Gold (XAUUSD) opened today with a bullish gap, and continued the momentum from Tuesday’s breakout above the major downtrendline that had capped the market for weeks. This technical breakout was long-awaited by many traders, and it's now leading us into a potential trend reversal phase — but not without resistance.
Price has now reached a critical resistance zone at 3366, which previously acted as a strong supply area during the last leg of the downtrend. If this level is broken decisively (ideally with a 4H candle close and follow-through), it may signal a clean shift toward a mid-term uptrend, with upside targets at 3379, 3403, and even 3430.
That said, rejection at 3366 has already triggered a minor pullback. We’re now watching the 3343–3351 zone as a potential support and an optimal buy entry area. If this zone holds, it could provide the fuel needed for bulls to continue their push.
🟢 Suggested Trade Plan
BUY LIMIT 3343–3351
Stop Loss 3325
Take Profit 1 3379
Take Profit 2 3403
Take Profit 3 3430
(Alternatively, consider a BUY STOP above 3370 in case of direct breakout)
📌 Market Structure
Resistance 3 3430
Resistance 2 3403
Resistance 1 3382
Pivot 3366
Support 1 3342
Support 2 3322
Support 3 3305
⚠️ Important Macro Alert
Today’s session is highly risky due to the early release of Non-Farm Payrolls (NFP) data, which is scheduled today instead of Friday because of the U.S. Independence Day (July 4) holiday tomorrow.
This brings a major volatility spike risk during the New York session. Manage your position size wisely, avoid emotional trades, and wait for solid confirmations.
Discipline beats prediction. Trade what you see — not what you feel.
Keep healthy so we can keep trading and we can keep on profiting.
Price has now reached a critical resistance zone at 3366, which previously acted as a strong supply area during the last leg of the downtrend. If this level is broken decisively (ideally with a 4H candle close and follow-through), it may signal a clean shift toward a mid-term uptrend, with upside targets at 3379, 3403, and even 3430.
That said, rejection at 3366 has already triggered a minor pullback. We’re now watching the 3343–3351 zone as a potential support and an optimal buy entry area. If this zone holds, it could provide the fuel needed for bulls to continue their push.
🟢 Suggested Trade Plan
BUY LIMIT 3343–3351
Stop Loss 3325
Take Profit 1 3379
Take Profit 2 3403
Take Profit 3 3430
(Alternatively, consider a BUY STOP above 3370 in case of direct breakout)
📌 Market Structure
Resistance 3 3430
Resistance 2 3403
Resistance 1 3382
Pivot 3366
Support 1 3342
Support 2 3322
Support 3 3305
⚠️ Important Macro Alert
Today’s session is highly risky due to the early release of Non-Farm Payrolls (NFP) data, which is scheduled today instead of Friday because of the U.S. Independence Day (July 4) holiday tomorrow.
This brings a major volatility spike risk during the New York session. Manage your position size wisely, avoid emotional trades, and wait for solid confirmations.
Discipline beats prediction. Trade what you see — not what you feel.
Keep healthy so we can keep trading and we can keep on profiting.
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.