↗️GOLD PLAN – 30/06: WILL WE SEE A RECOVERY ON THE LAST DAY OF THE MONTH? ☄️
✅ Macro Context – Focus on USD Debt and Political Pressure
Today marks the final trading day of June, and the U.S. faces a $6 trillion debt maturity from Covid-era borrowings, which may impact USD liquidity and market sentiment.
During the Asian session, gold experienced a sharp drop to the 32xx area before bouncing back and is now hovering near last week's close.
While the medium-term structure remains bearish, short-term signals suggest a potential reversal and recovery.
✅Political Catalyst:
→ Trump is pressuring the Federal Reserve to cut interest rates to 1%-2%, stating he won’t appoint anyone unwilling to ease policy.
→ This raises expectations of future rate cuts, which could support gold prices in the near term.
✅ Technical Outlook – Multi-timeframe Structure
On the higher timeframes, gold continues to correct lower.
However, short-term candles are showing recovery momentum, with buyers absorbing around the 327x zone.
Today’s strategy: prioritize short-term BUY setups aligned with the recovery wave.
✔️Key Resistance & Support Levels
🔺Resistance: 3283 – 3291 – 3301 – 3322
🔻Support: 3277 – 3271 – 3259 – 3247
🔖Trade Scenarios
✅Buy Scalping
🔺Entry: 3272 – 3274
🔹SL: 3268
✔️TP: 3282 – 3288 – 3298
✅Buy Zone
🔺Entry: 3249 – 3251
🔹SL: 3244
✔️TP: 3265 – 3282 – 3295 – 3310
💠Sell Scalping
🔺Entry: 3298 – 3300
🔹SL: 3304
✔️TP: 3292 – 3282 – 3270
💠Sell Zone
🔺Entry: 3327 – 3329
🔹SL: 3333
✔️TP: 3322 – 3310 – 3298 – 3282
⚡️ Final Note
As this is the month-end session, expect possible volatility driven by USD flows and institutional rebalancing.
✅ Macro Context – Focus on USD Debt and Political Pressure
Today marks the final trading day of June, and the U.S. faces a $6 trillion debt maturity from Covid-era borrowings, which may impact USD liquidity and market sentiment.
During the Asian session, gold experienced a sharp drop to the 32xx area before bouncing back and is now hovering near last week's close.
While the medium-term structure remains bearish, short-term signals suggest a potential reversal and recovery.
✅Political Catalyst:
→ Trump is pressuring the Federal Reserve to cut interest rates to 1%-2%, stating he won’t appoint anyone unwilling to ease policy.
→ This raises expectations of future rate cuts, which could support gold prices in the near term.
✅ Technical Outlook – Multi-timeframe Structure
On the higher timeframes, gold continues to correct lower.
However, short-term candles are showing recovery momentum, with buyers absorbing around the 327x zone.
Today’s strategy: prioritize short-term BUY setups aligned with the recovery wave.
✔️Key Resistance & Support Levels
🔺Resistance: 3283 – 3291 – 3301 – 3322
🔻Support: 3277 – 3271 – 3259 – 3247
🔖Trade Scenarios
✅Buy Scalping
🔺Entry: 3272 – 3274
🔹SL: 3268
✔️TP: 3282 – 3288 – 3298
✅Buy Zone
🔺Entry: 3249 – 3251
🔹SL: 3244
✔️TP: 3265 – 3282 – 3295 – 3310
💠Sell Scalping
🔺Entry: 3298 – 3300
🔹SL: 3304
✔️TP: 3292 – 3282 – 3270
💠Sell Zone
🔺Entry: 3327 – 3329
🔹SL: 3333
✔️TP: 3322 – 3310 – 3298 – 3282
⚡️ Final Note
As this is the month-end session, expect possible volatility driven by USD flows and institutional rebalancing.
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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
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.