continues making deeper sweeps.
Main Idea
Gold is still trading inside a range and waiting for the real breakout.
Until one side clearly breaks, liquidity sweeps remain the most likely scenario.
Tonight, the market will also focus on PPI data and developments surrounding the Fed Chair voting process.
“Not every breakout becomes a trend — sometimes it’s just another liquidity sweep.”
Do you think gold is accumulating for a major breakout — or is the market preparing for one more deep sweep before choosing direction?
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.