Gold 22/07 – Reversal in Sight After $3400? Watch These Key Zone
XAUUSD – Intraday Market Outlook (22/07)
Gold posted a strong rally in the previous session, completing its short-term impulsive wave structure. However, as price approached the psychological resistance at $3400, it began to lose momentum, and a clear reversal candle appeared — a signal that today’s session may favour a pullback or correction.
🔍 Technical Overview
After printing a short-term top, gold is now retracing and has reached a critical support area: the FVG High Zone on the H1 chart. If bearish pressure continues and this level fails to hold, price is likely to drop further in search of deeper liquidity zones.
🔽 Key BUY Zones to Monitor Today
✅ Zone 1 – EL (End Liquidity within FVG): 3367 – 3350
→ A zone with strong potential for short-term rebounds due to previous liquidity sweeps.
✅ Zone 2 – Confluence of FIBO 0.5–0.618 + VPOC (3350 – 3335)
→ A technically significant area where multiple factors align — ideal for medium-to-long term entries.
📌 Trade Setup Ideas
🔸 BUY ZONE: 3351 – 3349
Stop Loss: 3344
Take Profit Targets:
3355 – 3360 – 3365 – 3370 – 3375 – 3380 – 3390 – 3400 – ???
🔸 BUY SCALP ZONE: 3366 – 3364
Stop Loss: 3360
Targets: 3370 – 3375 – 3380 – 3385 – 3390
🔻 SELL ZONE: 3420 – 3422
Stop Loss: 3427
Targets: 3415 – 3410 – 3405 – 3400 – 3390 – 3385
⚠️ Market Risk Reminder
While no major economic data is expected today, that doesn’t mean the market will stay calm. Unexpected volatility can still arise from geopolitical tensions or unscheduled central bank comments. Gold tends to compress and break out aggressively in low-news environments.
📌 Protect your capital with disciplined Stop Loss and Take Profit levels — no forecast is ever 100% certain.
📈 Strategic Outlook
Short-term bias: Market is likely to continue correcting
Medium to long-term plan: A deeper pullback could offer an excellent opportunity to build long positions from key demand zones, especially as markets begin to price in potential Fed rate cuts and gold continues its long-term bullish trend.
💬 Be patient, wait for confirmations, and trade with a clear plan — that’s what separates consistency from chaos.
Gold posted a strong rally in the previous session, completing its short-term impulsive wave structure. However, as price approached the psychological resistance at $3400, it began to lose momentum, and a clear reversal candle appeared — a signal that today’s session may favour a pullback or correction.
🔍 Technical Overview
After printing a short-term top, gold is now retracing and has reached a critical support area: the FVG High Zone on the H1 chart. If bearish pressure continues and this level fails to hold, price is likely to drop further in search of deeper liquidity zones.
🔽 Key BUY Zones to Monitor Today
✅ Zone 1 – EL (End Liquidity within FVG): 3367 – 3350
→ A zone with strong potential for short-term rebounds due to previous liquidity sweeps.
✅ Zone 2 – Confluence of FIBO 0.5–0.618 + VPOC (3350 – 3335)
→ A technically significant area where multiple factors align — ideal for medium-to-long term entries.
📌 Trade Setup Ideas
🔸 BUY ZONE: 3351 – 3349
Stop Loss: 3344
Take Profit Targets:
3355 – 3360 – 3365 – 3370 – 3375 – 3380 – 3390 – 3400 – ???
🔸 BUY SCALP ZONE: 3366 – 3364
Stop Loss: 3360
Targets: 3370 – 3375 – 3380 – 3385 – 3390
🔻 SELL ZONE: 3420 – 3422
Stop Loss: 3427
Targets: 3415 – 3410 – 3405 – 3400 – 3390 – 3385
⚠️ Market Risk Reminder
While no major economic data is expected today, that doesn’t mean the market will stay calm. Unexpected volatility can still arise from geopolitical tensions or unscheduled central bank comments. Gold tends to compress and break out aggressively in low-news environments.
📌 Protect your capital with disciplined Stop Loss and Take Profit levels — no forecast is ever 100% certain.
📈 Strategic Outlook
Short-term bias: Market is likely to continue correcting
Medium to long-term plan: A deeper pullback could offer an excellent opportunity to build long positions from key demand zones, especially as markets begin to price in potential Fed rate cuts and gold continues its long-term bullish trend.
💬 Be patient, wait for confirmations, and trade with a clear plan — that’s what separates consistency from chaos.
Trade active
📈 Gold is surging and has broken above the previous resistance at $3400, which acted as a key liquidity + OBS zone.If the H1 candle closes with strong bullish confirmation, look for a potential sell setup around the 342x zone according to the daily plan.
📊 View chart:
Wait for a clear signal before entering — patience is key.
Trade closed: target reached
🎯 Sell zone delivered +130 pips from the entry at 3320 – 3322, right at the resistance zone.Congrats to everyone who followed the setup and captured solid profits on a volatile day!
📊 Chart:
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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.
⚜️ 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.