GOLD WEEKLY OPEN – Sentiment-Driven Marke🟡 GOLD WEEKLY OPEN – Sentiment-Driven Market as Asian Sellers Hit Early
Gold kicked off the new week with a sharp drop during the early Asian session, falling over 40 points from last week’s highs into the 297x zone — a move that reflects lingering sell-side pressure from last Friday’s close.
However, price quickly rebounded nearly 40 points, showing clear buy-side interest at the 297x zone — which acts as a key structural support on the H4 and D1 timeframes.
📌 If price breaks below this level convincingly, it could trigger a deeper move toward 295x.
🔍 Technical Breakdown:
The overall structure on H4 and D1 remains bullish
But right now, investor sentiment is leading, not just technicals
On H1 and H2, price is reacting to the 0.5 Fibonacci retracement zone
If gold closes below 3030, we could see another leg down into the 295x area
🧠 Sentiment Is In Control (For Now)
So far, only Asia and Australia have shown their hand
We’re waiting on London and New York to step in before confirming trend direction
With price whipping around inside a broad range — only trade from key zones with clear price reaction
🧭 Key Technical Zones:
🔺 Resistance:
3055 – 3076 – 3107
🔻 Support:
3024 – 3005 – 2970 – 2952
🎯 Trading Plan:
🟢 BUY ZONE: 2980 – 2978
SL: 2974
TP: 2984 – 2988 – 2992 – 2996 – 3000
🔴 SELL ZONE: 3076 – 3078
SL: 3082
TP: 3072 – 3068 – 3064 – 3060 – 3056 – 3050
📅 What To Watch This Week:
This week brings major market movers:
CPI → PPI → Fed speakers — all lined up midweek.
→ Be selective with your trades and keep tight risk control.
AD will continue updating intraday zones across sessions.
✅ Trade smart. Respect your risk. Let the market come to you.
— AD | Money Market Flow
