XAUUSD: Gold Moves Sideways, Awaiting Key Economic DataXAUUSD: Gold Moves Sideways, Awaiting Key Economic Data – Correction or Continued Uptrend?
🌍 Macro Overview – Waiting for CPI Data from the US
At the moment, Gold is trading in a wide sideways range between the 3x and 4x price levels, while traders are awaiting key economic data this week from USD, GBP, AUD, and EUR.
📊 Important Economic Data Today:
US CPI Report will be released during the US session today, making it one of the most important reports of the month.
CPI forecast is at 0.3%, which is considered positive for the US economy.
This report is expected to align with the recent Nonfarm data, and could lead to significant price movements upon release, potentially helping to adjust liquidity in the market.
🔍 Technical Analysis – Current Trend with Key Resistance Levels
The current trend remains bullish, but the movement on higher timeframes isn’t as pronounced.
Key resistance levels are located around 337x to 339x, where selling pressure is currently strong.
If price breaks through these levels, Gold could find support and move towards 3400.
📈 Short-Term Forecast:
A pullback to around 333x is expected, offering a good buying opportunity.
Looking further, 331x is a potential target, as the price range remains quite wide.
🎯 Trading Strategy for Today
🟢 BUY ZONE:
Entry: 3331 – 3329
SL: 3325
TP: 3335 → 3340 → 3345 → 3350 → 3360 → 3370 → ????
🔴 SELL ZONE:
Entry: 3392 – 3394
SL: 3398
TP: 3388 → 3384 → 3380 → 3376 → 3370
⚠️ Important Notes:
Watch for support and resistance levels to set up scalping trades that align with the current market trend.
Always set SL and TP to protect your account and avoid FOMO when there’s no clear confirmation for entry.
The 3350-3347 range is a key zone to look for buy opportunities.
💬 What’s your take on Gold’s movement today? Do you think it will break the resistance or will we see further correction? Share your thoughts in the comments below and join the discussion with fellow traders!
👉 If you want more daily updates and to participate in live discussions, don’t forget to follow and join our community! Let’s take advantage of these market opportunities together.
Goldtrading
Two lines of defense for bulls: 3340 and 3330 are the key!Gold maintains a strong pattern in the short term, and it is recommended to mainly buy on dips. The short-term support below focuses on the neckline of the hourly line at 3340 last Friday. The more critical support is locked at the 3330 line. This range is an important watershed for judging the continuation of short-term bullish momentum. As long as the daily level can remain stable above the 3330 mark, the overall trend will remain upward. Before falling below this position, we should adhere to the idea of buying low and buying low, and rely on key support levels to arrange long orders. At present, the price has completed a technical breakthrough and broke through the upper edge of the 3330 convergence triangle under the dual positive factors of Trump's tariff landing to stimulate risk aversion and the support of the Fed's interest rate cut expectations, and formed three consecutive positive daily lines. It is necessary to pay attention to the short-term pressure at the 3375 line. The overall operation strategy will be combined with the real-time trend prompts during the trading session, and pay attention to the bottom in time.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We started the week with our Bullish target 3364 HIT, followed with no ema5 lock confirming the rejection. Bearish target remains open and may complete with the rejection.
We will continue with our plans to buy dips, utilising the support levels from the bearish targets and/or Goldturns. Also keeping in mind our 1h chart, although gave a nice push up , the full Bullish gap remains open.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3364 - DONE
EMA5 CROSS AND LOCK ABOVE 3364 WILL OPEN THE FOLLOWING BULLISH TARGETS
3429
EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET
3499
EMA5 CROSS AND LOCK ABOVE 3499 WILL OPEN THE FOLLOWING BULLISH TARGET
3561
BEARISH TARGETS
3297
EMA5 CROSS AND LOCK BELOW 3297 WILL OPEN THE SWING RANGE
3242
3171
EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE
3089
3001
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold rises strongly, aiming for a new high!Last Friday, gold continued to rise strongly, breaking through 3320 in the Asia-Europe session and accelerating its rise. The European session broke through the 3340 mark continuously. The US session broke through 3369 and then fell back. The daily line closed with a big positive line. It broke through the high for three consecutive days and returned to above 3360. The unilateral bullish pattern was re-established. Today, the gold price jumped high and broke through 3370 and then fluctuated at a high level. Although it rushed up, the strength was limited. It must be adjusted after a short-term retracement before it can continue to rise. Therefore, in terms of operation, we continue to maintain the main idea of retreating and multiplying. Pay attention to the 3340-3345 area for short-term support during the day, and look at the 3330 line for strong support. If it does not break, it will continue to be a good opportunity to buy low and do more. Taking advantage of the trend is still the current main tone. As long as the daily level does not break 3330, the bullish structure will not be destroyed.
🔹Support focus: 3340-3345, key support level 3330
🔹Resistance focus: 3380-3393 area
1️⃣ If the price falls back to 3340-3350, a light long position will be intervened, with the target of 3365-3370. A strong breakthrough can see a new high;
2️⃣ If the price rises to 3380-3393 and is under pressure, a short-term short position adjustment can be tried, with a short-term target of around 3360.
The specific real-time points and position arrangements will be updated at the bottom. Interested friends are advised to pay attention to my strategy tips in a timely manner and seize every opportunity reasonably.
Early Week Pullback Ahead of Key Economic ReleasesGold Outlook – 14 July | Early Week Pullback Ahead of Key Economic Releases
🌍 Market Sentiment & Macro Overview
Gold has started the week with a sharp retracement after filling prior liquidity gaps (FVG) from the past two weeks.
This early weakness signals a risk-off tone as traders adopt a cautious stance ahead of a heavy macroeconomic calendar and geopolitical trade discussions.
This week’s high-impact events include:
📌 US CPI (Inflation Data)
📌 US PPI (Producer Prices)
📌 Unemployment Claims
📌 Retail Sales Figures
These data points will likely set the tone for price action through the second half of the week, with potential for sharp moves in gold.
📉 Technical Snapshot – M30 Chart Structure
Price swept minor liquidity above recent highs
Pulled back by more than $15 from the short-term top
Currently trading below the intraday VPOC (~3358), suggesting short-term bearish momentum
If the selling pressure holds, we may see a move toward:
⚠️ 333x zone — initial liquidity pool
❗ 332x zone — deeper liquidity grab before any bullish reversal
🧭 Trading Plan – Key Zones and Setup
📥 Buy Setup: 3331 – 3329 (Zone of Interest)
Stop Loss: 3325
Target Levels:
TP1: 3335
TP2: 3340
TP3: 3344
TP4: 3350
TP5: 3360 – 3370
✅ A highly reactive zone — ideal for intraday long setups if price sweeps into this area and shows bullish confirmation (e.g., volume spike or rejection wick).
📤 Sell Setup: 3393 – 3395 (Resistance Re-Test)
Stop Loss: 3399
Target Levels:
TP1: 3390
TP2: 3386
TP3: 3382
TP4: 3378
TP5: 3374 – 3370 – 3360
📉 Potential scalp zone if price retests resistance with signs of exhaustion. Monitor closely for bearish structure confirmation.
📊 Key Support & Resistance Levels
Resistance Zones:
3358
3368
3374
3394
Support Zones:
3349
3340
3331
3318
These zones remain relevant for both momentum trades and reversion setups.
⚠️ Strategy Considerations
At the time of writing, gold is trading indecisively around the M30 VPOC. No clear breakout has occurred yet.
⏳ Wait for volume confirmation during the London session
🚫 Avoid impulsive entries based on emotions or FOMO
✅ Stick to your risk parameters and let price come to your level
🧠 Summary & Bias
Gold is experiencing an early-week technical correction after recent strength.
The market is in "wait-and-see" mode, with macro drivers likely to dictate direction from mid-week onwards.
📍 Watch the 3331–3329 zone closely — it remains the most attractive level for long setups.
📍 The 3393–3395 zone is a key area to fade strength if price struggles at resistance.
Patience and precision are key this week. Let the market reveal its intention, and trade accordingly.
It is the right time to go long after the shock and adjustmentGold opened higher at 3364 today, and after a brief surge to 3374, it entered a stage of shock and retracement. Our plan to arrange short orders near 3370 was successfully implemented, and we stopped profits in batches in the 3360-3355 range, making short-term profits. Overall, although it jumped higher due to the stimulus of news such as the increase in tariffs over the weekend, the momentum of the surge is limited, and the technical side still needs to retrace to digest the gains.
At present, the market has returned to the technical rhythm. The key support refers to the breakthrough point of 3340-3345 last Friday. Further exploration will look at the strong support of 3330. The overall rhythm is still mainly to arrange long orders near the low support, and going with the trend is the key. As long as the 3330 support is not broken, the daily line structure will still maintain a strong bullish trend. Do not blindly chase the short position. The operation of short orders against the trend needs to be particularly cautious. I will promptly remind you of the specific operation strategy according to the changes in the market. You can pay attention to the bottom notification. It is recommended that you keep paying attention and respond to the market rhythm steadily.
Reference for gold operation strategy: Go long on gold near the 3345-3355 area, target the 3365-3370 line. If it breaks above 3370, you can continue to hold and hope for further continuation.
The 3400 mark will be the key for next week!Gold has been up and down this week, and the shock wash has intensified. It bottomed out and rebounded at 3282, and then steadily pulled up. After a slow rise to 3368 on Friday, the retracement was limited, and finally closed at 3355. So can gold be expected to be strong? Is it possible to reach 3400 next week? From the trend point of view, it is too early to say that it will turn strong. 3400 is an insurmountable barrier. Only by breaking through 3400 can we see a stable strong bull. If it is suppressed below 3400, the bulls will not be stable and may fall back at any time. We can only see large range fluctuations. From the overall trend point of view, gold is currently fluctuating widely in the large range of 3250-3400. It is safe to buy below 3300, and it is easy to go up. After all, it is still upward in the long run. Next week, we will focus on the gains and losses of the 3400 mark. It is not recommended to chase the high position directly on Monday. On the one hand, the interruption of the market after the weekend holiday can easily cause discontinuous rise. In addition, after three consecutive positive lines on the daily line, there will either be a negative correction and a fall, or a large positive volume. Combined with the current trend and rhythm of gold, be careful of a high-rise fall, and it is easy to get trapped by chasing long positions at high positions. Don't feel that it will soar as soon as it rises, and the high point of 3500 seems to be within reach; don't feel that it will fall sharply as soon as it falls, and the 3000 mark is not a dream. We should stay away from those who sing long when it rises and sing short when it falls. The direction is not because you see it, so you believe it, but because you believe it, so you see it. There will always be a time when you chase the rise and sell the fall and you will return with nothing.
Moreover, the high point of 3365 has not formed a substantial break and stabilized. On Monday, we still need to focus on the gains and losses of this position, so we need to look at it from two aspects:
1. If it rises directly at the opening, pay attention to the pressure near 3370-3380 and you can go short, and the target is 3350-3340!
2. If the market falls back at the opening, go long around 3340-3330, with the target above the high point of 3360-3368.
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3381 and a gap below at 3353. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3381
EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGETS
3416
EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
BEARISH TARGETS
3353
EMA5 CROSS AND LOCK BELOW 3353 WILL OPEN THE FOLLOWING BEARISH TARGET
3328
EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET
3305
EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE
3288
3259
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3364 and a gap below at 3297. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3364
EMA5 CROSS AND LOCK ABOVE 3364 WILL OPEN THE FOLLOWING BULLISH TARGETS
3429
EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET
3499
EMA5 CROSS AND LOCK ABOVE 3499 WILL OPEN THE FOLLOWING BULLISH TARGET
3561
BEARISH TARGETS
3297
EMA5 CROSS AND LOCK BELOW 3297 WILL OPEN THE SWING RANGE
3242
3171
EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE
3089
3001
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART ROUTE MAPHey Everyone,
Daily Chart Follow Up – Structure Still in Full Control
Just a quick update on our daily structure roadmap. Price continues to respect our Goldturn levels with surgical precision.
After the previous bounce off 3272, we’ve now seen over 800 pips of upside follow through. That level once again proved its weight, holding beautifully as support and launching price firmly back toward the upper boundary.
We now have a clear gap overhead at 3433, which sits right near the channel top a familiar rejection zone. With that in play, we’re expecting a range bound dynamic to develop between 3272 and 3433 in the short term.
Here’s what we’re focusing on next:
Range scenario active:
Until price breaks out cleanly, we anticipate swings between 3433 resistance and 3272 support to play out. This is the working range for now.
EMA5 cross and lock:
Watch for a clean EMA5 break and lock, this will be our technical confirmation for whether we’re breaking out of this range or just ping ponging inside it.
Structure remains intact:
No EMA5 breakdown off 3272 during the recent test means buyers remain in control. Until that changes, dips into 3272 continue to offer structured long setups.
Key Levels This Week
Support 3272 Proven bounce zone. As long as this holds, the structure favours upside.
Resistance 3433 Open gap + channel top confluence; expect reaction and potential fade unless we break cleanly with EMA5 confirmation.
As always, we continue to let structure guide the way, measured, deliberate, and data-driven.
Thanks again for all the continued support, every like, comment, and follow is truly appreciated.
Wishing you all a focused and profitable week ahead!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea.
Price delivered the rejection at the channel top, so our longer range gap at 3482 remains open overhead. The pullback rejection from channel top extended to 3281 axis precisely where buying interest stepped in, just before the rising channel mid-line, which is edging higher in tandem with price and keeping the broader structure intact.
Key take aways from the latest swing:
Support confirmed:
3281 held on a weekly closing basis, giving us the springboard we needed.
Bounce in motion:
We’ve already reclaimed the prior pivot zone and are now working on the 3387 gap fill; this is the near-term magnet before any attempt at the larger 3482 imbalance.
Structure unchanged:
The channel is still orderly, the EMA5 has curled but hasn’t locked bearishly, and the mid-line continues to ascend beneath price, favouring a measured, step wise climb.
Updated Levels to Watch:
Immediate Support 3281 Proven axis support
Resistance 1 3387 Gap fill target in progress; expect reaction.
Resistance 2 3482 Long standing weekly gap remains the bigger picture objective.
Plan: While 3281 holds, bias remains for a grind higher toward 3387 and ultimately 3482. Should 3281 fail, we reassess at the mid-line for the next structured long setup.
We remain patient and continue reacting to clean structure backed opportunities.
Mr Gold
GoldViewFX
GOLD (XAUUSD): Another Bullish Pattern
Gold perfectly respected a rising trend line on a daily and
bounce from that, as I predicted earlier.
I see a strong bullish pattern on that now.
The price formed a cup & handle pattern and closed
on Friday, testing its neckline.
The next bullish confirmation that you should look for is its breakout.
Daily candle close above 3367 level will provide a breakout validation.
A bullish continuation will be expected then.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Xauusd Up Gold stabilizes near $2,030, eyes on FOMC Minutes
Gold clings to marginal daily gains at around $2,030 on Wednesday after closing the first two days of the week in positive territory. The benchmark 10-year US Treasury bond yield edges lower ahead of FOMC Minutes, helping XAU/USD hold its ground.
From a technical perspective, sustained strength and acceptance above the 50-day SMA will set the stage for an extension of the recent recovery from the $1,984 region, or a two-month low touched last week. Given that oscillators on the daily chart have been gaining positive traction, the Gold price might then accelerate the positive move towards an intermediate hurdle near the $2,044-2,045 region en route to the $2,065 supply zone.
Gold now 2028
Target 2032
Target 2036
Target 2050
Target 2059
SL 2015
FOMC signal confirm
Where will gold prices go at the weekly close?The mentality of trading is very important. At the same time, you must have clear ideas and decisive actions. Gold has been in a state of rapid growth. Many people are easily led to big losses by a small mistake. If you are worried about the loss at this time, you can choose to observe our daily operations in the group. The operations in the group are reasonable and well-founded, with real-time current price orders, and the returns are also considerable. Everyone is welcome to come and verify.
Gold risk aversion has driven gold to strengthen. The current bullish trend of gold is strong. The decline during the US trading session is still dominated by long positions. Technically, the 1-hour moving average forms a golden cross upward, indicating sufficient bullish momentum. After the gold price breaks through, it is confirmed that the support level of 3330 is effective, and the short-term support structure has been formed. It is recommended to wait for the second opportunity for the gold price to step back! Although the 1-hour chart shows that the current trend remains strong and the step-back amplitude is small, it is necessary to maintain a cautious attitude-even if the market is strong, it is not recommended to chase more, and it is necessary to guard against the risk of a deep correction in the gold price. In terms of operation, it is reminded that you can focus on the support level below: the first support level is 3345 (bull-bear watershed). If it falls below, pay attention to the key support of 3330. If the gold price falls back to around 3345 and stabilizes, you can consider a light position to try more.
Although the bulls are strong, don't chase them at high levelsGold trend analysis:
The market is fluctuating repeatedly now, and it is possible to rise or fall, but under the bullish trend, the main force is still rising. Therefore, this week's trading is to fall back and do more at a low price. Whether it is the previous 3285, 3306, or 3315, there are good profits. Although it is temporarily unable to break out of the bullish volume, at least the trend remains unchanged, and there will definitely be a large upward space in the future. Today is Friday, and we still pay attention to the possibility of bullish volume. This week, we have been emphasizing that if it rises during the week, we will see the 3370 high point. If 3370 breaks, there are still 3380 and 3400 above. On Friday, we will see whether this idea is realized.
From a technical point of view, there was a sharp pull this morning, with the big sun breaking through the upper track of the downward channel 3326 in the above figure, and then stepping back to confirm stabilization and bottoming out, which means that the breakthrough is effective, so you can directly follow the bullish trend in the morning, and during the European session, it repeatedly went up and down around the 3345-3332 range. With the experience of yesterday's trend, today we have been waiting for it to approach the 10-day moving average and then continue to be bullish on dips, and the entry point is basically good; currently it has broken through the resistance level of 3345 in the European session, so it depends on whether it can stand directly on it tonight. Once it stands, it can gradually rush to 3370, and the second is 3374, etc.; Of course, if it just pierces but does not stabilize, it will continue to spiral slowly upward around the yellow channel in the figure, so continue to wait patiently for the 10-day moving average, which is also the lower track position to grasp the low and long; Therefore, tonight gold 3345-3333 continues to rise on dips, with 3330 top and bottom positions as nodes, resistance at 3370, further resistance at 3374, etc.; If there is an unexpected big negative inducement to empty the market like yesterday, pay attention to stabilization above 3320 and still bullish;
Gold operation strategy: It is recommended to go long when it falls back to 3333-3345, and the target is 3360-3370.
GOLD ROUTE MAP UPDATEHey Everyone,
Great finish to the week!!!
After completing our Bearish targets throughout the week, we got the swing perfectly, like we analysed and was waiting for our Bullish target to be complete.
- We got the Bullish target at 3358 HIT perfectly completing this range!!
BULLISH TARGET
3358 - DONE
BEARISH TARGETS
3330 - DONE
EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE
3283 - DONE
We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA alignments, and structure expectations going forward.
Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
Mr Gold
GoldViewFX
Try shorting once below 3355!The market closed at 3326 on Thursday and still failed to break through the small range of long and short positions. The overall market is in a strong bullish trend and this trend indicates the possibility of a breakout in the future. In this week's trading example, after confirming that the 3315 low support is effective, a short-term long operation was successfully carried out below the area and profited. The picture and truth can be checked in the article on Thursday. In the short term, continue to pay attention to the range shock and pay close attention to the breakthrough direction of key points. The first thing to pay attention to is the strong pressure of 3355. If it breaks through and stands firmly at this position, it will open up further upward space, and the potential target can be seen in the 3365 or even 3400 area. On the contrary, if the gold price is always under pressure below 3355, the market is likely to continue the current shock and consolidation rhythm. Therefore, breaking through the 3355 mark will be a key signal to judge whether the market can release significant upward momentum in the future. Before the effective breakthrough, continue to intervene in the low-long opportunity at the 3325-15 support level of the shock range. On the upper side, you can arrange short positions at 3345-3455.
How to seize gold trading opportunitiesNews:
On Friday (July 11) in the Asian time zone, US President Trump posted a "tariff change" on social media, announcing that a 35% tariff would be imposed on all Canadian goods from August 1, a 10 percentage point increase from the current rate. This decision was like a thunderbolt, instantly igniting the market's risk aversion sentiment, and the spot gold price soared, reaching a high of $3,344 per ounce during the session. Although Trump extended the tariff agreement to August 1, which once suppressed the gold price, he subsequently stated that it would not be extended after the expiration, and launched further tariff attacks after the expiration, announcing a new 50% tariff on copper imports from the United States and a 50% tariff on goods from Brazil, which increased concerns about tariff risks and pushed the gold price to rebound from the bottom;
Gold trend analysis:
The market is fluctuating repeatedly now, and it is possible to rise or fall, but under the bullish trend, the main force is still rising. Therefore, this week's trading is to fall back and do more at a low price. Whether it is the previous 3285, 3304, or 3317, there are good profits. Although it is temporarily unable to break out of the bullish volume, at least the trend remains unchanged, and there will definitely be a large upward space in the future. Today is Friday, and we still pay attention to the possibility of bullish volume. This Monday has been emphasizing that if it rises during the week, it will look at the 3345 high point. If 3345 breaks, there are still 3365 and 3400 above. Friday will see whether this idea is realized.
From a technical point of view, all cycles are obviously bullish now. The daily line bottomed out on Tuesday, and Wednesday and Thursday were all small broken Yang rising. If it continues, we will first see whether the daily Bollinger middle rail 3345 pressure is broken. After the break, the big Yang closes high. This wave of rise may reach 3400. Therefore, the daily cycle has a lot of room for growth and should not be taken lightly. The H4 cycle needs to see whether today's rise can break 3345, because if it breaks 3345, there is a possibility of the upper rail opening. After the upper rail opens, gold will have a unilateral trend. Therefore, today's bullish target is 3345. If 3345 is not broken, there is still a possibility of a decline. If 3345 breaks, there will be 3365 and 3400 above. Here, it is clearly bullish and optimistic about the break of 3345. After determining the direction, the trading idea on Friday is also clear. It must be mainly long on the decline. The support below is 3320-3310. Don't chase more in the European session. Trade again if there is a decline.
Gold operation strategy: It is recommended to go long if it falls back to around 3315-3325, with the target at 3335-3345; it is recommended to consider shorting if it touches 3345 but does not break, with the target at 3335-3325.
Gold has a big win this dayNews: In the early Asian session on Thursday (July 10), spot gold fluctuated slightly higher, once regaining the 3320 mark, and is currently trading around $3323/ounce. On Wednesday, gold prices rebounded strongly after hitting a two-week low of 3282.61, closing at $3313.38/ounce, showing strong momentum for recovery. Trump extended the tariff agreement to August 1 and began to collect tariffs again. Although it eased market tensions, his remarks will not be extended after the expiration, and he issued tariff threats, which increased global trade uncertainty and pushed up risk aversion. The market is still facing economic and inflation concerns brought about by tariffs, which will also weaken the dollar and support gold prices.
Analysis of gold trend: After the full-day trend of gold on Wednesday, the lowest price was 3282 and the highest price was 3322, with a range of $40, so the bullish strength has come out. However, Li Siyu would like to emphasize here that gold is in a bullish trend for the time being, but it is not an absolute unilateral trend, but a fluctuating trend under the bullish trend. There are opportunities both up and down on Thursday. If it rises, you can look at 3345, and if it falls, you can look at 3285. Therefore, before there is an absolute strong unilateral rise, it is recommended that everyone keep looking at this wave of gold fluctuations. However, today's market is more important. Today is Thursday, and Thursday is often the node of the weekly change time. Today is likely to continue the rebound on Wednesday and continue to rise.
From a technical point of view, the daily line closed positive under the rebound of 3282 and stood firmly above the lower Bollinger track. If it continues to close positive on Thursday, it is necessary to pay attention to the suppression of the middle Bollinger track, that is, the high point of 3345. After breaking through, there will be another wave of rise on Friday, and you can see 3365 and 3400. Therefore, today's gains and losses of 3345 are crucial. The strong rebound in the H4 cycle is quite obvious. When it falls, it is very weak and continuous. When it rises, it is very strong and continuous. It depends on whether the continuous positive trend on Thursday will continue. Now the K-line stands firmly on the middle track of Bollinger. If it continues to rise, the high point of the upper track is around 3340-3345. In principle, the continuation of the long position will test the high point of the upper track. Therefore, it is still possible to go long today. Of course, it is not an absolute long trend now, so don't chase the rise. The support below the small cycle is around 3310-3300. If it falls back to this price, you can continue to go long. Clearly define the target. Today, we will see the gains and losses of 3345.
Repeated cycle, timing is keyMarket fluctuations are oscillating about 70% of the time, and only about 30% of the time are unilateral upward or downward, so accumulating small victories into big victories is the magic weapon for long-term success. What we need to do is to plan our positions well, and make this investment with a plan, direction, and guidance. A good trader will make your investment journey smoother. How to operate in a volatile market? The ancients said: Do not do good things because they are small, and do not do evil things because they are small. If we move it to financial management, it can be understood as: Don't be too greedy, enter the market in batches. When entering the market and covering positions, the position should be small. Although the profit is less, accumulating small victories into big victories is the key to success. The investment philosophy is composed of the investor's psychology, philosophy, motivation, and technical level. It mainly includes: stability, patience, independent thinking, discipline, trend, etc.
Judging from the current trend of gold, in the 4H cycle, it has touched 3330 many times under pressure, and the K-line has continuously closed with upper shadows, which is quite similar to yesterday's rhythm. So we must first look at the strength of the decline. The support below is at 3314 and 3306. In terms of operation, it should be treated as mainly long and auxiliary short. The upper pressure still focuses on the gains and losses of 3330.
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTRIC day on the markets with our chart idea and levels playing out and being respected, as analysed.
After completing the swing range test and full swing into 3306, we stated yesterday that we will now look for ema5 cross and lock above 3306 to open 3330. This was locked and loaded and completed the 3330 target today.
We will now continue to look for ema5 lock above 3330 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for support and bounce inline with our plans to buy dips.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3358
EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3416
EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
BEARISH TARGETS
3330 - DONE
EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE
3283 - DONE
3254
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold 4-hour resistance point fluctuates, shorts comeOn Thursday (July 10), the 4-hour resistance point of gold price was formed before the US market. The logic of shorting at the resistance point can be considered. Spot gold maintained a strong trend in the European session, trading around $3,330. Although US President Trump's remarks on imposing a new round of tariffs on many countries triggered safe-haven demand, the FOMC meeting minutes showed differences in the path of interest rate cuts within the year, making gold bulls still cautious.
Spot gold continued to retreat after the previous high of $3,499.83, and has been blocked below $3,451.14 recently, forming a relatively obvious box consolidation structure. The current price is running below the middle track of the Bollinger Band at $3,343.69, indicating that the upward momentum of the bulls is weak. Analysts believe that the short-term key support level is at $3,250, which forms a resonance support with the previous low of $3,247.87. If it falls below, it may increase the downside risk.
Gold Trade Setup – Long Invalidated, Watching Retest for ShortGold has been consolidating between $3,200 and $3,500, recently pressing against a descending resistance line that has rejected price several times. I was favoring the upside, but our long setup was invalidated — the stop loss at $3,330 was hit.
Price is now retesting ascending support, and I'm shifting focus to a short opportunity, using our previous long entry level (~$3,333) as a key area of interest for entries.
Here’s the updated plan:
Short Entry: Around $3,333
Stop Loss: $3,340
Take Profit: $3,303
Remaining cautious but opportunistic — the larger structure is vulnerable and could break further if support fails.