GOLD TRADE OUTLOOK - MONDAY GAMEPLAN

Gold showed strong rejection at the upper channel in the Daily TF, tapping into the Rejection Zone near 3398.

📊 Current Scenarios:

Bullish Breakout above PDH/AVL → Expect rejection again at the 3398 zone if momentum weakens.

Bearish Breakdown → Possible Cup & Handle formation, with a bounce or continuation from:

🔹 Recent Broken Resistance

🔹 FVG + Mitigation Zone

🔹 Previous Day’s Low (PDL)

🔹 Gap Fill Opportunity

📌 Bias: Short-term bearish leaning unless a clear breakout confirms above the Rejection Zone.
📉 Mondays tend to show regression/retracement behavior on Gold, so patience is key.

📍Key Levels to Watch:

Rejection Zone: 3398

PDH/AVL: ~3366

Support Areas: 3307, 3279, 3240

🧠 Sentiment:

Price is overextended from value

Weak momentum in current high

Awaiting liquidity sweep or clean SMC structure formation