jacquet maxito
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XAUUSD . 🚨 GOLD TRADERS ARE COMPLETELY CONFUSED... HERE'S WHAT SMART MONEY IS DOING! Overall, Gold is simply moving sideways and spending time because today is the last trading day of the week. At the same time, the market has already created a lot of confusion among retail traders. Many people are wondering whether Gold is actually bullish or bearish. If you want to stay away from that confusion, make sure you read this psychological market analysis carefully. It will help you understand today's (Friday's) trading plan as well as the overall outlook for the coming sessions, allowing you to trade with much more confidence. Over the last two days, we witnessed exactly the bullish move that we were expecting. The strong support zones that I mentioned also worked perfectly. First of all, I hope this week's analysis has been helpful for all of you. On Wednesday, when the market dropped sharply, many random sellers got trapped. However, traders who respect proper price action were patiently waiting for a retracement before entering short positions. Yesterday (Thursday), the market repeatedly tried to invite those sellers into the trade, but once again many of them got trapped. The reason behind this was pure market psychology, which I clearly explained in my previous analysis. Sometimes the market doesn't respect traditional price action because it enters a manipulation phase. During those periods, understanding market psychology becomes far more important than simply following textbook price action. My plan for Friday is very simple. As long as Gold does not close above $4,128, buying aggressively becomes a little difficult. Yes, I am still bullish overall, and there is absolutely no doubt about that. However, considering the current price behaviour, entering fresh buy positions too early could be risky because the market may first trap buyers. I believe Gold could continue moving in a zigzag pattern and revisit the $4,100 area before making its next move. This is because $4,100 is an extremely important psychological level. Just like last week when Gold was trading around $4,000, the market repeatedly trapped both buyers and sellers around that major round number. I expect very similar price behaviour around $4,100 this week as well. That is why I would suggest trading carefully on Friday. Overall, as long as Gold remains above $4,086-$4,092, I remain strongly bullish. Keep this level in mind. I have already marked two green demand zones on the chart where we can look for buying opportunities with proper confirmation. The moment Gold manages to close above $4,128, I believe we could see a strong bullish continuation that has the potential to push price directly toward $4,166. So, to keep it simple, I am still bullish on Gold. I have repeatedly pointed out that $4,086 is a very important institutional key level. As long as the market continues trading above it, my overall bias remains Buy on Dips. The only reason we are experiencing some uncertainty right now is because Gold is trading very close to the important $4,100 psychological level. Keep that in mind and try to understand how Smart Money operates before planning your trades. I hope all of you enjoyed this analysis. Good luck for the last trading day of the week! I hope my analysis helped you throughout the week and that everyone finishes the week with profitable trades. What is your trading plan for Gold today? Let me know in the comments! ⬇️
