GOLD Weekly Recap (Week 29) – MJTrading View

7月20日

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📈 GOLD Weekly Recap (Week 29) – MJTrading View

🕰 Timeframe: 15min chart with bi-weekly perspective
📅 Period Covered: July 14–18 (Week 29)
🎯 Visual Framework: Leg structure, range boundaries, liquidity sweeps, trendline holds, and Real Value Zone.

🔹 Weekly Summary
Open: 3,363.33
High: 3,377.77 (🔴 sweep: trapped buyers)
Low: 3,310.00 (🔴 sweep into key demand + touching the main ascending trendline [see previous Analysis and Idea])
Close: 3,349.98~3350 (lovely round level)

Structure: Entire week played inside a broad consolidation range, with sharp but failed breakouts on both extremes.
Range rules applied: traps, sweeps, compression — everything aligned for responsive trading.


📌 Key Observations
Early Week:
A double-top structure led to rejection from ~3,375 → slid into 3,350.
Price returned to breakeven but then flushed hard toward 3,320 via a clean 2-leg drop.

Midweek:
After forming a double bottom, price created a tiny liquidity sweep, then exploded to the weekly high.
The move above 3,377.77 was a textbook liquidity grab, immediately rejected.
This led to a slide toward the weekly low, tagging both the trendline and consolidation floor — forming a false breakout + reversal.

Late Week:
The low at 3,310 was swept cleanly (🔴), followed by a leg-based reversal:
Leg 1: Up to 3,331
Leg 2: Extended to ~3,360 before fading back inside the range.
Compression:
Price closed inside the Real Value Zone (weekly candle body) — just under the open, forming a tight wedge, hinting at breakout conditions for Week 30.

🟨 Weekly Candle Body
Open → Close of weekly candle reflects Real Value Zone .
Highs and lows were swept, but real commitment stayed within the body.

🧭 Key Levels to Watch – Week 30
Level Role
3,377.77 Weekly High / Liquidity Sweep (🔴 rejection)
3,363.33 Weekly Open (break & hold = bullish bias) / Previous Weekly High
3,350.00 Micro resistance / Mid-structure cap / Round Level
3,331-3 Leg 2 low & first reaction zone / Round Level
3,320.00 Breakdown support / Flush origin
3,310.00 Weekly Low / Major Demand (🔴 sweep)
3,400.00 Next possible main target
3,282.00 Previous Weekly Low
Dynamics: Both Uptrend and Downtrend Lines...

🧠 MJTrading Notes
Bias remains neutral inside the range.
A break & acceptance above 3,363 could trigger a re-test of the sweep zone (3,377+).
A breakdown below 3,331 puts 3,320 → 3,310 back on the map then 3,282.
Don’t force direction — let expansion confirm itself.

🧭 “If the structure speaks to you, let it echo.”
– MJTrading 🚀

#MJTrading #ChartDesigner #GOLD #LiquiditySweep #PriceAction #StructureTrading #Weekly #Chart #Consolidation #2legs

🧠 Psychology always matters:

7月21日

交易進行

This Monday, BULLS are in charge...