Gold Futures Weekly Outlook (MGCZ5)

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Gold Futures Weekly Outlook (MGCZ5)Micro Gold FuturesCOMEX_MINI:MGC1!DWoodz📍 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 🧭 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.