Gold Trading Strategy | July 9-10✅Yesterday, gold prices briefly surged due to heightened safe-haven demand, but we remained skeptical about the sustainability of the rebound and continued to uphold our strategy of shorting at higher levels. As expected, gold eventually moved lower, breaking below the previous day's low and establishing a bearish continuation pattern. Our bearish outlook was confirmed by market action.
✅In terms of price structure, although gold saw a moderate rebound during the latter part of the U.S. session, the momentum was weak, indicating that strong resistance remains overhead. The market continues to exhibit a bearish tone, so today’s strategy remains unchanged—waiting for a rebound to resume short positioning.
✅Technical Analysis:
🔸Daily Chart: Gold remains in a state of high-level consolidation with signs of momentum exhaustion. Yesterday’s price action saw resistance near the 3345 level once again, followed by a pullback. Although it temporarily broke below 3300, the price later recovered, reflecting a tug-of-war between bulls and bears. The candlestick pattern shows alternating bullish and bearish candles, lacking sustained direction, and no clear single-sided trend has emerged yet.
🔸4H Chart: Gold continues to trend lower in a step-like, descending pattern. The recent high at 3345 marks a lower high, and current resistance is forming near the downtrend line and the midline of the Bollinger Bands—around 3333 and 3320. Price action suggests high probability of rejection in this zone. We recommend continuing to short near resistance, with the next target at the 3255 level. The overall structure remains a slow, choppy downtrend.
🔸1H Chart: The bearish trend persists with new local lows being formed. Moving averages are aligned in a clear downtrend formation with strong bearish momentum. After breaking below 3313 yesterday, a minor rebound failed to hold, confirming 3313 as a key resistance level. Now, early trading is facing pressure near 3315, suggesting a good area to look for short entries.
🔴Key Resistance Zone: 3315–3320
🟢Key Support Zone: 3287–3275
✅Trading Strategy Reference:
🔻Short Strategy:
🔰Enter short positions in the 3313–3315 area in multiple entries.
🔰Stop loss: 8–10 USD
🔰Target: 3300–3285, with potential extension toward 3275 if support is broken.
🔺Long Strategy:
🔰Consider long positions in the 3275–3278 range with staggered entries.
🔰Stop loss: 8–10 USD
🔰Target: 3290–3300, with further upside potential toward 3305 if resistance breaks.
🔥Note: Trading strategies are time-sensitive. For more accurate and real-time Trading Signals, feel free to contact me directly.
Chart Patterns
Bullish bounce off major support?US Dollar Index (DXY) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 97.14
1st Support: 96.74
1st Resistance: 98.08
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XAUUSD Pre-FOMC SMC Setup This is a Smart Money Concept (SMC) based bullish setup on XAUUSD (Gold) ahead of the upcoming FOMC statement release. The idea builds on internal liquidity grabs, break of structures (BOS), and refined entry from a high-probability H1 bullish order block.
🧠 Price Action Narrative:
Price formed multiple Market Structure Shifts (MSS) and Breaks of Structure (BOS) following a mitigation of the higher H1 OB.
The final BOS to the upside was preceded by a sweep of short-term sell-side liquidity (marked as “$$$”), confirming bullish intent.
Price tapped into a refined H1 Order Block (OB) at ~3295.552, which also aligns with a previously unmitigated demand zone.
Clean reaction seen with strong bullish momentum pushing toward the next H1 Supply Zone (H1 SP).
🧩 Key SMC Zones:
H1 OB Entry Zone: ~3295.552
H1 SP Target Zone: 3318–3324
Invalidation Below: 3283.643 (OB low)
🕓 FOMC News Impact:
The FOMC statement in 15 minutes adds volatility potential. The bias remains bullish unless price invalidates the H1 OB. However, news-driven momentum could:
Accelerate the move into the H1 SP zone.
Induce a liquidity sweep before the actual push.
Temporarily fake out and then return to internal structure.
🎯 Trade Management Considerations:
Risk should be adjusted accordingly due to upcoming high-impact news.
Aggressive TP near the H1 SP.
Conservative traders may want to monitor how price reacts at MSS or internal resistance zones.
Bearish reversal off 78.6% Fibonacci resistance?USD/JPY has rejected off the resistance level that is slightly below the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 146.60
Why we like it:
There is a resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 147.95
Why we like it:
There is a pullback resistance level.
Take profit: 145.21
Why we like it:
There is a pullback support that is slightly below the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
short for gbpusdLooking at the daily time frame for gbpusd, I am bearish and belive we will attack that sellside this week or next week. Lets break this down.1st PDAY array- We have a breaker that is failing to hold price, we could see that breaker act an an inversion. The second PD array that is failing is that discount daily fvg, we are hovering on it, but it has provided no bounce, indicating weakness. DXY also looks solid, and out of eurusd pr gbpusd, pound is the one to be shorting right now. If you look at the eurgbp chart, eur has been stronger that gbp.
Bearish drop off pullback resistance?USD/CHF is reacting off the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.7959
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.7986
Why we like it:
There is a pullback resistance that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.7900
Why we like it:
There is a pullback support.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SPX - This IS the TOPA three day test of the high is as obscure as it can get, especially when I hear on tv that there is near certainty that every dip is a buying opportunity. We have enough for the move to count as a wave 5. The next move down should be a doozy. I'd be happy with a few down days with the intense resiliancy of stocks. Too much money in the system. Can prices go to infinity?
4-Hour Chart Strategy: Sell High, Buy Low Within 3280-3325 RangeBased on the 4-hour analysis 😎, today's short-term resistance above focuses on the hourly top-bottom conversion level around 3318-3324 🚫. If there's an intraday rebound leaning on this zone, first go short to target a pullback ⬇️. The short-term support below is around 3280 🔍. Overall, rely on the 3280-3325 range to maintain the main strategy of "shorting at highs and buying at lows" in cycles ✅. For prices in the middle of the range, always watch more and act less 👀, be cautious of chasing orders 🚫, and wait patiently for key levels to enter positions 🕙
Strategy:
🚀 Buy @3280 - 3285
🚀 TP 3290 - 3295 - 3305
🚀 Sell @3320 - 3315
🚀 TP 3310 - 3305 - 3295
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇