
Gold (GC) ā Start of New Week | Market Back in Balance
Coming into the first full week of the month, thereās a lot of geopolitical tension in the background, which can act as a bullish catalyst for Gold. However, price action is telling a slightly different story right now ā and thatās what Iām focused on.
Price pushed above last weekās highs (around 4825), but failed to hold and has since rotated back inside value. This signals a failed auction, which typically leads to rotation within the range before any clear directional move.
At the moment, the market is in balance, and Iām not committing to a bullish or bearish bias just yet.
š Key Observations:
Rejection at previous weekly highs
Return back inside value
Signs of seller control intraday (delta + order flow)
Market now deciding between continuation lower vs re-accumulation
šÆ Scenarios Iām Watching:
š“ Bearish Case (More Immediate):
Acceptance below value
Rotation toward Value Area Low
Potential continuation toward range lows
š¢ Bullish Case (Needs Confirmation):
Break and HOLD above 4825.7
Acceptance above value
Continuation into higher timeframe levels
š§ Game Plan:
No predictions ā just reactions.
Iāll wait for clear acceptance outside of value before committing to direction. Until then, I expect rotation and will manage risk accordingly.
Patience > Prediction.
