Weekly Gold Trading Outlook: Last week was full of opportunities in the gold market, especially during the New York sessions where I managed to catch some solid trades. Using a combination of smart money concepts, fair value gaps, and key session levels, I was able to finish the week 4% up, banking £8,700. Not a bad week at all!
That said, Friday was a stop loss day for me — I want to be transparent about that. The price action was a little too messy and indecisive, especially around the NY open. I took a calculated short based on a clear breaker structure and resistance zone, but price didn’t follow through as expected. Losses are part of the game, and this one was simply chalked up to “unclear conditions.”
✅ What Worked This Week:
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New York Session Entries: Most of the clean moves happened during NY. On Thursday, I caught a solid short from the OB/resistance zone after a rejection at the 1/2 SD level.
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Smart Money Concepts: Price respected key fair value gaps (FVGs), especially on the 30-minute chart. I used these as entry confirmations alongside session timing and market structure shifts.
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Session Highs & Lows: London and Asia session lows remained unswept until later in the day, giving great setups for liquidity grabs before reversal.
Weekly Gold Trading Outlook:
Looking at the current structure (see chart), we’re seeing price tapping into the same OB/resistance zone around $3,086 – $3,088, with rejection wicks forming. This area has been respected multiple times, and until we get a strong break above, I’ll be watching for shorting opportunities around this region.
Below current price, we have multiple FVGs and an unswept Asia low at $3,054.62, along with another below that. If price rolls over early in the week, I’m anticipating a potential move down to fill the imbalance and sweep those lows, possibly targeting the 1 SD area or even the -0.27 reversal zone around $3,036.
However, if we break and hold above $3,088 with volume, I’ll reassess and look for a bullish continuation setup — possibly using a breaker retest for entry.
Key Levels I’m Watching:
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Resistance/OB Zone: $3,086 – $3,088
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Support Zone: $3,054 – $3,056
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Deeper Support: $3,036
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Asia Lows (Liquidity Pools): $3,054.62 & below
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Reversal Target if bearish bias plays out: -0.27 level around $3,036
Final Thoughts:
Last week reinforced the importance of patience and clarity, especially around session opens. Friday’s stop loss was a gentle reminder not to force setups when the market isn’t speaking clearly.
Overall, I’m happy with the performance — +4% gain on the account and a strong read of price action through most of the week.
Let’s see what next week brings. I’ll be waiting for clean structure, staying locked into my bias until the market proves otherwise, and continuing to trade with discipline.
Catch you on the charts!
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Trading & Investment Disclaimer
The information provided in this content is for educational and informational purposes only and should not be considered financial advice.
Trading in financial markets involves significant risk and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk tolerance before making any trading decisions. Past performance is not indicative of future results.
I am not a licensed financial advisor. All opinions expressed are my own, based on my personal trading experience and strategies. Always do your own research and consult with a qualified financial advisor before making investment decisions.
You are solely responsible for your own trading and investment choices.
