WANT TO PROFIT FROM GOLD TODAY? DON’T TRADE BEFORE READING THIS

So, the bullish pressure we were expecting at the start of the week was clearly seen yesterday. We got a very strong upside move, and the market showed solid buying momentum. This makes one thing very clear — retail traders were mostly positioned on the selling side, meaning their stop losses were placed above.

Whenever gold gives a strong move in one direction, it simply means liquidity has been hunted. And yesterday’s move was exactly that. I hope those who followed my analysis were able to capitalize well on the buying side.

Now, in my weekly analysis, I mentioned one important thing — gold would either move very aggressively upward or in such a way that most traders won’t be able to participate. At the same time, the market would keep giving sellers opportunities to build positions.

As long as gold is below $4800, sellers will continue to hold hope for a downside move.

Now, as you can see, today in the morning the market swept last week’s high and then showed a reversal. This indicates that those who were holding overnight positions from last Friday or selling from last week’s high — their stop losses have already been taken out.

But after sweeping liquidity, the market showed a decent reversal, and many sellers again entered the market expecting a good downside move. However, I believe that won’t happen — and today again, sellers are likely to get trapped.

Here’s why 👇

After the liquidity sweep, we saw a one-sided fall during the Asian session. This attracted a lot of random sellers into the market — which is clearly visible in price action.

Also, as I mentioned earlier, a majority of sellers are still active around the $4772 area, and their stop losses are placed above — around $4779–$4787.

So until these sellers' stop losses are taken out and strong buyers enter at higher levels, I’m not expecting any major reversal or a big liquidity hunt on the buyers' side for now. That’s my view.

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Today’s Expected Price Action 👇

Currently, gold is holding around $4708, and some early buyers may expect a reversal from here.

I believe we can see a minor upside move from this level — just enough to attract early buyers, making them think that gold will break the day’s high and give a strong bullish move like yesterday.

But in my view, even these early buyers will get trapped.

After a small upside move, gold can reverse again from the $4730–$4741 zone.

This will create two situations:

1. Sellers who entered from the top or Asian high will gain confidence
2. New sellers will enter thinking it's just a retracement

At the same time, early buyers will get stopped out, lose confidence, and may emotionally switch to selling.

That’s the trap.

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My Plan for Today 👇

I’m planning to look for buying opportunities later in the day — around key support levels:

$4693 – $4683 – $4676

Preferably, I’ll wait for a bullish confirmation on the 15M–30M timeframe before entering.

Target zones:
$4763 – $4779 – $4787

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Important Zones 👇

No-trade zone:
$4700 – $4730 (expect choppy price action here)

Safer buying setup:
If during the day, after all the buyer-seller battle, we get a strong 15M candle close above $4729, then you can comfortably look for buying opportunities targeting higher levels.

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Final Thought 👇

Personally, I prefer trading later today because the current price action suggests the market will stay confusing and choppy, trapping both buyers and sellers before giving any clean directional move.

So stay patient.

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I hope you liked this detailed and simple psychological market breakdown — and learned something valuable from it.

Good luck, trade safe, and I hope you have a profitable day 💰

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By the way, what’s your view for today? Let me know in the comments 👇