Yo Leo fam. Back again to talk about the market that never sleeps. This week everyone is staring at one thing Gold (XAU/USD). It is moving pretty wild right now and honestly it is full of Smart Money signals.
Let’s skip the boring news talk for a bit and dive into why Gold is the main character right now from a pure technical and sentiment perspective. Spoiler there is some big potential here but watch out for the liquidity traps.
Why is Gold still holding up
Even when the US Dollar tries to flex its muscles Gold stays strong. The big talk this week is about the peace efforts in the Middle East. It gives the market some breathing room but big investors are still holding onto Gold because the long term is still uncertain.
Big banks like J.P. Morgan are even calling for a crazy target at $5,000 - $5,400 by late 2026. That is not just a random number man. It is a sign that the big players are accumulating for the long run.
The Economic Calendar
If you are a news trader do not forget to check your calendar. We need real data to move the price.
Check out those dates for May 2026. Keep an eye on US Inflation (CPI) and Retail Sales. If the US economy looks weak it is basically fuel for Gold to fly higher. If the data is too good for the Dollar Gold might take a quick dip.
The Long Term Trend
Let’s look at the big picture from the last few months.
Even with all the noise the trend since late 2025 is still bullish. Price is staying above the mean line. We are sitting around $4,713 right now which is just a healthy consolidation after a big move. To me this looks like a spot to look for trend continuation not for shorting blindly.
Technical Analysis Of SMC and ICT
Now for the good stuff. As smart money traders we look for market structure and liquidity traps. Let's check the daily chart.
A few key things to watch
The $4,699 Level this is our short term support. If price breaks this we might see a deeper correction.
The Red Order Block ($4,850) this is the heavy supply zone. If Gold pumps this is our first target to take profits.
The FVG (Fair Value Gap) see that grey box? That is a gap that usually acts like a magnet. Price loves to fill those before continuing the main trend.
Liquidity Check watch out for a potential dip to grab liquidity near $4,289 before the next big leg up.
Final Thoughts
Gold is still the king and the long term looks very bullish. But for this week I am in wait and see mode. I am waiting for a clear reaction around that FVG or a Market Structure Shift on the H1 or H4 charts.
Don't get caught in the liquidity traps guys.
Referensi:
City Index Analysis
Trading Economics
⛔Disclaimer: Not financial advice. Always do your own research before hitting that buy or sell button.