Friday Forecast: Gold’s Breakout, Rejection Drama & Intraday Strategy

Alright traders, get your coffee mugs, energy drinks, and broken trading dreams ready because the Thursday daily candle for XAUUSD has just wrapped up – and guess what? Gold FINALLY broke out of its 3377 “friendzone” and flexed hard up to 3400 like it just got a fresh gym membership.

Let’s rewind and dissect this shiny beast’s latest episode:

  • High of the day? 3400.
  • Low of the day? 3338.
  • Closing price? A respectable-ish 3386.

And remember how I literally warned you all last time that a bounce from 3367–3377 could cause a pullback to 3331–3322? Yeah… Gold flirted with 3377, made a sassy little rejection at 3378, dropped to 3338 by 7:00 UTC, and then basically went, “SIKE” and bounced right back up.

That 7:00 UTC candle? Oh, she was a Climactic Drama Queen – a true volume diva, soaking up attention. And right after her tantrum, the market pulled a classic “Automatic Rally,” like, “I didn’t mean to cry, let me show you I can still go up!”

If you zoom in to the 5-minute chart, you’ll see textbook VSA signs waving at you like parade flags – seriously, even your pet goldfish could spot them.

So yeah, Gold reached 3400 again and gave us that 3386 close, crawling its way back into the previous bullish channel like a toxic ex saying, “I’ve changed, I promise.”


Friday Forecast: Drama Continues

Tomorrow’s Friday, aka weekly closing day, aka “Let’s all pretend we knew this would happen” day.

My bias? BULLISH.

But here’s the deal:

  • After touching 3400, Gold may get a little tired and take a breather near 3385–3380.
    But I’m not playing those meh pullback entries. I’m not desperate.
  • However, watch carefully the 3377 area, it can act as a new RBS (Resistance Becomes Support) zone.

My eyes are on the real romance zone:

  • 3368–3358 is my ideal demand zone for long entries tomorrow.
  • And if Gold decides to be dramatic again and breaks below 3358, I’ll wait to long again near 3346–3336, where the serious buyers live – not these flaky range bouncers.

In either long plan:

  • My first target is any SBR (Support Become Resistance) zone before the previous day’s close.
  • No SBR? Then aim for the previous day’s close – the VIP lounge of price levels.
  • After that? Use your lots, logic, and some trailing SL magic to set further targets. You’re traders, not traffic cones. Act like it.

BUT…

If Gold slips below 3336 with a proper bearish tantrum, then sorry fam — I’m officially calling off all long plans. We’ll just sit back and watch until it gets its act together and comes back inside the previous day’s price range. Until then? We don’t chase emotionally unstable candles. We let them text us first.


Final Thoughts & Feelings

So there you have it, folks — my Friday the 13th special.
I’ve tried my best to help you avoid emotional damage tomorrow.

If anything sounds rude, sarcastic, or hits too close to your overleveraged heart – well, that’s probably because it’s true. But also…


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