Gold 17/07 – Market Volatile Amid Geopolitical Tensions & Fed Rumors
🌍 Macro Sentiment: Uncertainty Continues
The global gold market opened Thursday with high volatility following headlines that former U.S. President Donald Trump was considering firing Fed Chair Jerome Powell. Though Trump later denied the claim, the initial rumor spiked fear in financial markets.
At the same time:
🇮🇱 Israel launched airstrikes on Syria, escalating regional tensions.
🇪🇺 The EU proposed new tariffs on U.S. imports, increasing global economic friction.
🏦 Inflation concerns persist as BlackRock warns about delayed price pressures from earlier tariff hikes.
📉 These factors have turned gold into a temporary safe haven, but investors should remain cautious as the market is still undecided about direction.
🔎 Technical Outlook – Key Patterns to Watch
The H1 chart reveals price action respecting a wide consolidation range with visible liquidity sweeps on both ends. The market is forming a clean structure of lower highs, hinting at bearish bias unless bulls reclaim upper resistance zones.
Sell-side liquidity has been swept around the 3,320 level.
Order Block Sell Zone remains active at 3,342 – 3,344, potentially leading to a short-term drop.
If price breaks above 3,357 – 3,363 (VPOC & OB zone), a new bullish leg may form.
🎯 Trade Plan for Today
🟩 Buy Opportunity Zone
Entry: 3,312 – 3,310
Stop Loss: 3,306
Take Profits:
→ 3,316 → 3,320 → 3,324 → 3,328 → 3,335 → 3,340 → 3,350
📌 This zone has shown strong demand historically. Look for bullish candle confirmation on the lower timeframe (M15–H1).
🟥 Sell Opportunity Zone
Entry: 3,362 – 3,364
Stop Loss: 3,368
Take Profits:
→ 3,358 → 3,354 → 3,350 → 3,345 → 3,340
📌 This area overlaps with a VPOC level and prior order block – watch for price rejection patterns (e.g., bearish engulfing, fake breakouts).
⚠️ Risk Note
With geopolitical and monetary policy headlines dominating sentiment, price may spike erratically. Avoid overleveraging and always respect your SL/TP.
💬 What’s Your Take?
Do you think gold will break below 3,300 and head toward deeper FVG zones?
Or will bulls regain control and aim for 3,377 liquidity?
👇 Drop your analysis and let’s build the best gold trading community together!
🌍 Macro Sentiment: Uncertainty Continues
The global gold market opened Thursday with high volatility following headlines that former U.S. President Donald Trump was considering firing Fed Chair Jerome Powell. Though Trump later denied the claim, the initial rumor spiked fear in financial markets.
At the same time:
🇮🇱 Israel launched airstrikes on Syria, escalating regional tensions.
🇪🇺 The EU proposed new tariffs on U.S. imports, increasing global economic friction.
🏦 Inflation concerns persist as BlackRock warns about delayed price pressures from earlier tariff hikes.
📉 These factors have turned gold into a temporary safe haven, but investors should remain cautious as the market is still undecided about direction.
🔎 Technical Outlook – Key Patterns to Watch
The H1 chart reveals price action respecting a wide consolidation range with visible liquidity sweeps on both ends. The market is forming a clean structure of lower highs, hinting at bearish bias unless bulls reclaim upper resistance zones.
Sell-side liquidity has been swept around the 3,320 level.
Order Block Sell Zone remains active at 3,342 – 3,344, potentially leading to a short-term drop.
If price breaks above 3,357 – 3,363 (VPOC & OB zone), a new bullish leg may form.
🎯 Trade Plan for Today
🟩 Buy Opportunity Zone
Entry: 3,312 – 3,310
Stop Loss: 3,306
Take Profits:
→ 3,316 → 3,320 → 3,324 → 3,328 → 3,335 → 3,340 → 3,350
📌 This zone has shown strong demand historically. Look for bullish candle confirmation on the lower timeframe (M15–H1).
🟥 Sell Opportunity Zone
Entry: 3,362 – 3,364
Stop Loss: 3,368
Take Profits:
→ 3,358 → 3,354 → 3,350 → 3,345 → 3,340
📌 This area overlaps with a VPOC level and prior order block – watch for price rejection patterns (e.g., bearish engulfing, fake breakouts).
⚠️ Risk Note
With geopolitical and monetary policy headlines dominating sentiment, price may spike erratically. Avoid overleveraging and always respect your SL/TP.
💬 What’s Your Take?
Do you think gold will break below 3,300 and head toward deeper FVG zones?
Or will bulls regain control and aim for 3,377 liquidity?
👇 Drop your analysis and let’s build the best gold trading community together!
Note
Massive win! Our SELL entry at 3342 OBS ZONE + CP Pattern hit full TP for +320 pips.Perfect rejection → clean follow-through.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.