So today feels like a very interesting day to me. Somewhere, the market has already started taking out all the random buyers who entered yesterday after seeing that strong buying move. We can clearly see that now. Also, intraday, any new buyers that come in over the next few hours will likely get badly trapped by the end of the day—this is my view. Let’s talk about the logic behind this analysis and how we can trade gold today.

If you read my analysis from yesterday in detail, I had mentioned one thing: I expected buyers to push gold towards $4500, with a maximum view of around $4520. I know gold made a slightly higher high, but that buying move was basically just to give buyers strong hope that buying has started and gold is ready for a reversal. Because of this, many random buyers entered the market yesterday. As you all saw, during the NYC session, gold gave a strong push and even showed a breakout above $4500 with a strong candle. After that, it broke Wednesday’s high and continued the upside movement. But honestly, it was just a trap. That’s why I didn’t show much interest in that buying move, because I clearly said the market won’t go up so easily.

I was already expecting a buying move yesterday, but only as a final hope move—and that’s exactly what happened. Gold intentionally gave a strong upside move, making everyone believe that it’s ready for a reversal. But the way gold is reacting after today’s market open shows that it is slowly hunting the stop losses of both random and new buyers who are trying to buy thinking it’s just a retracement. The market is gradually moving downward while taking liquidity.

Keeping all this in mind, what should be our trading plan for today?

Right now, buyers are still fighting strongly because the market is showing small buying moves, but at the same time it’s repeatedly hitting their stop losses. Why? Because after yesterday’s strong upside move, price action traders are trying to buy, assuming it’s a retracement.

Currently, gold has made a low around $4511 and is showing some reversal from there. As long as gold stays above the $4502–$4510 zone, buyers will try to stay aggressive because they believe this is a good buying opportunity. The market may even give some upward movement from here to fulfill their expectations, attracting more buyers into this zone—only to trap them later. That’s exactly my plan for today.

I will wait for a decent buying move above the $4502–$4510 zone. After that, in the red zone I marked on my chart ($4528–$4532), I expect a reversal in gold. From there, my target will be around $4500 and below, like $4496, $4481, and $4466, because liquidity is clearly visible there.

Also, by the end of the week, I expect gold to break the $4453 low. This is also a mini psychological level, as traders are usually active around round numbers like 100s and 50s. Gold already gave a reversal from the $4453 area, which means buyers are active there. Keeping all this in mind, I am currently bearish on gold. Until all buyers give up, I don’t expect any strong buying move.

I will only change my bias if gold gives a strong close above $4554. After that, I will only look for buying opportunities—this is my clear plan.

I hope you liked this psychological market analysis and found it logical. I wish you all a profitable day.

By the way, what’s your market analysis? Are you bullish or bearish? Let me know in the comments.

So, gold failed to close above the 4734 level, which is why we didn’t see any strong upside continuation. But that does not mean gold won’t move up in the future — it definitely will. The market just needs to clear out the existing liquidity first, and only then we can expect a proper upside move.

Now let’s understand the current market psychology and how we can approach trading next.

After today’s market open, we saw a straight downside move. Many people might think this happened because of news, but that’s not really the case. The real reason is that there was heavy buy-side liquidity resting on the downside, which the market targeted.

If you look at the structure from 28th April to 6th May, gold formed a kind of W pattern / double bottom near the 4500 level, which is a very important psychological level. Then on 6th May, we saw a strong breakout and impulsive move from the 4638–4660 zone, which attracted a lot of random buyers into the market.

On top of that, the market respected this same zone twice this week as support, which gave traders strong confirmation and encouraged even more buying activity in that area. This is exactly why we are now seeing a downside move — the market is going after those buyers.

However, it’s important to understand that the stop losses of buyers are still not fully taken out, especially those positioned around the 4500 level. Also, the overall structure still looks bearish. The way gold dropped below 4720 was quite strong, which suggests that a direct recovery from here is unlikely unless all buyer liquidity gets cleared.

If you remember, in my 4th May analysis, I mentioned that gold still needed more downside movement because the structure was bearish. But instead, the market gave a sharp one-sided move from exactly 4500, forming a double bottom. Because of that, many retail traders entered buys there.

Now the market is likely planning to take out those positions before making any real move upward.

Also, if you observe carefully, the market has still not fully taken out the 6th May low. It is attempting small buying moves from above that level, but this looks more like a trap. Many traders are placing their stop losses at that low and trying to buy, assuming it’s strong support due to the previous bullish move. In reality, the market is likely creating liquidity again before another leg down.

My Trading Plan

Personally, I am not looking for buys right now.

Based on the overall structure, I don’t think gold will reverse from this zone. Even if it does, it would most likely be a manipulation move. My expectation is that gold may show a small upside move first, just to create more liquidity, and then continue its downside move gradually towards the 4500 level.

Looking at the current structure and market psychology, I strongly believe that a breakdown below 4500 is very likely. Only after that can we expect a proper reversal.

Higher Timeframe Perspective

If you look at the daily timeframe, you’ll notice that gold has been forming lower highs from the yearly top. However, it hasn’t broken its major low near 4500 yet — and that’s exactly why liquidity is still sitting there.

Once 4500 breaks, most buyers will give up and shift their bias to selling due to the lower high structure. That’s where the real opportunity will come — and we need to take advantage of that moment.

Final Thoughts

This week was mostly choppy and confusing, which is why there weren’t many good trading opportunities. But trading is a business — every week or month won’t be the same.

Sometimes you need to stay defensive, and sometimes aggressive. The key is to adapt based on the situation.

I hope you found this analysis useful and that you’re prepared for the upcoming trades.

What’s your trade plan? Let me know 👇

SMART MONEY IS ABOUT TO TRAP EVERYONE IN GOLD ⚠️ 90% TRADERS WILL GET WIPED OUT 🚨

So, the situation in gold has become very interesting right now because both sides — buyers and sellers — are sitting with strong expectations that they will win.

If we observe the market carefully, gold has been trading in a tight range for the last 2 days, and that too in a very choppy manner. Because of this, a lot of confusion has been created in the market. Sellers from the top are expecting a drop, while buyers from the bottom are expecting a move upward. This kind of behavior usually means the market is building liquidity through consolidation.

Keeping this in mind, there is a high probability that we may see a big trap move in gold within the next few hours. So the key question is — how can we avoid this trap and how can we take advantage of it to book strong profits? Let’s understand.

If you remember the period between 23rd–27th April, the market showed a similar range-bound structure. After that consolidation phase, we saw a downside move. Because of this, many traders are now expecting the same kind of drop again. But one thing you need to understand is — the market doesn’t repeat the same pattern in the exact same way. Since gold already dropped from this price area last month, expecting the same outcome again is not the right approach.

Now talking about today — my overall plan is to look for buying opportunities on every pullback.

Personally, I am expecting a breakout of the 4734 level by the NYC session. As I’ve already mentioned before, 4734 is a very important level. As long as gold stays below it, the fight between buyers and sellers will continue.

But once the market gradually reaches and breaks above 4734, we can expect a clean upside move, which can push price towards:

• 4758
• 4776
• 4789
• and if momentum is strong, even 4800+

That’s the move I’m personally waiting for.

Also, one more important point — my view is that the market is likely to stay above 4660 throughout the day, and I will continue to look for buying opportunities on pullbacks.

Since gold is behaving in a very choppy manner right now, it’s better to either:

• Prefer scalping, or
• Wait for the 4734 breakout and then enter buys to lock in profits.

Important Note: If you don’t know how to scalp properly, it’s better to wait for the 4734 level. After a proper confirmation, you can enter a buy and focus on locking profits. Because the market is highly choppy, and after heavy consolidation, breakouts can sometimes turn into traps. That’s why your main focus should be on profit booking rather than holding trades for too long.

So, the bullish pressure we were expecting at the start of the week was clearly seen yesterday. We got a very strong upside move, and the market showed solid buying momentum. This makes one thing very clear — retail traders were mostly positioned on the selling side, meaning their stop losses were placed above.

Whenever gold gives a strong move in one direction, it simply means liquidity has been hunted. And yesterday’s move was exactly that. I hope those who followed my analysis were able to capitalize well on the buying side.

Now, in my weekly analysis, I mentioned one important thing — gold would either move very aggressively upward or in such a way that most traders won’t be able to participate. At the same time, the market would keep giving sellers opportunities to build positions.

As long as gold is below $4800, sellers will continue to hold hope for a downside move.

Now, as you can see, today in the morning the market swept last week’s high and then showed a reversal. This indicates that those who were holding overnight positions from last Friday or selling from last week’s high — their stop losses have already been taken out.

But after sweeping liquidity, the market showed a decent reversal, and many sellers again entered the market expecting a good downside move. However, I believe that won’t happen — and today again, sellers are likely to get trapped.

Here’s why 👇

After the liquidity sweep, we saw a one-sided fall during the Asian session. This attracted a lot of random sellers into the market — which is clearly visible in price action.

Also, as I mentioned earlier, a majority of sellers are still active around the $4772 area, and their stop losses are placed above — around $4779–$4787.

So until these sellers' stop losses are taken out and strong buyers enter at higher levels, I’m not expecting any major reversal or a big liquidity hunt on the buyers' side for now. That’s my view.

Today’s Expected Price Action 👇

Currently, gold is holding around $4708, and some early buyers may expect a reversal from here.

I believe we can see a minor upside move from this level — just enough to attract early buyers, making them think that gold will break the day’s high and give a strong bullish move like yesterday.

But in my view, even these early buyers will get trapped.

After a small upside move, gold can reverse again from the $4730–$4741 zone.

This will create two situations:

1. Sellers who entered from the top or Asian high will gain confidence
2. New sellers will enter thinking it's just a retracement

At the same time, early buyers will get stopped out, lose confidence, and may emotionally switch to selling.

That’s the trap.

My Plan for Today 👇

I’m planning to look for buying opportunities later in the day — around key support levels:

$4693 – $4683 – $4676

Preferably, I’ll wait for a bullish confirmation on the 15M–30M timeframe before entering.

Target zones:
$4763 – $4779 – $4787

Important Zones 👇

No-trade zone:
$4700 – $4730 (expect choppy price action here)

Safer buying setup:
If during the day, after all the buyer-seller battle, we get a strong 15M candle close above $4729, then you can comfortably look for buying opportunities targeting higher levels.

Final Thought 👇

Personally, I prefer trading later today because the current price action suggests the market will stay confusing and choppy, trapping both buyers and sellers before giving any clean directional move.

So stay patient.

I hope you liked this detailed and simple psychological market breakdown — and learned something valuable from it.

Good luck, trade safe, and I hope you have a profitable day 💰

By the way, what’s your view for today? Let me know in the comments 👇

So if I properly understand last week’s overall market psychology, one thing is very clear to me — smart money is interested in pushing the market higher, but they don’t want to take everyone along with them. A fresh example of this was seen during Wednesday’s Asian session, where the real move happened intentionally at a time when most traders were inactive, and after that the market spent most of its time in liquidity creation and confusion, keeping traders trapped.

At the same time, the market kept inviting sellers, because the overall price structure is such that most traders currently feel the market is bearish. Even on higher timeframes, the lower high formation is clearly visible, which is why many traders are interested in selling and some have even carried their positions over the weekend expecting further downside.

However, I don’t believe the market will give a clean selling move right now. Instead, it is more likely to create a situation where sellers keep getting trapped and buyers also struggle to perform, which usually happens in a manipulated environment. In such conditions, the best approach is either to take precise entries for swing trades or focus on short-term opportunities by targeting smaller traders and booking profits quickly.

Going into next week, there is still major sell-side liquidity left in the market, and along with that, fresh sellers entered on Friday after the formation of a lower high structure, which boosted their confidence. If you study the 4H timeframe from 29th January till now, you will notice a broader lower high structure, which is the main reason why most traders are expecting strong selling from current levels.

But in my view, the market is more likely to move higher first, shock sellers, and attract buyers at higher levels. The reason behind this is that the market already reversed on Friday before hitting major sell stop-losses, which increased confidence among existing sellers and also attracted late sellers into the market.

The key seller zone lies around $4772 – $4832, where a large number of retail traders are active based on previous rejection and retracement behavior. This expectation mainly comes from the move on 21st April, where the market dropped strongly, gave a proper retracement, and then continued its downside move, which typically encourages traders to sell retracements. That is exactly why many sellers became active around $4772.

In addition to this, the resistance formed from the 17th April closing price was respected again on 21st April, leading to a strong selling move. This is not purely a smart money concept, which is why many sellers are now positioned there and expecting similar behavior again. Smart traders understand these traps and book profits on time, while stubborn traders either increase their lot size or wait for a full stop loss, which is exactly what creates liquidity for the market.

The range between $4658 – $4773 remains a highly choppy and confusing zone, where both buyers and sellers have struggled in the past. From 22nd to 27th April, there was intense conflict in this range, and even last week when the market re-entered this area, price action became volatile again. Whenever price revisits such zones, it is better to stay patient, avoid overtrading, and either wait for clear confirmation or trade on lower timeframes.

For Monday, I consider $4700 – $4730 as a no-trade zone due to the heavy consolidation seen on Friday, and there is a high probability that buyers around $4700 may get trapped. So I would prefer to let the market clear this area first before taking any position.

My entry plan is simple — I will wait for price to sustain above $4703 and then look for a breakout above $4725. Once I see a clean move above $4725, I will look for buying opportunities with $4770 as the first target and $4820 as the extended target if momentum supports the move.

If the market shows strong momentum and volume, I will hold my positions toward $4820, but if the move is slow, I will prefer booking profits after each liquidity sweep and then look for re-entry on retracements.

After $4820, I believe something interesting can happen. By that time, most sellers would likely have been stopped out or exited, and new buyers would start entering at higher levels, which creates a perfect condition for a sharp liquidity sweep to trap late buyers.

However, I will only act based on proper confirmation and not take any random trades.

Overall, my bias for the start of the week is bullish, but my focus will remain on execution and confirmation rather than assumptions, because in this type of market environment, both buyers and sellers can easily get trapped if they act without patience or discipline.

That’s my complete plan for the week. I hope this detailed psychological breakdown helps you trade more effectively. Good luck for the week — trade smart and stay profitable, and let me know your view for next week. ⬇️

So we are back again near one very important key level, which is $4734. If you read my posts carefully, then you already know that I explained the importance of this level back in April itself. As long as the market stays below this level, bearish pressure remains active, and once the market starts sustaining above it, bullish pressure will dominate again. Right now, the market is showing some reversal signs near this area because there are still many active sellers present there. You can clearly see on the chart as well — on the left side, gold previously showed heavy selling with very zigzag price action from this same area. That’s why I believe a direct breakout of $4734 will not happen immediately, but based on price action and psychology, I still believe the breakout will definitely happen later.

The reason is simple — $4734 is a very important and publicly visible resistance zone. If you look carefully, selling started from this area around 20th March, and again during the week of 23rd April, the market reacted from the same zone. Because of that, many traders who still don’t want to give up on selling believe this is the best area to short the market again. And that is exactly why the market is also giving sellers an opportunity to build positions here.

At the same time, I believe gold will not move easily in favor of buyers today because many traders who missed yesterday’s buying move already entered buy positions after the Asian session opened today. Most of them are holding buys thinking that, just like yesterday, today will also become a one-sided rocket move upward. But in my opinion, buyers will not make money that easily today. I believe gold will first create confusion, frustrate both sides, and only after trapping traders properly will fresh buying continuation come into the market.

According to my view, below $4734, gold should first give a selling move just to trap the buyers who are currently holding buy positions with Asian low stop losses. I believe the market may trap them on Thursday, and then near the key demand zone I already mentioned earlier around $4640-$4660, gold can again show a strong reversal. That is where I personally plan to look for buying opportunities with a bigger lot size. From there, my first target will again be above $4734, and overall I believe gold can eventually move toward $4775, $4820, and even $4850.

Also, try to stay active during off-session timings. Whenever you notice price closing near $4734 or trading around that zone, stay alert especially during the early Asian session or near market closing hours. There is a strong possibility that big players may do nothing throughout the day and make their real move only when most retail traders go offline. That’s the feeling I currently have because whenever $4734 finally breaks properly, I believe a very strong upside move will come again and push gold toward $4800+ in a one-sided rally.

I hope everyone understood this simple psychological gold trading plan clearly and is now ready to trade with better clarity. What’s your personal view on gold right now? Let me know in the comments.

So in the market right now, a lot of sellers have already been shocked because of the one-sided buying during Wednesday’s Asian session. But to be honest, this move was expected—I already mentioned this in my weekly analysis.

The market simply did some manipulation for 2 days to build sellers’ confidence and make buyers hesitate. Then, taking advantage of that, big players made a smart move on Tuesday and slowly pushed the market to higher levels without letting anyone notice. And then deliberately, right at the Wednesday open, they created a strong one-sided move so that maximum traders couldn’t participate.

That’s how the game played out.

Now let’s understand what could happen next and what our plan should be for Wednesday.

Looking at the kind of buying we’ve seen today, no doubt most sellers are badly trapped. As I clearly mentioned in my weekly analysis, the 4640–4660 zone is very important because the market previously took resistance from this area on Friday. Due to that, many fresh (late) sellers became active there, creating strong liquidity—which was always likely to be taken out. This move was mainly to trap those sellers.

However, since the market hasn’t yet closed above the full 4640–4660 zone and the previous Friday high, sellers will still try to sell in that area. That’s something we should wait and watch.

I don’t expect heavy selling—just a small reaction followed by quick continuation towards the upside. The situation now is such that sellers will try to enter at higher levels, while many traders will wait for a decent retracement to buy. But the market may not give a deep retracement, because if it does, too many buyers will get a perfect entry.

That’s why I believe any retracement will be shallow and followed by continuation upward. So for today, it’s better to plan trades on smaller timeframes like 1–3 minutes.

Also, as I said at the start of the week, 4572 is a strong institutional buying level—and today we got confirmation of that. So as long as the market stays above this level, any selling should be considered a trap. Keep this in mind: above this level, our overall bias remains bullish.

For today’s targets, I’m looking at:

• 4660
• 4678
• Max: 4700

And I don’t expect the market to close below 4610 now. So we should focus on buying above this level, ideally around 4625–4633–4640 zones.

Good luck to everyone for Wednesday.

By the way, what’s your view? Let me know in the comments.

So in gold, today after the market opened, we were expecting some selling. But honestly, I didn’t expect the market to completely sweep Friday’s low.

As I mentioned earlier, the 4640–4660 zone had active sellers. If the market dropped, more sellers were likely to jump in because the resistance was clearly visible to everyone.

To be honest, the market shouldn’t have swept Friday’s low—but it still did.

The simple reason, according to me, is this:

Last week’s low was around 4509, which is very close to the key psychological level of 4500. After a one-sided drop last week, the market showed a reversal from 4509. Because of that, many traders jumped into buying positions around this level, keeping their stop-loss at 4500 or slightly below, since it’s a very important psychological level.

Along with that, gold has already completed a correction on the downside. Due to this, many buyers are becoming aggressive at these levels.

This is why gold is not rallying easily. Instead, it’s deliberately creating confusion and frustrating traders. Those who are chasing entries are losing money, and the market is likely trying to shake out maximum participants—so that when the real buying move starts, most people are either out of capital or stuck in regret, just watching the move.

Now let’s talk about the plan for Tuesday.

So far, the market has not given a breakdown below 4500. This means buyers are still active, and possibly more buyers have entered after the retracement and small reversal.

However, in my view, one more downside move is still pending.

The structure formed on Monday looks strong and is currently in favor of sellers. Without a proper liquidity sweep, a valid reversal from just above 4500 doesn’t seem likely yet.

According to me, gold should first attract more buyers and then move lower—possibly towards 4485–4467, and in the extreme case around 4440–4460.

From those levels, I expect a major reversal and a shift in direction.

For Tuesday, I prefer a wait-and-watch approach. I’ll plan trades on higher timeframes like 30min–1H, as I’m aiming for a bigger swing trade.

Based on market behavior, one thing is clear to me: gold wants to go up—but before that, it may first take liquidity from buyers and cause losses on the buying side.

So taking confirmation before entering trades will be the safest approach.

What’s your plan for gold? Let me know in the comments.

Gold is currently in a very interesting situation. Price has reached a level where the market is clearly divided—some traders believe gold will continue its downside and drop toward $4000, while others expect a move toward new all-time highs, even $6000. So the real question is: what’s more likely from next week—buyers winning or sellers? Let’s break this down using market psychology and structure.

Right now, late sellers have already entered the market. Many traders see strong selling opportunities below the $4640–$4660 zone, especially since gold reacted from this resistance area on Friday. Because of this, the majority of the crowd is sitting in sell positions, expecting further downside continuation.

But honestly, I don’t think that’s what will happen.

If you followed my previous analysis, the downside target we expected has already been achieved. Gold completed its move last week. Along with that, buyers who entered near the $4100 lows have already seen around 50% of their profits wiped out—and from that 50% zone, we saw a strong buying reversal that very few were expecting. That’s exactly where I believe smart money stepped in.

At the same time, sellers became active around $4640–$4660 because gold had been trying to sustain above this level for a long time but failed. Once it broke down, we saw panic selling—nearly a $220 drop in gold last week. That move forced many buyers to give up and switch their bias to selling.

Now here’s the key point:

Next week, more sellers will try to find selling opportunities—but I believe they’ll get trapped again and again as the market moves upward.

If you look at the structure from April 22 to April 27, gold kept rejecting higher levels. That’s why sellers are confident. But overall, I see $4570 as a strong institutional buying zone. As long as gold stays above this level, my plan is to trap sellers and focus on buying the dips.

My outlook:

Gold is likely to move toward $4770+ in the coming 1–2 weeks.

If momentum continues, we could even see $4850+.

Now let’s talk about Monday’s plan:

After the market opens, I’ll wait and watch for some initial selling. Since gold rejected from the $4640–$4660 zone, a slight dip will increase sellers’ confidence—especially those holding overnight positions. I also expect a possible breakdown below $4600, which is a psychological round number.

This could trap both:

• Late buyers who entered above $4600
• Fresh sellers chasing the breakdown

The key zone to watch is $4570–$4589, which I consider a strong institutional buying area. From here, we could see a strong reversal that traps all sellers who entered from Friday highs.

As long as gold stays above $4548, I remain strongly bullish.

One important thing to understand:

The market often creates small reversals after breaking previous highs to attract more sellers. While retail traders keep chasing sells at the top, smart money continues accumulating buy positions.

So combining price action, levels, and market psychology—my overall bias for the upcoming week is bullish.

That’s my trading plan for the week ahead. Hope you found this psychological breakdown useful and logical—and hopefully learned something valuable from it.

Wishing everyone a profitable new week and month. See you in the markets tomorrow.

By the way—are you bullish or bearish on gold? What’s your analysis? Let me know. ⬇️

So, a very interesting setup has formed in gold, because of which I’m seeing some great trading opportunities. Friday’s market is likely to be one where both buyers and sellers get trapped. Let’s understand the market psychology in detail and discuss the trading plan. If you don’t want to get trapped, make sure to read this carefully so you can better understand how the market is behaving.

According to our weekly analysis, the selling move we were expecting has now been completed. Also, the level from where we expected a reversal — around $4514 — has given a strong bounce in gold. For now, I believe gold is unlikely to break this level again and may start its upside journey from here.

However, the way the market showed a continuous upside move on Thursday doesn’t mean the same will happen on Friday. Personally, I don’t expect that kind of move again. I was expecting a sideways market at lower levels on Thursday to confuse retail traders, but instead, we saw a strong upside move. This clearly indicates that smart money has already entered, and now the market is trying to attract buyers and sellers again at higher levels.

Two major traps were created in the market on Thursday:

1st Trap (At Higher Level):

If you notice, gold reversed exactly from around the $4644 area. This level had been acting as strong support for the past few days. When it broke earlier this week, we saw a strong fall. But now, on Thursday, the same level acted as resistance. Many price action traders have likely considered this as resistance and entered sell positions here. Those who missed earlier opportunities probably entered fresh sells from this level, expecting further downside.

But based on the current situation, I don’t think the market will fulfill that expectation. To build their confidence, we may still see some selling on Friday, and I believe the market could even close below $4600. If that happens, many sellers will carry forward their positions over the weekend — which can later be trapped next week.

2nd Trap (At Lower Level):

Now, if we look at Wednesday’s high around $4605, the market took support from this level during the NYC session. Many traders must have bought from here, but these are mostly late retail buyers. Smart money usually buys at the bottom where most traders don’t enter. Retail traders prefer buying on breakouts or after retests of support — and that’s where they often get trapped.

Since this support is close to the psychological level of $4600, most buyers would have placed their stop losses below it. These are the levels we’ll be watching closely. So, anyone who bought near $4605 is highly likely to get trapped.

Friday Plan of Action:

After the market opens, I expect those buyers near $4605 to get trapped first. After that, the market may slowly move bullish. During this move, new buyers may enter in the Asian session, especially after seeing Thursday’s strong upside — many will assume it’s just a retracement and try to buy.

Then, near Thursday’s high or after a breakout, I expect a reversal. This will trap all the buyers who entered at higher levels, as well as those who bought from the Asian session lows. By the end of the day, both buyers and sellers are likely to be trapped, creating confusion going into the weekend.

As mentioned earlier, if the market closes bearish and below $4600, many traders will carry forward sell positions based on the $4644 resistance. These positions can then be heavily trapped in the coming week.

So this is my plan for Friday. I hope you found it logical and learned something valuable from it. It’s the last trading day of the week and also the start of a new month, so trade carefully and with patience.

Good luck for the new month — I hope it turns out to be profitable for all of you! 🫵🏻

So, as we expected in the weekly analysis, the downside move in gold has now played out. All the projected lower targets have been hit, and now it looks like gold is preparing for a possible shift in direction. Everyone should pay attention to this. Let’s now talk about what could happen next in the market and what the trading plan should be for Thursday.

Over the past two days, we’ve already seen strong selling in the market. Now, at lower levels, late sellers have entered, and at the same time, some buyers are also stepping in. Both sides are expecting a big move — sellers think the market should fall further, while buyers are expecting a quick recovery. But typically, after a strong move, gold tends to slow down and move in a range to build liquidity and confuse retail traders. I believe today will be similar — gold may sustain at lower levels and remain relatively calm. Personally, I am not expecting any big move today; the market will likely focus on trapping intraday liquidity.

My plan is simple: I will wait for a selling move and then look to trap those sellers below the day’s high. Wherever the market creates a high below the day high and shows signs of selling, I’ll focus on buying from lower levels, targeting the day high. Yesterday, the market reversed near the day high without breaking it due to strong selling pressure, which allowed sellers to survive. But today, I don’t expect the same behavior. The market has already taken a pause, and now the focus seems to be on trapping both buyers and sellers who are entering intraday.

That’s my simple plan for today.

By the way, what’s your view on gold? Do share your thoughts in the comments.

So Wednesday is going to be very interesting because the market structure itself has become quite complex, and on top of that we have the FOMC press conference, which will make the situation even more volatile. Now let’s understand what I expect from gold on Wednesday and what my plan of action will be.

Overall, the $4600 breakdown that we were expecting has already played out. Along with that, the support zone I mentioned around $4557–$4575 has shown a reaction, and we’re seeing a move up in gold. But this move should not be treated as a clean reversal — it’s more likely a setup to trap late sellers who entered at the bottom, and also to give false hope to bulls who already gave up.

If you look at Tuesday, both $4700 and $4600 — two major psychological levels — were broken in a single day. This created panic in the market. Smart traders sold from the top, but retail traders entered late sells near the bottom. That’s exactly why my focus is now on those late sellers.

Now the market has closed near $4600, so a lot of traders are holding sell positions below this level expecting further downside. But it won’t be that easy. Many traders will expect the same type of move as Tuesday during the Asian session — and that’s exactly where the trap will be. Not just sellers, but even buyers can get trapped on Wednesday before the real move begins.

I expect the market to open flat or with a small gap up — just enough to trap those who sold near $4600. After that, I’m expecting a downside move initially. This will make people believe that the same bearish continuation from Tuesday is happening again, and many will start selling aggressively.

But as soon as maximum participants shift to selling, I’m expecting a reversal during the Asian session. After the market opens, whatever high is formed in the Asian session will become an important target zone.

The key psychology here is that after such a strong fall, most traders will try to catch the top instead of buying. That’s exactly the opportunity we need to use.

My plan is simple: as selling increases, I will look to trap those sellers. The reason is that most of these sellers will be late entrants, and the market rarely rewards late sellers easily.

Also, in the previous analysis, I mentioned the $4644 level — which was acting as strong support for several days. Gold was trying to sustain above it, but once it broke, we saw a sharp downside move. Now, an important observation is that the breakdown happened directly, which means many traders had sell limit orders below $4644 and are still holding those positions expecting big profits.

But I believe until these traders are forced out — until the market makes them feel that buying is the right move — we won’t see a clean continuation down. So first, the plan is to trap sellers with zig-zag movements.

Once traders who sold below $4644 also get trapped and buyers start entering confidently at higher levels, that’s when the market can again reverse and trap buyers, leading to another downside move.

Also, keep in mind that the FOMC press conference is just 2 hours before market close. On such days, the market needs liquidity — which is why both buyers and sellers are often confused and trapped before the real move happens.

So overall, the plan is:

First trap sellers → then attract buyers → then trap buyers → and finally the real move.

I hope this analysis makes logical sense and helps you prepare better for trading gold.

Good luck — trade smart and stay disciplined.

So as per our weekly analysis, the drop we were expecting in gold has now started. Gold has already come close to $4600, touching around $4604, and from there it has begun to show a slight reversal. However, this move is not valid — it’s more of a setup.

This upward move is likely just to give hope to those buyers who are still not ready to accept the loss. The market is trying to attract buyers above $4600 to create liquidity for a further downside push.

As soon as some buying comes in above $4600, especially during the New York session, we can expect a sharp downside move again. Once $4600 breaks down, panic could enter the market, and we may see gold falling towards the $4570–$4580 zone within the next few hours.

Along with that, the $4557–$4575 area can act as a short-term support, where buyers might try to defend. Since the $4700level has already broken down and $4600 is also likely to follow, the overall structure remains bearish.

On the chart, there was a key level around $4644 (marked with a black line). For the past few days, gold was trying to sustain above this level, but it has now broken down strongly. Because of this direct breakdown, all the sell limit orders placed below this level have already been triggered.

Right now, those sellers might be in some profit, and the market could give a small upside move from the $4557–$4575support zone — mainly to trap sellers who entered early. After that, we can expect continuation on the downside.

I hope this quick update is clear. The structure is strongly bearish, so avoid buying above the support zones mentioned. The focus should be on trapping buyers and trading with the bearish momentum.