Micro Gold Futures
Long

Gold Futures Weekly Outlook (MGCZ5)

210
📍 Key Levels on Watch

Friday’s High (D-H): 3814.5

Friday’s Low (D-L): 3764.2 → New support

Weekly High (WFH): 3824.6

Weekly Low (W-L): 3717.7

Daily FVG Below: 3746.3–3735.2

đź§­ Technical Outlook

Price is currently sitting right at the 50% midpoint of Friday’s move.

Friday’s Low (3764.2) is the key inflection point:

If defended → bullish continuation toward 3814.5 and possibly 3824.6.

If broken → expect a quick flush into the Daily FVG (3746–3735) before buyers step back in.

Volume profile shows a low-volume pocket below 3770, which could accelerate moves down into that Daily FVG if support fails.

🌍 Macro Context

De-Dollarization trends continue to support Gold in the longer term.

Geopolitical tensions (military leadership meetings this Tuesday + ongoing global conflicts) = potential safe haven demand.

US Political Risk: Government shutdown threats and loss of traction for the Trump administration add uncertainty → historically supportive for Gold.

Safe Haven Flows: When global stability is questioned, Gold is a direct beneficiary.

🎯 Scenarios to Watch

Bullish Case:

Friday’s low holds → retest of 3814.5 and possibly new weekly highs above 3824.6.

Bearish Case:

Break of 3764.2 → fast move into Daily FVG (3746–3735).

Watch for liquidity sweep & reversal setup inside that FVG.

📌 My Plan

Bias leans bullish this week given the macro backdrop.

BUT — I’ll wait for price to show its hand around Friday’s low before committing to either continuation or discount entries.

Staying flexible: both scenarios mapped, execution will be clean.

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