Market Snapshot
- Current Price: $3,386
- Previous Day High (PDH): $3,394
- Previous Day Low (PDL): $3,367
- Key Intraday Levels:
- Resistance: $3,394 (PDH)
- Support: $3,367 (PDL) | $3,375 (intraday support)
Gold is consolidating between PDH and PDL after rejecting near the $3,394 zone in the Asian session. The structure shows bullish momentum from earlier in the week but signs of exhaustion near resistance.

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Smart Money Structure
- Market structure remains bullish, with higher highs formed into PDH.
- Price rejected PDH in Asian session, now retracing back toward support.
- Fair Value Gap (FVG) from the London session of Aug 23 continues to act as a demand zone.
Key zones:
- Premium Zone: Above $3,390 → likely liquidity sweep area.
- Discount Zone: $3,375–$3,367 → possible accumulation.
Session Outlook
- Asian Session: Swept PDH ($3,394), failed to sustain above. Rejection shows supply at highs.
- London Session: Potential retracement lower to rebalance into $3,375–$3,367 support.
- New York Session: Watch for liquidity hunt below London low, then possible reversal back toward PDH.
Market Drivers & News Outlook
- US Dollar Index (DXY) remains rangebound, awaiting US macro data.
- US Treasury yields stable, limiting strong USD rallies.
- Markets eye upcoming US GDP revision (tomorrow) and Fed speakers later today → volatility risk.
Trade Plans
- Bullish Scenario 🟢
- Wait for a liquidity sweep into $3,375–$3,367 zone (London low / PDL).
- Look for bullish confirmation (market structure shift) to re-target PDH ($3,394).
- TP1: $3,386 (mid-point), TP2: $3,394 (PDH).
- Bearish Scenario 🔴
- If price fails to hold $3,375 and breaks $3,367 decisively → expect deeper retracement.
- Next downside targets: $3,352 → $3,340 liquidity pools.
Final Bias – ICT Narrative
Bias is bullish to neutral.
Gold is consolidating near PDH after a strong bullish run. A retracement into discount zones ($3,375–$3,367) is healthy before continuation higher. New York session will be critical — a sweep of London lows may provide the long setup to re-test PDH.

