GOLD – BREAKOUT OR TRAP BEFORE THE WEEKEND?

📊 GOLD – BREAKOUT OR TRAP BEFORE THE WEEKEND?

The gold market is showing significant liquidity sweeps this Friday. In the early Asian session, price pushed down to the 327x region, collecting liquidity, before swiftly rebounding. On the M30 chart, multiple Fair Value Gaps (FVGs) have formed and been filled — signaling accumulation and potential setup for a major move.

📉 Technical Perspective:
Gold has been moving within a parallel descending channel since yesterday. However, during the late Asian session, we saw the first signs of a possible breakout. If the candle closes above 3,324, this could confirm a breakout — at which point an early BUY entry on the retest would be ideal.

🔥 Fundamental Notes:
The market remains highly sensitive to geopolitical news, especially tensions between nations and potential tariff announcements from Donald Trump regarding China.

In this climate, trading based on key level reactions is safer than predicting direction. The zones 3,324 and 3,366 will be crucial decision points for bulls and bears. A breakout above 3,366 could shift the short-term trend bullish.

🔺 Key Resistance Levels:
3,345

3,364

3,395

🔻 Key Support Levels:
3,280

3,270

3,256

3,244

3,225

📈 Trade Setup – Friday Strategy:
🔵 BUY ZONE:
Entry: 3,280 – 3,278

Stop Loss: 3,274

Take Profits: 3,285 → 3,290 → 3,295 → 3,300 → 3,305 → 3,310 → 3,320

🔴 SELL ZONE:
Entry: 3,364 – 3,366

Stop Loss: 3,370

Take Profits: 3,360 → 3,356 → 3,352 → 3,348 → 3,344 → 3,340 → 3,330

✅ Final Note:
Fridays often bring sharp liquidity grabs. Stay cautious, especially with heightened geopolitical tension and pending policy statements from global leaders. Always respect your TP/SL zones to protect your capital.

📌 Let price lead. React to structure. Avoid chasing noise.
Wishing all traders a safe and profitable end of the week!