Gold Setting Up for Weekly Low Sweep – Watching 3650s

Gold has stalled out at the highs this week and is showing signs of exhaustion after a strong 2-week bullish run. Thursday’s close left us hovering just above key support in the 3650s.

For Friday, I’m watching for a break and close below yesterday’s low on the 1H chart. If we get that confirmation, I’ll be looking for continuation shorts targeting Monday’s low and potentially the 8HR FVG around 3600–3620 to close out the week.

If bulls defend this level again, then the range may extend — but the cleaner move is down into untested imbalances below.

This sets up Friday as a key day:

✅ Break yesterday’s low = downside liquidity run in play

❌ Hold support again = chop/range into next week