WEEK PLAN|Will This Gold Rally Collapse Into a Liquidity Trap ? Gold remains trapped between high-liquidity resistance and a strong order block below. While short-term bullish structure is forming, the weekly outlook remains complex due to upcoming high-impact events from the Fed and US labour data. Expect volatility and traps in both directions.
🧠 Fundamental Context
FOMC Meeting Minutes (Wed 9 July): Market will look for rate cut clues.
Unemployment Claims (Thu 10 July): A stronger labour market = stronger USD = bearish for gold.
FOMC Member Waller Speaks (Thu 10 July): Any hawkish tone could cap gold upside.
📊 Key Zones
Zone Role Notes
3,387 – 3,439 Sell Zone High liquidity, weak highs, ideal reversal trap
3,240 – 3,260 Buy Zone Strong OB, liquidity sweep, aligned with trendline support
3,365 Weekly High May reject or break based on macro catalyst
🛠️ Trade Setups (Entry Zones as Requested)
✅ 1. BUY GOLD
Entry: 3,346 – 3,344
Stop Loss: 3,340
TP1: 3,356
TP2: 3,366
TP3: 3,376+ (Open Target)
Rationale: Scalping long off micro demand, aiming for a short-term spike above liquidity.
✅ 2. BUY GOLD SCALPING
Entry: 3,291 – 3,289
Stop Loss: 3,285
TP1: 3,299
TP2: 3,310
TP3: 3,320+ (Open Target)
Rationale: Buy on breakout momentum before hitting higher sell-side zones.
✅ 3. SELL GOLD
Entry: 3,389 – 3,391
Stop Loss: 3,396
TP1: 3,381
TP2: 3,371
TP3: 3,361 (Open Target)
Rationale: Fade the breakout — fakeout zone targeting liquidity void beneath.
✅ 4. SELL GOLD
Entry: 3,349 – 3,351
Stop Loss: 3,355
TP1: 3,339
TP2: 3,329
TP3: 3,319 (Open Target)
Rationale: Short off weak rally, playing potential rejection near intraday high.
📅 This Week’s Events
Date Event Likely Impact
9 July FOMC Minutes Fed tone → volatility spike
10 July Jobless Claims (233K) Strong number = gold downside
10 July FOMC Waller Speech Additional risk-on/risk-off flows
⚠️ Trading Strategy
Use H1–H4 confirmations (CHoCH, BOS, FVG) before entries.
Avoid entries 1h before and after red news.
Focus on 3,260–3,439 range as key decision area for the week.
