GOLD: ACCUMULATION POST SELL-OFF,Weekend Short-term Trading PLAN

GOLD: ACCUMULATION POST SELL-OFF, Weekend Short-term Trading Plan
Hello traders 👋

The Gold market witnessed a strong and clear Sell-off yesterday, especially with the decisive break of the $4000 zone – a confirmation area for a new corrective trend, or at least a long-term downtrend cycle.

Currently, Gold prices are fluctuating within a narrow range (Sideways), mainly due to the cautious sentiment of investors and the weak liquidity characteristic of Friday. This lack of momentum makes it likely for Gold to continue moving sideways until the New York Session opens.

🔎 Technical Analysis (Chart 30M – XAUUSD)
Resistance Retest Zone (Fibonacci Retest): $4030 – $4035. An ideal area for Sellers to re-enter.

Sell Scalping/FIBO 50 Zone: $4000 – $4004. The $4000 price zone, once broken, now becomes strong resistance.
Key Support/Accumulation Zone: $3940 – $3945 (Confluence of Support level 1.618).

Long-term Buy Zone (Buy Scalping): $3890 – $3880.

⚙️ Detailed Trading Plan (Short-term Trading)
The strategy for the day is Short-term trading (Scalping) when the price hits minor resistance zones and seeks larger orders when matching Entry zones according to Fibonacci Extension.

🔴 SELL Scenario (Priority according to the downtrend structure)
1. Sell Re-test Zone $4000
Entry: 📍 4002 – 4004
SL: 🛑 4010
TP: 🎯 3998 – 3985 – 3960 (Can hold the position if the reaction is good)

2. Sell Re-test Zone $4030 (Fibonacci Retest)
Entry: 📍 4030 – 4032
SL: 🛑 4037
TP: 🎯 4016 – 4002 – 3998 – 3978

🟢 BUY Scenario (Bottom-fishing/Support)
1. Buy Scalping Zone $3940
Entry: 📍 3940 – 3942
SL: 🛑 3935
TP: 🎯 3965 – 3977 – 3999 – 4035

💡 Fundamental View & Weekend Risk
News: A report from SEB Research suggests that market expectations for the Fed to cut interest rates might be too high due to persistent inflation risks. This could pressure Gold and support the USD on a macro level.
Friday Risk: Reduced liquidity, prone to Stop Hunts or Fakeouts.

⚖️ Conclusion & Recommendations
Short-term main trend: Correction/Downtrend.
Action: Closely observe market reactions this Friday. Prioritise Selling at strong Resistance zones ($4000, $4030) and manage capital tightly (Tight SL) for Buy Scalping orders.

👉 Follow me for timely updates on the latest scenarios in the weekend trading session!