Awaiting the BreakDown or a Snap Back to Resistance?XAUUSD – Game of Patience: Awaiting the BreakDown or a Snap Back to Resistance? | MMFlow Trading
1. Market Context
The week opened with a sharp sell-off in Gold — driven by profit-taking and stop-loss hunting on late-week FOMO BUY positions.
Buying momentum is fading, while sellers are lurking at the ascending channel’s support.
Price is currently reacting at KeyLevel 336x–337x, with H1 candles showing lower wicks → signs of indecision.
2. Technical Outlook
Overall structure: Still within an H1-H4 uptrend channel, but BUY momentum is weakening.
No clear SELL confirmation yet → need a BreakDown from the channel to confirm seller dominance.
Scenario 1: Break the channel → target 335x & 333x zones.
Scenario 2: No break → price may rebound to retest 339x – 340x – 342x resistance levels.
3. Fundamental & Macro View
This week brings major USD economic data: CPI & PPI.
Forecasts lean positive for USD, which could increase downward pressure on Gold.
However, expect false breakouts before/after news releases — risk management is key.
4. MMFlow Trading Plan
BUY SCALP
Entry: 3353 – 3351
SL: 3345
TP: 3358 – 3362 – 3366 – 3370 – 3375 – 3380
BUY ZONE
Entry: 3332 – 3330
SL: 3325
TP: 3336 – 3340 – 3345 – 3350 – 3360 – 3370 – 3380
SELL SCALP
Entry: 3394 – 3396
SL: 3400
TP: 3390 – 3385 – 3380 – 3370 – 3360
SELL ZONE
Entry: 3425 – 3427
SL: 3430
TP: 3420 – 3415 – 3410 – 3405 – 3400 – 3390 – 3380
5. Risk Management
Avoid FOMO — wait for clear candle confirmations before entering.
Reduce position size ahead of CPI/PPI events.
Focus on pre-defined key levels, avoid trading in noise zones.
