Gold’s Drama Continues: From No Demand to Upthrust Meltdown

Alright candle-chasers, remember yesterday’s boring, non-committal candle that screamed “I’m a No Demand (ND) but don’t quote me yet”? Well, guess what — Gold finally replied to our text!

Today’s daily candle confirmed the ND drama by pulling a classic Upthrust move — it tried to act all bullish with a higher high (3404) but closed lower (3352) with higher volume. Basically, Gold showed up wearing confidence but tripped over its own ego on the way out. Brutal.

Now, if you’re familiar with Volume Spread Analysis (VSA), you already know that when a No Demand candle is followed by an Upthrust, it’s like your ex texting you “I’ve changed” — only to ghost you again. That’s a bearish signal, my friends.

So yes, my bias has officially flipped. I’ve ditched Switzerland’s neutrality and I’m boarding the bear trainat least for tomorrow (not long-term bearish yet — we’re not THAT dramatic… yet).

Tomorrow’s Hot Zone for a Gold Sell-off:

The juiciest supply zone I see for Friday is that tempting 3370–3380 area. If price wiggles its shiny butt up there, I’m eyeing a sell entry like a hawk with trust issues.

Can it fall straight from current levels (3352) ? Yup.
Can it fall from 3360-3366 too? Also yup.
But 3370–3380 is the high-probability troublemaker — a.k.a. Gold’s “Oops, I did it again” zone.

Support Zones You Really Need to Watch (aka Where Your Sell Might Cry):

  • 3338–3331: The OG support zone, still holding strong for 3 days like a clingy ex. If it holds again tomorrow, it might ruin your bear dreams and stage a comeback.
  • 3320–3315: If 3331 gives up, this is the next place where Gold might take a nap.
  • 3299: The legendary bounce zone. If this breaks? Then welcome to 3290, a.k.a. the emergency landing zone.

But remember: any of these breakouts might turn into fakeouts. Gold has a PhD in betrayal.

Resistance – In Case Gold Gets Cocky:

If Gold decides to rise like it drank a Red Bull, here’s the “Resistance Gauntlet”:

  • 3405–3410: First zone — if this breaks, I’ll go from bearish to “meh, let’s wait and see.”
  • 3415: A trap with eyeliner on.
  • 3435: A trap with heels.
  • 3460: A trap with a credit score.
  • 3500: Grandma’s favorite — pure nostalgia, pure drama.

Weekly Closing = Extra Sass

Oh, and let’s not forget — tomorrow’s the weekly candle close, which means extra drama and maximum manipulation. Expect the unexpected. Gold might break hearts and stop losses like it’s Friday night.

So trade smart, stay skeptical, and keep your risk tighter than your boss’s Wi-Fi.

Comments

One response to “Gold’s Drama Continues: From No Demand to Upthrust Meltdown”

  1. […] candle session — I was officially on the bear train for Friday. And guess what? Gold obeyed. That 3370–3380 zone I marked? Gold hit 3377 like a rebellious teenager trying to prove a point, then promptly collapsed to 3305 […]

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