Gold Trade Plan 18/07/2025

182
Dear Traders,

Gold (XAUUSD) – Short-Term Outlook – July 18, 2025

Price is currently moving within an ascending channel and approaching a key resistance zone around 3355–3360, highlighted in red. This zone has acted as previous supply (marked with red arrows), and we anticipate potential bearish reaction from here.

As long as price fails to break and hold above 3375, we remain bearish near the top of the range, with short opportunities targeting the mid-range (~3340) and possibly the bottom of the channel (~3315–3320).

If price breaks above 3375 with strong momentum and closes above it, the bullish breakout scenario becomes active, invalidating the short setup.

📌 Strategy:

Watch for bearish confirmation in the resistance zone

Sell near the top, targeting lower range levels

Invalidation: Break and close above 3375

Regards,
Alireza!

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.