Weekly Gold Outlook! Micro Gold FuturesCOMEX_MINI:MGC1!DWoodzDate: June 7, 2026 Weekly Preparation Notes The market enters the new week after a significant selloff that has shifted sentiment noticeably bearish. While lower timeframes show clear downside momentum, the Daily structure suggests price is approaching an area where buyers could become active again. Key Observation: Many traders are likely focused on continuation lower after Friday's decline. However, I need to remain objective and avoid adopting the crowd's bias. Higher-Timeframe Analysis: Daily structure remains potentially bullish unless support fails. Unfilled 1H FVG located between approximately 4305 and 4284. Major support exists near 4270. Weekly and Monthly context still support the possibility of higher prices if support holds. Catalysts: CPI (Wednesday) PPI (Thursday) These events may provide the volatility required to complete any remaining downside objectives before establishing directional intent. Primary Scenario: Price reaches into the lower imbalance zone early in the week, sweeps liquidity, establishes a weekly low, and then begins rotating higher. Alternative Scenario: Price breaks and accepts below support, invalidating the bullish thesis and opening the door for deeper retracement. Focus This Week: Do not predict. Allow price to reach key levels. Watch how price reacts at support. Monitor order flow and volume during London and New York Killzones. Wait for confirmation before entering positions. Reminder: My edge is not predicting direction. My edge is waiting for price to reveal its intentions and then executing with discipline.