Gold Trading Plan for Next Week 07/14-18
📉 Technical Analysis:
Gold has broken through the descending trendline on the H4 timeframe, indicating a clear shift in market direction and showing potential for long-term price increase. Last week, gold reacted after touching the gap area from the previous week, and the H4 timeframe closed with a hammer candlestick, strongly suggesting a potential reversal from this area.
📈 Mid-Term Outlook:
From a mid-term perspective, we continue to prioritise a buy strategy, as the upward trend is likely to continue into the upcoming week. With current signals, gold has the potential to rise further.
📰 Important News:
Next week, the US CPI and PPI data will be released, which are crucial for the market to monitor. These reports could influence the Fed's monetary policy decisions, significantly impacting gold price volatility.
🔻 Key Price Levels to Watch for Next Week:
Buy Zone 3344-3350: This is a strong support area and could provide a good opportunity for buying if the price retraces to this level.
Buy Zone 3315-3320: This area is also likely to present a good buying opportunity.
⚠️ Note:
I will update you daily with detailed insights to track the price movements and help you take advantage of trading opportunities. Get ready for a successful trading week!
Wishing you successful trading next week!
📉 Technical Analysis:
Gold has broken through the descending trendline on the H4 timeframe, indicating a clear shift in market direction and showing potential for long-term price increase. Last week, gold reacted after touching the gap area from the previous week, and the H4 timeframe closed with a hammer candlestick, strongly suggesting a potential reversal from this area.
📈 Mid-Term Outlook:
From a mid-term perspective, we continue to prioritise a buy strategy, as the upward trend is likely to continue into the upcoming week. With current signals, gold has the potential to rise further.
📰 Important News:
Next week, the US CPI and PPI data will be released, which are crucial for the market to monitor. These reports could influence the Fed's monetary policy decisions, significantly impacting gold price volatility.
🔻 Key Price Levels to Watch for Next Week:
Buy Zone 3344-3350: This is a strong support area and could provide a good opportunity for buying if the price retraces to this level.
Buy Zone 3315-3320: This area is also likely to present a good buying opportunity.
⚠️ Note:
I will update you daily with detailed insights to track the price movements and help you take advantage of trading opportunities. Get ready for a successful trading week!
Wishing you successful trading next week!
👑 Price Action - Simple Trade System - One Shot One Kill Style
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
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.
👑 Price Action - Simple Trade System - One Shot One Kill Style
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
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.