United Kingdom

2026-08-17 14:57

IndustryGold Buyers are walking into a trap... 4300$ next?
Yes, Gold has shown some upside momentum, but in my view, this move may mainly be trapping sellers positioned around 4400. Price action has become very choppy, and with price holding Friday’s Asian opening and trading near Friday’s high, many buyers are now expecting further upside. But here’s the important part: last Friday’s low formed almost exactly around last Monday’s low, meaning many buyers have already entered from that area expecting a bigger move. Sentiment is clearly bullish, but around the current levels, I don’t see enough liquidity above the market to support a strong continuation. That’s why I’m more interested in the downside for now. Be very careful around 4415–4382. This can be a no-trading zone, or only a place for small scalps, because the price action is extremely choppy. I would rather wait for a clear momentum shift. For me, the better selling opportunity starts below 4385, with stronger confirmation below 4382. If that breaks with proper momentum, my targets are 4363 → 4340, and if selling pressure continues, 4300 becomes the bigger swing target. So sellers, stay ready—but don’t blindly sell inside the chop. Let the market confirm first. If buyers become trapped here, we could see a proper liquidation move.
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Gold Buyers are walking into a trap... 4300$ next?
United Kingdom | 2026-08-17 14:57
Yes, Gold has shown some upside momentum, but in my view, this move may mainly be trapping sellers positioned around 4400. Price action has become very choppy, and with price holding Friday’s Asian opening and trading near Friday’s high, many buyers are now expecting further upside. But here’s the important part: last Friday’s low formed almost exactly around last Monday’s low, meaning many buyers have already entered from that area expecting a bigger move. Sentiment is clearly bullish, but around the current levels, I don’t see enough liquidity above the market to support a strong continuation. That’s why I’m more interested in the downside for now. Be very careful around 4415–4382. This can be a no-trading zone, or only a place for small scalps, because the price action is extremely choppy. I would rather wait for a clear momentum shift. For me, the better selling opportunity starts below 4385, with stronger confirmation below 4382. If that breaks with proper momentum, my targets are 4363 → 4340, and if selling pressure continues, 4300 becomes the bigger swing target. So sellers, stay ready—but don’t blindly sell inside the chop. Let the market confirm first. If buyers become trapped here, we could see a proper liquidation move.
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