Session Snapshot
- Open: 2718.30
- High: 2731.60
- Low: 2715.20
- Close: 2726.40
- Change: +0.30%
- MCM State: Accumulation transitioning to Markup
- Volume Context: Moderate (typical for Asian session)
- News Catalyst: USD mild strength on DXY +0.30% limiting gold upside, light economic calendar favoring technical trading
Fundamental Drivers
Gold trading in narrow range as USD shows modest strength (DXY 99.14). Light economic calendar today - only ANZ Job Ads (low impact) at 2:30 PM EST. Real yields stable with US10Y ~4.55%. Risk-neutral environment with no major catalysts driving directional momentum.
News Risk Assessment
- Event Risk: Low
- Impact: ANZ Job Advertisements (AUD-related) unlikely to affect gold materially
- Action: Technical levels dominating; safe to trade S/D zones during Asian session
Supply/Demand Zones
Demand Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| D1 | 2715-2720 | Fresh | Strong |
| D2 | 2700-2705 | Tested Once | Moderate |
| D3 | 2685-2690 | Fresh | Strong |
Supply Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| S1 | 2750-2755 | Fresh | Strong |
| S2 | 2770-2775 | Fresh | Moderate |
| S3 | 2800-2805 | Untested | Strong |
Support/Resistance Matrix
| Level | Type | Price | Strength | Distance |
|---|---|---|---|---|
| R3 | Psychological | 2800 | Strong | +2.70% |
| R2 | Structural | 2750 | Strong | +0.87% |
| R1 | Intraday High | 2732 | Moderate | +0.21% |
| Current | - | 2726 | - | - |
| S1 | Session Low | 2715 | Moderate | -0.40% |
| S2 | Psychological | 2700 | Strong | -0.95% |
| S3 | Structural | 2685 | Strong | -1.50% |
Liquidity Hunt Map
- Buy-Stop Clusters: Above 2750 (psychological resistance + supply zone)
- Sell-Stop Clusters: Below 2700 (round number + previous demand zone)
- Recent Sweeps: Session low 2715 tested but no liquidity cascade yet
- Next Target: Likely hunt to 2732-2735 to sweep early long stops, then possible reversal or continuation to 2750
Fear Factor Meter
FEAR [🟠🟠🟡🟡🟡🟢🟢⚪⚪⚪] GREED
▲
Score: 5/10 — Neutral
Inputs: DXY=99.14 (+0.30%), VIX≈14.5, US10Y≈4.55%, light calendar = balanced risk environment
Directional Bias
- Bias: Neutral to Slight Long
- Confidence: Moderate
- Rationale: Accumulation phase with tight 2715-2732 range. Fresh demand at 2715-2720 likely to hold, but USD strength capping upside at 2750. Favoring range-bound trading over directional breakout until NY session catalysts emerge.
Action Zones
| Setup | Entry | Trigger | TP1 | TP2 | SL |
|-------|-------|---------|-----|-----|----||
| 🟢 Long | 2715-2720 | Bullish engulfing at D1 | 2735 | 2750 | 2710 |
| 🔴 Short | 2750-2755 | Bearish rejection at S1 | 2730 | 2715 | 2760 |
| ⚪ Range | 2720-2732 | Scalp bounces off boundaries | ±10-15 pips | N/A | Tight |
Momentum View
"Accumulation phase suggests consolidation likely continues in 2715-2750 range. IF 2750 supply holds → probable rejection back to 2720 demand. Fresh demand at 2715-2720 highly likely to provide support unless DXY surges above 99.50. Risk-reward favors buying dips to demand over chasing current levels—patience for clear rejection signals at zone boundaries offers favorable setups."