Weekly Review (Jul 20–24): EUR & GoldEuro FX Futures (Sep 2026)CME:6EU2026ConfluxMethodWeekly review for July 20–24. Not signals, just how I read the tape with the Conflux Method: structure (Reaction Levels), order flow and options data. Context: when the CPI came out I simply sat it out, because Bloomberg floated the idea that there would be a 0.4% drop in inflation for June, and that was too much, even if you assume there was no time lag from the effect of oil. In the end that's what we got, with the decline. The painted data gave the market no positive, the market didn't believe the CPI report or the nonfarm, and all the growth evaporated after the spurt. Without oil, judging by the report, inflation in the US is zero, and that's a fairy tale. On the drivers, the only one that interests me next week is Friday. Everything else isn't interesting, even the ECB won't be touching the rate there. Let's see whether there'll be a TACO from Trump with Iran, and maybe we catch a trend on that, or else we stay put and stand until July 29. 6EU2026 (EUR, main chart above) An absolutely identical straddle went in here, with the same breakeven as last week, and again on the boundary of the balance. Looking at these off-exchange trades, maybe they'll finally start pushing it up. And it's not only off-exchange, there's also an entry of 7560 puts at the central strike in synthetics, and we haven't seen that kind of volume in a long time, in July at that, and on the lower boundary of the balance. The feeling is they're just trading volatility and a shot, and where it goes they don't care, and they've thrown hedges everywhere so they can flip to either side easily. If they go up, there's the synthetic breakeven, the middle of the two openings here, and on an exit above it they earn until August 7, with a strangle a bit higher. If they go down, they'll close all the futures, and with a break of the lower boundary of the balance those same 7560 puts start earning all over again. In short, they're waiting for a move and will adapt to it, and then they'll let us join. Given how long we've been standing in this accumulation, the exit out of it is a move of 300 to 400 points without long stops. So I don't want to buy it back yet until 1.1553 is worked and possibly the break that follows, and I'll short only after a break of the 7560 puts to the downside. GCZ2026 (Gold) A unique situation here: all the delta-hedge zones of the market maker and the funds (the Wednesday, the week and the contract) landed on Reaction Level zones, and that in itself is a call to action off these zones. If the buy-back off the visible ones continues, then through a pullback I'll be looking at an entry into a buy toward max pain before expiration, off these two zones. At the open, if they immediately push it down to 4047, I'll still try to buy it back, the stop is tiny for that kind of potential. So far the buy-back is fairly dumb, and the risk definitely shouldn't be raised above 1%. Crypto BTCUSDT ETHUSDT SOLUSDT I've started glancing at crypto, but for now it's only glancing, the coma there hasn't ended yet. These are zones and scenarios I'm watching, not a call to trade. Let price come to your levels and let the reads converge first. Educational only, not investment advice. Trading carries a high risk of capital loss. Past results don't guarantee future performance. #ConfluxMethod #trading #futures #options #forex #gold #crypto #orderflow