🌐 Market Overview
Gold has struggled to recover after yesterday's sharp drop, driven by macro-political concerns and profit-taking at recent highs.
🔻 On July 24, former President Trump made an unexpected visit to the US Federal Reserve, sparking speculation that he's pressuring the Fed to cut interest rates soon.
While the Fed has yet to make any dovish moves, short-term bond yields dipped slightly, showing growing market expectations for policy easing.
The US dollar remains strong, reflecting some skepticism around the Fed’s possible shift despite recent economic strength.
📉 Technical Outlook
On the H2 chart, gold still maintains an overall bullish structure. However, it's approaching a critical support level near 3338, which aligns with the VPOC and the ascending trendline.
📌 If this zone breaks, price may rapidly fall toward deeper liquidity zones in the 332x – 329x range.
🎯 Trade Setups
🔽 BUY SCALP (Quick Reaction Play)
Entry: 3338 – 3336
Stop Loss: 3332
Take Profit: 3342 – 3346 – 3350 – 3354 – 3360 – 3365 – 3370 – 3380
🟢 BUY ZONE (Deep Buy Area – Long-Term Potential)
Entry: 3312 – 3310
Stop Loss: 3305
Take Profit: 3316 – 3320 – 3325 – 3330 – 3340 – 3350 – 3360 – 3370 – 3380
🔻 SELL ZONE (if market retests)
Entry: 3374 – 3376
Stop Loss: 3380
Take Profit: 3370 – 3366 – 3360 – 3355 – 3350 – 3340 – 3330
🔍 Key Levels to Watch
Support: 3350 – 3338 – 3325 – 3310 – 3294
Resistance: 3374 – 3390 – 3400 – 3421
⚠️ Risk Note
As we head into the weekend, liquidity sweeps are common – especially on Fridays. Be cautious of sharp moves.
Focus mainly on scalp setups today. Avoid early long entries unless strong confirmation appears at lower liquidity zones.
Always follow your TP/SL strategy to protect your capital.
Gold has struggled to recover after yesterday's sharp drop, driven by macro-political concerns and profit-taking at recent highs.
🔻 On July 24, former President Trump made an unexpected visit to the US Federal Reserve, sparking speculation that he's pressuring the Fed to cut interest rates soon.
While the Fed has yet to make any dovish moves, short-term bond yields dipped slightly, showing growing market expectations for policy easing.
The US dollar remains strong, reflecting some skepticism around the Fed’s possible shift despite recent economic strength.
📉 Technical Outlook
On the H2 chart, gold still maintains an overall bullish structure. However, it's approaching a critical support level near 3338, which aligns with the VPOC and the ascending trendline.
📌 If this zone breaks, price may rapidly fall toward deeper liquidity zones in the 332x – 329x range.
🎯 Trade Setups
🔽 BUY SCALP (Quick Reaction Play)
Entry: 3338 – 3336
Stop Loss: 3332
Take Profit: 3342 – 3346 – 3350 – 3354 – 3360 – 3365 – 3370 – 3380
🟢 BUY ZONE (Deep Buy Area – Long-Term Potential)
Entry: 3312 – 3310
Stop Loss: 3305
Take Profit: 3316 – 3320 – 3325 – 3330 – 3340 – 3350 – 3360 – 3370 – 3380
🔻 SELL ZONE (if market retests)
Entry: 3374 – 3376
Stop Loss: 3380
Take Profit: 3370 – 3366 – 3360 – 3355 – 3350 – 3340 – 3330
🔍 Key Levels to Watch
Support: 3350 – 3338 – 3325 – 3310 – 3294
Resistance: 3374 – 3390 – 3400 – 3421
⚠️ Risk Note
As we head into the weekend, liquidity sweeps are common – especially on Fridays. Be cautious of sharp moves.
Focus mainly on scalp setups today. Avoid early long entries unless strong confirmation appears at lower liquidity zones.
Always follow your TP/SL strategy to protect your capital.
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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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
Related publications
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.