GOLD — THE FED GAVE US THE MOVE… NOW WHAT?Micro Gold FuturesCOMEX_MINI:MGC1!DWoodzWe've been sitting in consolidation for most of the week waiting for the Fed. Well... we finally got the catalyst. The Fed raised rates by 25bps today, bringing the target range to 3.75%–4.00%, while also signaling that inflation remains elevated and that additional tightening could still be on the table. And Gold initially reacted exactly how you'd expect. Straight down. But here's where I'm getting interested. That selloff pushed price directly into the area I've been waiting for. The H4 FVG was largely filled, and price also swept the lows. Now I'm watching to see what happens after the liquidity grab. Because at this point, I don't necessarily want to chase the downside. I want to see if sellers can actually hold the lower prices. 🔵 THE BULLISH IDEA The level I'm watching now is the Previous Weekly Low around 4,339.7. Price is currently below it. So I'm not calling a long simply because we swept the lows. I want to see price reclaim that level. If we push back above the Previous Weekly Low, then I want to see whether we can retest it from above and hold. Something like: Sweep the lows → FVG fill → buyers step in → reclaim PWL → successful retest → continuation. THAT is the setup I'm interested in. If that happens, the Fed reaction could end up being the liquidity event that gave buyers the opportunity to step back in. 🔴 BUT I'M NOT GOING TO FORCE THE BULLISH STORY This is the part that's important. The Fed just delivered a hawkish catalyst, and the initial reaction was bearish for Gold. So if price cannot reclaim the Previous Weekly Low, I'm not going to sit here saying: "Well... they swept the lows, so it has to go up." Nope. If sellers continue accepting price below that level, then the sweep wasn't necessarily a reversal. It may simply have been the beginning of another leg lower. And that's when I'm looking for the next area where Gold may want to react. 📊 WHAT I'M WATCHING IN ORDER FLOW This is where the DOM/order flow becomes important for me. I want to see whether the aggressive selling we're getting after the Fed actually produces continued downside acceptance. If sellers keep hitting the market but price stops making meaningful progress lower... That's interesting. If buyers begin absorbing that selling... Even more interesting. Then we reclaim the Previous Weekly Low? Now we've got something I can actually work with. I'm not trying to predict the reversal. I'm waiting for the market to prove it. 🎯 MY PLAN Bullish scenario: 🔹 H4 FVG gets filled 🔹 Lows get swept 🔹 Selling pressure begins to dry up 🔹 Buyers take control 🔹 Price reclaims ~4,339.7 🔹 Retest holds 🔹 Look for continuation higher Bearish scenario: 🔻 Price remains below the Previous Weekly Low 🔻 Sellers continue accepting lower prices 🔻 Reclaim attempt fails 🔻 No reason for me to force a long 🔻 Wait for the next major level/FVG The key for me is 4,339.7. I don't need to catch the exact bottom. I'd rather miss the first 30–50 points and get confirmation that buyers have actually taken control than try to call the bottom and get run over if sellers aren't finished. The news created the volatility. Now I'm watching price tell me what that volatility actually means. Let it show its hand. #Gold #MGC #GC #GoldFutures #FuturesTrading #OrderFlow #PriceAction #VolumeProfile #MarketStructure #TradingView #DayTrading #Futures #COMEX #GoldTrading