Gold (XAUUSD) – 22 July Outlook | Reversal Zones in FocusGold (XAUUSD) – 22 July Outlook | Three Key Reversal Zones to Watch
Yesterday, Gold gave a strong breakout above the key resistance level at 3377 , shifting the M15 structure bullish and confirming upside strength.
Today, the market is likely entering a retracement phase on both the H4 and M15 timeframes — a healthy pullback after a breakout, which may lead to the next leg of the uptrend.
So where should we focus for long opportunities?
We are observing three key zones as potential bases for the continuation move:
📍 Zone 1 – 3377.6–3373.5 (Breaker Block):
This is the immediate structure zone — previous resistance which may now flip into support.
→ If price respects this area, we can anticipate a classic S&R Flip setup.
📍 Zone 2 – 3367.5–3363 (Demand Block):
If the first level doesn’t hold, this zone becomes critical. It lies just under the breakout base and could act as the next level of defense by bulls.
📍 Zone 3 – 3358.5–3350.5 (H4 Order Block):
This is the most significant support zone for the day. It aligns with a higher-timeframe order block, making it a high-probability POI for a deeper pullback and reversal.
But remember, we do not predict blindly .
Plan of Action:
– Observe price behavior at each zone
– Wait for confirmation via M1 internal structure shifts + BoS
– Trade only when all conditions align
– SL: 40 pips | TP: 120 pips
Risk-Reward: Always 1:3
Summary:
✅ Structure is now bullish on M15 and H4
✅ We’re in a pullback phase — ideal for continuation trades
✅ Three clear POIs mapped — now we wait for the market to speak
Patience. Precision. Discipline.
Let the trade come to you — not the other way around.
📘 Shared by @ChartIsMirror
