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Gold
Monday gold is on a very accurate map.
The chart here is more than just green and red candles. The charts here tell the story of volume, deltas, acceptances and rejections.
I mean, don’t ask: Is gold going up or down?
A more correct question is:
Where is the market before price?
Where does the seller show up?
Where do buyers pay?
Where is the movement strong and where is the pressure only weak?
The current price is around 4708. This area is not a normal area. It’s a clear war zone between lower acceptance and higher allocations, which remains a pressure factor on prices.
The entire map is located on two levels:
4705 as a buyer’s defense zone.
4719 serves as the acceptance gate for Ascension.
If you continue to hold 4705, gold still has a chance to recover.
If 4719 is accepted, the rise will remain strong and clean.
But if 4700 is acceptable, the market will still open a bottom reset path.
overall view
The golden weekly structure has not yet been completely broken. I mean, overall, gold is still bullish, but the daily footprint suggests that the current move is not a clean bullish surge.
The markets we face are:
Assemble below.
the above distribution.
and a text control area.
This means that the first candle on Monday is not necessarily true.
After acceptance and retesting, the truth will emerge.
What does the volume profile say?
The northern area of higher volume suggests that the market has done a lot of work above current prices, especially around the upper price area.
That means the area may still be attractive if buyers can regain control. But it may also remain an offer and resistance if the price reaches a certain level without real acceptance.
This is why areas 4790/4820 are important on the big map, but they are not direct targets for Monday.
Before we consider the broad scope above, gold must first resolve the battle at hand:
4705 Defense.
4714 First test.
4719The real admission portal.
4727 First promotion.
4736 Stronger recovery rack.
lower entrance area
The most important defense level prices below:
4706.92
4705.11
4700.89
4698.55
This is a real-time control area.
As long as gold remains above 4706.92/4705.11, repair attempts remain.
Why task 4705?
Because this is the lower edge of the area that the market is trying to defend. If buyers are willing to digest the sell-off there, price could pull back and test 4714 and then 4719.
But if 4705 fails and the price is below 4700.89, the reading will change.
At that point, the market was no longer healthy.
At that time, the market will begin to open a new downward ladder.
4700 is a wake-up call
4700.89 is a point below which things remain more dangerous for buyers.
Just the tail below 4700 is not enough.
What matters is that price accepts below it and then fails and returns above it.
If this happens, the descending ladder will open in one direction:
4694.20
4690.18
4686.16
4681.81
4673.44
Below them, the 4657.69 level is the preferred reference level for deeper liquidity. It’s not an automatic target, but it’s a danger zone if the pressure builds up.
Supply area is higher than price
After price, the first and most important aspect is:
4714.08
This is the first test for buyers.
If gold is received and rejected, this is not upward promotion. This means the seller is still defending the higher offer.
But the real gateway is:
4719.71
Why 4719 tasks?
Because above 4719, gold is no longer just a rebound from below. It’s starting to prove that buyers are willing to accept prices higher than nearby supply areas.
If 4719.71 is accepted and the retry is successful, the ascending ladder will still open in one direction:
4723.66
4727.61
4732.50
4736.05
4740.40
If momentum stays strong and value migrates upward, we could look at:
4749.87
4762.35
But these are not automatic targets.
Acceptance must continue and the movement must be supported by clear scale and actions.
Reading volume and incrementality: When are sales strong and when are sales weak?
This is the most important part of the trail.
Trading volume on Friday was approximately:
1.11M
Thursday’s content is:
1.31M
This means that trading volume on Friday was about 15% lower than Thursday.
This is a very important number.
Because if the market enters another strong sell-off, we would expect to see higher volumes, or at least a large and noticeable negative delta.
But what happened on Friday was that the delta value was slightly negative:
-4.59K
The percentage is approximately:
-0.41%
That means less than half of today’s total.
This means that despite pressure or weakness in prices, Friday was not a violent selling day.
There is a seller, but he does not have strong control.
Thursday was a little different.
Volume was higher on Thursday, around 1.31 million units, and Delta was positive:
+12.68K
By About:
+0.97%
This means there is clear buying today, even if the candlestick shape is not entirely comfortable.
As for the actual sales day earlier this week, it’s a completely different story.
Trading volume is close to:
1.17M
But Delta is seriously negative:
-99.05K
By About:
-8.47%
This is the difference between normal pressure and actual selling pressure.
On a strong down day, volume was present, delta was clearly negative, and sellers were really stressed.
As for Friday, the volume is lower, the negative delta is very weak, and the market is closer to a calm or retest than a new sell-off collapse.
Conclusions on volume and delta
Real selling must be reflected in trading volume and delta.
If the price falls and the delta is weak, then we must be careful that the move could be temporary pressure or a retest.
If the price is above the weaker defensive zone of the Delta, the possibility of absorption remains.
This explains why 4705 is so important.
Because this is a testing area: Is this weakness just a temporary stress? Isn’t this the beginning of true rest?
He also explains why 4719 is so important.
Because this is where buyers must confirm that absorption has turned into bullish acceptance.
High traffic areas and low traffic areas
High volume areas mean the market is ahead of the price there.
It often acts as a magnet or war zone.
As for the lightweight area, it is a market place where there are not many stops.
If an acceptable breakout occurs, price may move quickly during this period.
Its meaning is simple:
If gold prices break above 4719, it may rise layer by layer.
If gold prices fall below 4700, the shelves can be moved below.
The mistake here is that we just trust any candle.
Footprints said:
Don’t trust impulse.
Trust acceptance.
Monday scene
Bullish scenario:
Gold maintained 4706.92/4705.11.
Then revert to 4714.08.
It then accepts above 4719.71.
Then retest and pass.
If this happens, the ascending ladder will remain:
4723.66
4727.61
4732.50
4736.05
4740.40
The rise remains relatively smooth only above 4719.71 and with clear acceptance.
Bearish scenario:
Gold failed to hold 4706.92/4705.11.
Then accept below 4700.89.
Then the retest was rejected.
If this happens, the descending ladder will remain:
4694.20
4690.18
4686.16
4681.81
4673.44
Below 4694.20, the reset is still deeper.
Rotating scenes:
If gold prices remain between 4705 and 4719, then the market is not moving in a clean direction.
Balfe stayed in the control zone.
In this case, the best reading is from both sides:
My defense is below 4705.
Rejected from above around 4714/4719.
As for the pursuit in the central region, it is the weakest implementation method.
final reading
Gold still hasn’t lost bottom auction.
But we still don’t have an outright bullish breakout.
Above 4705, reform is still in progress.
Above 4719, the increase is getting higher and higher.
If it falls below 4700, the risk of reset increases.
If it falls below 4694 points, a deeper decline is about to begin.
The most important thing is:
Volume on Friday was about 15% lower than Thursday, and the negative delta was very weak.
This makes Monday’s reading dependent on acceptance and not just the candle shape.
If buyers hold 4705 and reclaim 4719, the chart could move higher.
If sellers reject 4714/4719 and push the price below 4700, the chart will open for a reset ladder.
This is the complete map.
Education analysis only.
It is not financial advice, investment advice, or trading signals.
Each trader is responsible for their own decisions, risk management and execution.