๐ธ Viewing Tip:
๐ ๏ธ Some layout elements may shift depending on your screen size.
๐ View the fixed high-resolution chart here:

Now that you have got the perfect layout let's dive in...
๐ GOLD Weekly Recap (Week 29) โ MJTrading View
๐ฐ Timeframe: 15min chart with bi-weekly perspective
๐ Period Covered: July 14โ18 (Week 29)
๐ฏ Visual Framework: Leg structure, range boundaries, liquidity sweeps, trendline holds, and Real Value Zone.
๐น Weekly Summary
Open: 3,363.33
High: 3,377.77 (๐ด sweep: trapped buyers)
Low: 3,310.00 (๐ด sweep into key demand + touching the main ascending trendline [see previous Analysis and Idea])
Close: 3,349.98~3350 (lovely round level)
Structure: Entire week played inside a broad consolidation range, with sharp but failed breakouts on both extremes.
Range rules applied: traps, sweeps, compression โ everything aligned for responsive trading.
๐ Key Observations
Early Week:
A double-top structure led to rejection from ~3,375 โ slid into 3,350.
Price returned to breakeven but then flushed hard toward 3,320 via a clean 2-leg drop.
Midweek:
After forming a double bottom, price created a tiny liquidity sweep, then exploded to the weekly high.
The move above 3,377.77 was a textbook liquidity grab, immediately rejected.
This led to a slide toward the weekly low, tagging both the trendline and consolidation floor โ forming a false breakout + reversal.
Late Week:
The low at 3,310 was swept cleanly (๐ด), followed by a leg-based reversal:
Leg 1: Up to 3,331
Leg 2: Extended to ~3,360 before fading back inside the range.
Compression:
Price closed inside the Real Value Zone (weekly candle body) โ just under the open, forming a tight wedge, hinting at breakout conditions for Week 30.
๐จ Weekly Candle Body
Open โ Close of weekly candle reflects Real Value Zone .
Highs and lows were swept, but real commitment stayed within the body.
๐งญ Key Levels to Watch โ Week 30
Level Role
3,377.77 Weekly High / Liquidity Sweep (๐ด rejection)
3,363.33 Weekly Open (break & hold = bullish bias) / Previous Weekly High
3,350.00 Micro resistance / Mid-structure cap / Round Level
3,331-3 Leg 2 low & first reaction zone / Round Level
3,320.00 Breakdown support / Flush origin
3,310.00 Weekly Low / Major Demand (๐ด sweep)
3,400.00 Next possible main target
3,282.00 Previous Weekly Low
Dynamics: Both Uptrend and Downtrend Lines...
๐ง MJTrading Notes
Bias remains neutral inside the range.
A break & acceptance above 3,363 could trigger a re-test of the sweep zone (3,377+).
A breakdown below 3,331 puts 3,320 โ 3,310 back on the map then 3,282.
Donโt force direction โ let expansion confirm itself.
๐งญ โIf the structure speaks to you, let it echo.โ
โ MJTrading ๐
#MJTrading #ChartDesigner #GOLD #LiquiditySweep #PriceAction #StructureTrading #Weekly #Chart #Consolidation #2legs
๐ง Psychology always matters:



๐ ๏ธ Some layout elements may shift depending on your screen size.
๐ View the fixed high-resolution chart here:
Now that you have got the perfect layout let's dive in...
๐ GOLD Weekly Recap (Week 29) โ MJTrading View
๐ฐ Timeframe: 15min chart with bi-weekly perspective
๐ Period Covered: July 14โ18 (Week 29)
๐ฏ Visual Framework: Leg structure, range boundaries, liquidity sweeps, trendline holds, and Real Value Zone.
๐น Weekly Summary
Open: 3,363.33
High: 3,377.77 (๐ด sweep: trapped buyers)
Low: 3,310.00 (๐ด sweep into key demand + touching the main ascending trendline [see previous Analysis and Idea])
Close: 3,349.98~3350 (lovely round level)
Structure: Entire week played inside a broad consolidation range, with sharp but failed breakouts on both extremes.
Range rules applied: traps, sweeps, compression โ everything aligned for responsive trading.
๐ Key Observations
Early Week:
A double-top structure led to rejection from ~3,375 โ slid into 3,350.
Price returned to breakeven but then flushed hard toward 3,320 via a clean 2-leg drop.
Midweek:
After forming a double bottom, price created a tiny liquidity sweep, then exploded to the weekly high.
The move above 3,377.77 was a textbook liquidity grab, immediately rejected.
This led to a slide toward the weekly low, tagging both the trendline and consolidation floor โ forming a false breakout + reversal.
Late Week:
The low at 3,310 was swept cleanly (๐ด), followed by a leg-based reversal:
Leg 1: Up to 3,331
Leg 2: Extended to ~3,360 before fading back inside the range.
Compression:
Price closed inside the Real Value Zone (weekly candle body) โ just under the open, forming a tight wedge, hinting at breakout conditions for Week 30.
๐จ Weekly Candle Body
Open โ Close of weekly candle reflects Real Value Zone .
Highs and lows were swept, but real commitment stayed within the body.
๐งญ Key Levels to Watch โ Week 30
Level Role
3,377.77 Weekly High / Liquidity Sweep (๐ด rejection)
3,363.33 Weekly Open (break & hold = bullish bias) / Previous Weekly High
3,350.00 Micro resistance / Mid-structure cap / Round Level
3,331-3 Leg 2 low & first reaction zone / Round Level
3,320.00 Breakdown support / Flush origin
3,310.00 Weekly Low / Major Demand (๐ด sweep)
3,400.00 Next possible main target
3,282.00 Previous Weekly Low
Dynamics: Both Uptrend and Downtrend Lines...
๐ง MJTrading Notes
Bias remains neutral inside the range.
A break & acceptance above 3,363 could trigger a re-test of the sweep zone (3,377+).
A breakdown below 3,331 puts 3,320 โ 3,310 back on the map then 3,282.
Donโt force direction โ let expansion confirm itself.
๐งญ โIf the structure speaks to you, let it echo.โ
โ MJTrading ๐
#MJTrading #ChartDesigner #GOLD #LiquiditySweep #PriceAction #StructureTrading #Weekly #Chart #Consolidation #2legs
๐ง Psychology always matters:



Dagangan aktif
This Monday, BULLS are in charge...๐MJTrading | Private account manager and forex trader;
๐ฑ Join me to grow together๐:
โถ๏ธ๐ด Youtube: youtube.com/@MJTradingYT
โ๏ธ๐ต Telegram: t.me/MJTradingTG
๐ฑ Join me to grow together๐:
โถ๏ธ๐ด Youtube: youtube.com/@MJTradingYT
โ๏ธ๐ต Telegram: t.me/MJTradingTG
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
๐MJTrading | Private account manager and forex trader;
๐ฑ Join me to grow together๐:
โถ๏ธ๐ด Youtube: youtube.com/@MJTradingYT
โ๏ธ๐ต Telegram: t.me/MJTradingTG
๐ฑ Join me to grow together๐:
โถ๏ธ๐ด Youtube: youtube.com/@MJTradingYT
โ๏ธ๐ต Telegram: t.me/MJTradingTG
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.