Daily Plan: Gold Targets 7th Straight Weekly Gain |MMFLOWTRADING📊 Market Context
Gold holds firm above $3,850, aiming for its 7th consecutive weekly gain.
🔥 Main driver: Risks from a prolonged U.S. government shutdown.
📉 54% probability of the shutdown lasting 29 days (Polymarket) → directly impacting gold sentiment.
🛡 Safe-haven demand & BUY-side FOMO keep fueling momentum.
⚖️ Still, profit-taking at higher resistance zones could trigger sharp swings before the next directional move.
🔎 Technical Analysis (H1/H4)
📈 Main trend: Bullish, but consolidating near 3,850.
🚧 Key Resistances: 3882–3884 & 3934–3936 (Liquidity Sell Zones).
🏦 Key Supports: 3797–3795 & 3756–3754 (Buy Zones).
🎯 Key Levels: 3850 – 3880 – 3900.
📈 Trading Scenarios & Plan
✅ SELL ZONE 1: 3882–3884
SL: 3890
TP: 3878 – 3874 – 3870 – 3865 – 3860 – 3850 – 3840 – ???
✅ SELL ZONE 2: 3934–3936
SL: 3940
TP: 3930 – 3925 – 3920 – 3910 – 3900 – ???
✅ BUY ZONE 1: 3797–3795
SL: 3790
TP: 3800 – 3810 – 3820 – 3830 – 3840 – ???
✅ BUY ZONE 2: 3756–3754
SL: 3750
TP: 3760 – 3770 – 3780 – 3790 – 3800 – ???
⚠️ Risk Management Notes
🌀 U.S. shutdown headlines may spark unexpected volatility.
🕵️♂️ Focus on BUY setups at support, avoid chasing FOMO at highs.
❌ Consider SELL only if clear rejection signals form at resistance zones.
✅ Summary
Gold remains supported by safe-haven flows, eyeing a 7-week winning streak.
🎯 Strategy:
BUY setups: 3797–3795 & 3756–3754.
SELL setups: 3882–3884 & 3934–3936.
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