WEEKLY GOLD OUTLOOK – BIG PICTURE VIEW FOR THE HOMIES!🔍 Let’s take a quick look at Gold on the higher timeframes (W1 & D1) —
The weekly and daily candles are showing long upper wicks, indicating strong rejections from the highs due to last Friday’s correction.
📉 Gold dropped more than 50 points toward the end of the week, but later bounced back with a late-session recovery.
Looking at the W1 and D1 candles, there are early signs of a possible reversal, but momentum still seems not strong enough, as prices retraced over 20 points into the close, making the candle bodies close above 50% of the full D1/W1 range.
🧭 From AD’s perspective, price has now reacted at the all-time high zone, and we need to wait for Monday to confirm whether the bulls can push higher again — only then can we establish a full directional bias for the upcoming week.
We're now stepping back to get a broader view of price action and macro sentiment, reviewing all the latest news & market developments before entering the final week of the month...
📈 Current View from AD:
Gold is still moving inside its main bullish channel on the higher timeframes. However, in order for a true reversal to form, strong selling pressure must come in, triggering larger volumes and pushing price down into low-liquidity zones.
That said, buyers stepped back in near the weekly close, so we’ll need to closely watch:
Possible weekend gaps
Price action around the Sunday night open
This will help us determine the most accurate direction heading into Monday.
⚠️ There’s a chance we’ll see another drop, as this current bullish retracement is reaching the 0.5 – 0.618 zones on H1 and H2.
But like AD said, the real story unfolds on Monday once the leftover weekend volume gets absorbed and clean market structure reveals itself.
📌 Key Levels to Watch:
Resistance: 3025 – 3033 – 3040 – 3046 – 3056
Support: 3014 – 3005 – 3000 – 2993 – 2986
📊 Based on the MA indicators AD uses, short-term moving averages are starting to cross over mid- and long-term MAs, indicating a potential major trend shift on higher timeframes.
💡 If this structure holds into early next week, we might get early SELL opportunities, so stay alert and stick close to candle structure.
📍AD has already marked the key levels on the chart —
These are high-probability zones for entry or breakout traps, so don’t miss out on golden opportunities. Save them. Watch them.
💬 Wishing everyone a warm and joyful weekend with your family and loved ones.
AD will drop a post tomorrow on market psychology — if you’re interested, drop a boost and leave a comment!
GOOD WEEKEND HOMIES! 💛
