XAUUSD 7/20/2025
XAUUSD 4 hour Long Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
GOLD,GOLD,GOLD. This thing has been bullish on all timeframes and doesn’t really show any signs of stopping just yet.
We can see two scenarios for the week ahead so let’s dive in:
Bullish continuation - Price action on gold is breaking out of a descending triangle pattern. This is a strong bullish move but for us to consider trades we want the confirmation.
Look for a retest of our 61.8% fib level and mostly recently broken structure. If we can spot bullish conviction coming off this level we can then consider targeting higher resistance levels like 3.395.000. Our -27% fib level lines up with this zone as well.
Bearish Reversal - For us to consider Gold bearish again we would need to see something very convincing. If we did see a break below 3,320.000 with a confirmed lower high I would then consider short scenarios.
Look to target toward major support levels on the way down to 3,225.000, our next monthly support zone.
XAUUSD 4 hour Long Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
GOLD,GOLD,GOLD. This thing has been bullish on all timeframes and doesn’t really show any signs of stopping just yet.
We can see two scenarios for the week ahead so let’s dive in:
Bullish continuation - Price action on gold is breaking out of a descending triangle pattern. This is a strong bullish move but for us to consider trades we want the confirmation.
Look for a retest of our 61.8% fib level and mostly recently broken structure. If we can spot bullish conviction coming off this level we can then consider targeting higher resistance levels like 3.395.000. Our -27% fib level lines up with this zone as well.
Bearish Reversal - For us to consider Gold bearish again we would need to see something very convincing. If we did see a break below 3,320.000 with a confirmed lower high I would then consider short scenarios.
Look to target toward major support levels on the way down to 3,225.000, our next monthly support zone.
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.
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.