Gold 30Min Engaged ( Bearish Reversal Entry Detected ) what do you think before Price Move , GOLD Bullish or Bearish & why ?
lets spread the Knowledge
➕ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸 Bearish Reversal : 3339 Zone
🩸 Bullish Reversal : 3311Zone
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
Commodities
GOLD ROUTE MAP UPDATEHey Everyone,
Quick follow-up on yesterday’s 1H chart update
After hitting 3353, we did not see an EMA5 cross and lock above this level. That lack of confirmation was key and it validated a rejection right at 3353, leading to another drop into the retracement zone.
As per plan, that retracement provided yet another clean bounce, perfectly in line with our dip buying strategy.
We are once again looking toward 3353, and just like before, we will be closely watching for an EMA5 cross and lock confirmation to validate any continuation.
This kind of movement continues to confirm the power of patience, structure, and disciplined execution. No chasing just clean planned executions with high probability setups based on our EMA5 methodology.
We’re also still watching the 3381 gap a key magnet above, and a level we’ve been tracking since the Monday outlook. The roadmap remains unchanged. We’re trading the structure, managing risk, and letting confirmations guide the execution.
Updated Reminder of Key Levels:
BULLISH TARGET
3381
EMA5 CROSS & LOCK ABOVE 3381 opens
3416
EMA5 CROSS & LOCK ABOVE 3416 opens
3439
BEARISH TARGETS
3353 ✅ HIT
EMA5 CROSS & LOCK BELOW 3353 opens
3328 ✅ HIT
EMA5 CROSS & LOCK BELOW 3328 opens
3305
EMA5 CROSS & LOCK BELOW 3305 opens Swing Range:
3288
3259
As always, we’ll continue monitoring and sharing updates, as price reacts around these zones. Thank you all for the continued support, your likes, comments, and follows are genuinely appreciated!
Mr Gold
GoldViewFX
GOLD → The triangle is contracting. Retest of support...FX:XAUUSD tested a local high of 3375 but quickly returned to consolidation. The reason is manipulation by the US administration related to Powell, inflation, and interest rates...
Demand for gold has risen sharply amid global risks: Trump's aggressive tariff plans, strong inflation, and uncertainty about the Fed's actions have increased interest in defensive assets. Despite the temporary strengthening of the dollar, gold remains a popular hedging instrument. Technical analysis also points to a bullish outlook. However, growth potential is limited until the Fed clarifies its interest rate policy
Technically, on the D1 chart, it is clear that the price is consolidating, with the range continuing to narrow. Due to the bullish factors listed above, we can expect growth to continue. However, it is difficult to say where and when the growth will begin due to the uncertainty factor. All attention is on the support at 3320-3312, the triangle support, as well as the consolidation support at 3287.
Resistance levels: 3365, 3375
Support levels: 3320, 3312, 3287
Since the opening of the session, the price has spent part of its daily range, so there may not be enough potential for the decline to continue. A false breakdown of support and consolidation of the price above the key zone may attract buyers, which will trigger growth towards resistance.
Best regards, R. Linda!
XAU/USD | First LONG to $3345, Then a Potential DROP Below $3300By analyzing the gold chart on the 4-hour timeframe, we can see that last night the price first tapped into the $3340 level, showing an initial push up to $3352. However, the drop intensified soon after, breaking the $3340 resistance and, according to the second scenario, falling to $3310. Upon reaching this key demand level, buying pressure kicked in, pushing the price back up to $3325. Now, the key question is whether gold can hold the $3310 support. If this level holds, we can expect a rise toward $3331 as the first target and $3345 as the second. After this move, a rejection from the $3345 area could trigger another drop, possibly pushing gold below $3300. So, first LONG, then SHORT!
THE LATEST VIDEO ANALYSIS :
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Best Regards , Arman Shaban
GOLD - Price may bounce up to $3375 level from support lineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Initially, the price action was confined within a descending channel before a decisive bullish breakout occurred.
This first breakout triggered a strong upward impulse, setting the stage for the current market structure.
The price is now consolidating in a wide flat range, bounded by support near the $3285 level and resistance at $3375.
An ascending support line is providing dynamic support within this consolidation pattern, indicating underlying buying pressure.
I expect a brief retest of this support line, which should act as a launchpad for the price to move higher.
The primary target for this long setup is the $3375 resistance level, marking the top of the current flat range.
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Double Top + Zigzag Complete: Are Bears About to Take Over Gold?Yesterday, the financial markets in general, including Gold ( OANDA:XAUUSD ) , acted like a roller coaster after the news of Powell's dismissal . After this news was denied , Gold returned to its main trend, which I published in my previous idea .
Gold is currently re-attacking the Support line , Support zone($3,326-$3,325) and 50_SMA(Daily) .
In terms of classic technical analysis , it seems that gold has formed a Double Top Pattern for support breakdowns, where a Support line breakdown can also be accompanied by a neckline breakdown .
From the perspective of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5) , and we should wait for the next bearish waves .
I expect Gold to break its supports and move towards $3,290 ; support breaks are best done with high momentum . An important price that can change the direction of Gold's downside is $3,350 .
Note: If Gold breaks the Resistance lines and forms an hourly candle above $3,351(Stop Loss (SL)), we can expect further Gold gains.
Gold Analyze (XAUUSD), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GOLD → Retest of consolidation resistance. Chances of a breakoutFX:XAUUSD bounces off support at 3312, forming a false breakdown at 3320. The price is heading towards consolidation resistance. The chances of continued growth are increasing...
Gold rebounded from its low amid statements by Fed member Waller about a possible rate cut in July. However, strong US sales and labor market data strengthened the dollar and held back XAU/USD growth. Despite statements by some Fed members about maintaining a tight policy, traders continue to expect rate cuts before the end of the year. The focus is on new economic data that could affect the dollar and gold prices.
Technically, consolidation is narrowing, which could lead to distribution. Gold is feeling market support, and after retesting resistance at 3365, we need to watch the price reaction to the level. A pullback and quick retest could increase the chances of a breakout and growth to 3400.
Resistance levels: 3365, 3375
Support levels: 3332, 3320, 3312
There is a high probability that there will be an attempt to break through the consolidation resistance amid expectations of a rate cut. This phase may be accompanied by either a correction to retest and return for a breakout, or a breakout and consolidation of the price above the level. Today, Friday, I expect a retest and correction, as there may not be enough local potential for a breakout of this level, and the price has already lost some of its momentum since the opening of the session...
Best regards, Linda!
GOLD ROUTE MAP UPDATEHey Everyone,
End of week update following up on yesterday’s 1H chart outlook.
✅ 3353 was hit and respected to the pip, just as we mapped out and highlighted yesterday.
We saw the EMA5 cross and lock above 3328, confirming continuation.
The market respected structure beautifully
Rejections gave us clean dip buying entries
EMA5 methodology guided our execution
High probability Goldturn levels played out exactly as planned
Our discipline and patience were rewarded, yet again. Another strong end to the week.
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
ETH - If You Know ...... You Know whats Coming
NYSE:BLK $BUIDL tokenized U.S.-Treasury fund launched on COINBASE:ETHUSD in Mar 2024—Wall Street is already settling real dollars on-chain.
NYSE:JPM JPMD stablecoin just went live on Base (an COINBASE:ETHUSD L2), piping wholesale payments from a $4 T balance-sheet straight through COINBASE:ETHUSD rails.
COINBASE:ETHUSD isn’t just riding the next crypto cycle—it’s becoming Wall Street’s settlement layer. From BlackRock’s on-chain Treasury fund to JPMorgan’s and soon Bank of America’s dollar tokens, a tidal wave of institutional stable-coin flows is lining up behind ETH. Fewer coins, more real-world volume—if you know, you know what’s coming.
NYSE:BAC CEO says they’ll issue a dollar-backed token the moment regulators nod—another tier-1 bank boarding the Ethereum train.
Stablecoin cap has blasted past $230 B , with 80 %+ of all on-chain transfers riding Ethereum (plus BSC) blocks.
Corporate settlements via stablecoins grew 25 % YoY in 2024 as multinationals replaced SWIFT with instant on-chain clearing.
Daily stablecoin throughput averages $7 B—each hop burning ETH and tightening supply.
BCG projects tokenized real-world assets to exceed $16 T by 2030 , with EVM chains as the default plumbing.
Over 500 M wallets already interact with stablecoins , a 30 % YoY surge led by emerging-market demand.
L2s like BINANCE:ARBUSDT & BINANCE:OPUSDT cut transaction fees 35 % yet still settle back to mainnet—meaning ETH captures the fee stream and the burn.
Bottom line: a tidal wave of bank-grade stablecoins + tokenized assets is lining up behind ETH; supply shrinks, demand soars—if you know, you know what’s coming.
quote] Marty Boots | 17-Year Trader — smash that , hit LIKE & SUBSCRIBE, and share your views in the comments below so we can make better trades & grow together!
GOLD H2 Rising Wedge Expecting SellOFF TP BEARS 3225 USD📊 Gold Technical Outlook Update – H4 & 2H Chart
📰 Latest Summary Headlines
• Gold stalls near highs as technical compression signals possible breakdown
• Bearish rising wedge on 2-hour chart hints at sharp move lower
• Market volatility stays elevated amid global economic risks
• Short-term sellers targeting $3,225 if wedge pattern breaks
________________________________________
🏆 Market Overview
• Gold remains in a choppy range, struggling to clear key resistance.
• 2H Chart: Bearish rising wedge pattern identified, showing compression—expecting a potential breakdown soon.
• Overhead resistances: $3,410 / $3,460 USD will likely cap further upside.
• Major supports: $3,160 / $3,240 USD.
• If support fails, next key bear target is $3,225 USD.
• Range trading remains favored for now.
• Volatility likely to persist with no major bullish headlines on the horizon.
________________________________________
⭐️ Recommended Trade Strategy
• Bearish Setup (2H): Short sell gold at market on wedge breakdown.
o Stop loss: Above recent highs (set according to your risk tolerance and latest 2H swing high).
o Take profit: Target $3,225 USD.
• Continue to focus on selling near resistance, buying near support.
• Momentum: Watch for sharp moves as wedge resolves—be nimble!
• Always manage risk and adjust stop as price develops.
________________________________________
💡 Gold Market Highlights
• Safe-haven demand still strong due to tariffs, geopolitical tension, and U.S. fiscal concerns.
• Central banks & investors remain net buyers, but jewelry demand slides at high prices.
• Price action is dominated by institutional flows, with banks forecasting potential for gold above $4,000 next year—but short-term correction likely if wedge breaks.
• Current price: ~$3,358 per ounce. Compression suggests a larger move coming soon.
________________________________________
Summary:
Gold is at a crossroads, with a bearish wedge pattern building on the 2-hour chart. A breakdown could see a quick move to $3,225. Short sellers should act on confirmation, while bulls will look to reload at key support. Stay tactical!
XAUUSD Daily Sniper Plan – July 17-18, 2025Hello traders!
After yesterday’s high-volatility trap and NY session recovery, we now stand at a major structural junction. Buyers reclaimed 3310–3314 with precision, but price is pressing into multi-timeframe supply. Let’s break it down clearly
🔸 HTF Bias
Daily Bias: Bullish correction inside a larger range. Demand at 3310–3305 was swept and respected, but supply at 3347–3360 caps upside.
H4 Bias: Bullish flow into supply. Structure printed clean HLs from 3295–3310. However, current zone is full of short-term profit-taking risk.
H1 Bias: Bullish short-term trend. Price built higher lows from 3310, but now sits at 3340–3347 — reactive zone where momentum could fade if no breakout.
🔸 Key Structural Zones (with role)
🔺 Supply Zones (Above Price):
3347–3360 (D1/H4/H1 Supply)
🔹 Multi-timeframe confluence
🔹 Previous reaction + NY trap zone
🔹 Expect heavy rejection or false breakout wicks
3366–3385 (D1 Supply)
🔹 Final liquidity shelf for buyers
🔹 Only valid if 3347 breaks clean
🔹 Longs must wait for confirmation after breakout
⚔️ Decision Zones (Middle):
3335–3328 (Intraday Flip Zone)
🔹 M15-M30 structure control
🔹 Buyers can reload here on clean bounce
🔹 If price closes below, opens door for bearish momentum
🔻 Demand Zones (Below Price):
3314–3310 (H1/H4 Demand – Key Buy Area)
🔹 Institutional demand origin
🔹 Price tapped, swept, and reclaimed
🔹 Ideal sniper buys only on retest with bullish M15 BOS
3305–3295 (Deep Reversal Demand)
🔹 Extreme discount
🔹 Valid only if 3310 fails
🔹 High RR buys if liquidity sweep appears
🔸 Sniper Battle Plan 🎯
Scenario 1 – Fade from 3347–3360:
🔹 If rejection signs (M15 FVG + RSI divergence), short toward 3335, 3314
🔹 Only enter if NY open confirms exhaustion
Scenario 2 – Pullback to 3335–3328:
🔹 Ideal quick buys on bounce with confirmation
🔹 Watch for BOS on LTF for sniper entry
Today’s zones require real discipline: no rush, no panic — just clear steps, sharp entries, and clean rejections or retests. You already saw what 3310–3305 reacted. The next move? You plan it. You take it. You own it.
✨ Which zone are you watching for your next move?
Drop a comment, leave a 🚀🚀🚀and follow for more sniper-level clarity — every single day.
Let’s keep mastering this market. Together.
Disclosure: All plans are built on Trade Nation live feed. Educational only.
EUR/USD | Bullish Momentum Builds – Next Targets Ahead! (READ)By analyzing the EURUSD chart on the 4-hour timeframe, we can see that, as per the previous analysis, the price first made a strong move in two steps, successfully hitting the 1.15580 target. Upon reaching this key level, it reacted positively with increased demand and is now trading around 1.16520. Given the current trend, I expect further bullish movement soon, with the next potential targets at 1.16720, 1.17230, and 1.17500.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USD/JPY : Get Ready for another Fall ! (READ THE CAPTION)By analyzing the USDJPY chart on the 4-hour timeframe, we can see that after our last daily timeframe analysis, the price started its rally from the 144 zone and, as expected, hit all three targets at 145.5, 147.35, and 148.65, delivering over 500 pips in returns — even reaching as high as 149.2! Once the price broke above 148.65 and swept the liquidity above this level, it faced selling pressure and dropped to 146.9. Currently trading around 148.65, if USDJPY manages to hold below the supply zone between 148.65 and 149.2, we can expect further downside movement. This analysis will be updated with your support!
THE DAILY ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold's Short-Term Decline: What's Next?Hello everyone, what do you think about gold?
Today, gold continues its short-term downtrend. After new data was released at the end of yesterday’s trading session, the USD rose by 0.3%, and U.S. Treasury yields also increased, reducing the appeal of gold. Additionally, the latest unemployment claims data shows improvement in the U.S. economy, which has contributed to the drop in the precious metal.
As of writing, gold is trading around the EMA 34, 89 levels at 3,336 USD. With the recent news, the market is expected to maintain its current stance throughout the day, as no new significant updates are expected.
From a technical standpoint, the downtrend remains in place, with prices continuing to be capped below the trendline. The series of lower highs and lows could likely lead XAUUSD to test lower levels, with the possibility of reaching the 3,300 USD mark.
What do you think about the price of gold today? Let us know in the comments!
Gold breaks trendline and returns to uptrend. BUY NOW!✏️ OANDA:XAUUSD A deep sweep to 3310 and bounce back to the trading range. Gold is reacting at the Trendline around the price zone of 3344. This is an important price zone that if broken will return to the uptrend and head towards 3373 soon. 3332 plays an important role in the current bullish wave structure, which is a suitable SL placement point for BUY signals.
📉 Key Levels
Support: 3332-3312
Resistance: 3344-3357-3373-3389
BUY trigger: Break and trading above Resistance 3344 (trendline, top uptrend wave 1)
BUY DCA trigger: Break Resistance 3353
Target 3373
Leave your comments on the idea. I am happy to read your views.
GOLD tests $3,310 then recovers, continues sidewaysInternational OANDA:XAUUSD fell to the support level of 3,310 USD, then recovered and continued to stabilize sideways due to the stronger US Dollar and market tensions eased after US President Trump said it was "extremely unlikely" to fire Federal Reserve Chairman Powell.
As of the time of writing, spot OANDA:XAUUSD was trading at 3,339 USD/oz.
Reuters reported on Wednesday that Trump is still open to the possibility of firing Powell. However, Trump said on Wednesday that he has no intention of firing Powell at this time, but did not completely rule out the possibility and reiterated his criticism of the Fed chairman for not lowering interest rates.
Data showed US producer prices unexpectedly held steady in June, as the impact of higher import tariffs on goods was offset by weakness in the services sector.
The unchanged US PPI in June showed wholesale prices were stabilising, suggesting the economic impact of tariffs may be smaller than initially feared.
The lower-than-expected core CPI and core PPI data did not provide the boost that was expected, which could mean that the market is focusing on other aspects. More broadly, as the Fed gradually eases policy, real yields could continue to fall, and gold will maintain its upward trend. However, if the market continues to reprice expectations for a hawkish rate cut, this could trigger a short-term correction.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), said its holdings rose 0.33% to 950.79 tonnes on Wednesday from 947.64 tonnes in the previous session.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold rebounded after falling and tested the support level noted by readers in yesterday's edition at 3,310 USD. The recovery brought gold prices back to work around the EMA21, continuing the sideways accumulation trend.
Structurally there is no change, as for gold to qualify for an upside move it needs to break resistance at the 0.236% Fibonacci retracement level then the short term target is the raw price point of $3,400. Meanwhile for gold to complete its bearish cycle it needs to sell below the 0.382% Fibonacci retracement level then the short term target would be around $3,246, more than the 0.50% Fibonacci retracement level.
The relative strength index (RSI) is also unchanged with the RSI activity around 50, indicating a hesitant market sentiment without leaning towards any particular trend.
Intraday, the technical outlook for gold prices continues to be a sideways accumulation trend, and the notable positions will be listed as follows.
Support: 3,310 – 3,300 – 3,292 USD
Resistance: 3,350 – 3,371 USD
SELL XAUUSD PRICE 3386 - 3384⚡️
↠↠ Stop Loss 3390
→Take Profit 1 3378
↨
→Take Profit 2 3372
BUY XAUUSD PRICE 3276 - 3278⚡️
↠↠ Stop Loss 3272
→Take Profit 1 3284
↨
→Take Profit 2 3290
Hellena | Oil (4H): SHORT to support area of 63.000.Colleagues, I believe that wave “B” has formed at the level of 69.938, and now we expect the downward movement to continue with the aim of completing wave ‘C’ of the middle order and wave “2” of the higher order in the support area of 63,000.
It is quite possible that the price could reach the 60,000 level, but I think that for now it is worth focusing on the nearest targets.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD's narrowing range, tariffs, Trump's political dramaOANDA:XAUUSD is still trading in a narrowing range, affected by the tariff game and the political drama that Trump is building. Currently, the price of gold is trading around 3,339 USD/oz, equivalent to a small decrease of about 7 dollars on the day.
Tariff Game
On July 16, US President Donald Trump announced that he would send letters to more than 150 countries, with tariffs expected to be 10% or 15%, to promote trade. He said these countries are not major US partners and will be treated equally, but left open the possibility of negotiating exemptions. The tariffs are similar to those proposed in April but were postponed due to concerns about market volatility. The resumption of the tariffs continues to destabilize financial markets and surprised partners such as the European Union, as they hoped to reach an early agreement with the US.
Political Play
Also on July 16, global financial markets were shaken by rumors that President Trump intended to fire Federal Reserve Chairman Jerome Powell. Many major news agencies such as the New York Times, Bloomberg and Reuters reported that Trump had prepared a letter of dismissal and consulted with Republican lawmakers, receiving positive feedback. Removing Powell before his term was believed to undermine confidence in the US financial system and the safe haven status of the USD. Trump later denied the plan, saying it was unlikely to happen unless there was serious wrongdoing. Markets reacted strongly: the USD fell and then recovered after Trump's statement, while gold lost most of its previous gains by the end of the session.
The gold market in particular, and the financial economy in general, are being affected by the activities of Trump, the creator of the global trade war, and the plays of Trump and the FED leading the market. Therefore, the basic formula in the current market context is best to follow Trump, and make sure not to miss any of Trump's status lines.
Technical outlook analysis of OANDA:XAUUSD
On the daily chart, the technical structure has not changed with the trend not yet clear and the price action clinging to the EMA21.
The technical conditions do not favor an uptrend or a downtrend, typically the RSI moves around the 50 level, indicating a hesitant market sentiment.
On the upside, gold needs to achieve the condition of breaking above the 0.236% Fibonacci retracement level of the price point of 3,371 USD then the target level will be around 3,400 USD in the short term, more than 3,430 USD.
Meanwhile, on the downside, gold needs to break below the 0.382% Fibonacci retracement, which would confirm a loss of the $3,300 level, then target around $3,246 in the short term, more than the 0.50% Fibonacci retracement.
Intraday, the sideways trend of gold price accumulation will be noticed by the following technical positions.
Support: $3,310 – $3,300 – $3,292
Resistance: $3,350 – $3,371 – $3,400
SELL XAUUSD PRICE 3381 - 3379⚡️
↠↠ Stop Loss 3385
→Take Profit 1 3373
↨
→Take Profit 2 3387
BUY XAUUSD PRICE 3309 - 3311⚡️
↠↠ Stop Loss 3305
→Take Profit 1 3317
↨
→Take Profit 2 3323
Gold may rise a little and then drop to support levelHello traders, I want share with you my opinion about Gold. Initially, gold was trading within a large consolidating pennant, showing both upward and downward impulses as it moved between the converging trend lines. The price eventually saw a breakout from this pattern, followed by a strong impulse up, but this momentum stalled as it approached the major horizontal resistance level at 3390. This level, which corresponds with the upper seller zone, has proven to be a significant barrier for buyers, rejecting the price and confirming a strong seller presence in that area. Currently, the market is in a corrective phase after being rejected from the highs. The price is drifting upwards once again in what appears to be a final retest of the aforementioned seller zone. This slow upward movement lacks the impulsive strength of the previous trend, suggesting that buyers are losing control and sellers are preparing to defend the 3390 resistance level once more. I expect this corrective move to fail upon reaching the seller zone around 3390. After this retest, I anticipate a sharp reversal and the beginning of a new downward trend. The logical target for this move is the major support level at 3310, an area that has historically acted as a strong buyer zone. That is why my TP is set at 3310. Please share this idea with your friends and click Boost 🚀
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DeGRAM | GOLD correction from the resistance line📊 Technical Analysis
● Repeated rejections at the channel mid-band (3 346) and the higher swing-highs marked by red arrows form a descending wedge inside the bigger rising channel.
● Price has slipped back under the intraday up-trend and is tracking a fresh 30 m falling channel; a close below 3 328 completes the bear setup and points to the lower channel rail / former bounce base at 3 296.
💡 Fundamental Analysis
● US retail-sales surprise (+0.5 % m/m) lifted 2-yr Treasury yields while Fed’s Daly warned “inflation progress isn’t enough”, reviving dollar demand and capping bullion.
✨ Summary
Short 3 340-3 345; sustained trade beneath 3 328 opens 3 296 → 3 255. Thesis void on a 30 m close above 3 355.
-------------------
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XAUUSD: Market Analysis and Strategy for July 18Gold technical analysis
Daily chart resistance: 3382, support: 3310
Four-hour chart resistance: 3375, support: 3332
One-hour chart resistance: 3365, support: 3345.
From a technical perspective, the price of gold has recently formed a wide range of fluctuations in the range of 3310-3365 US dollars, reflecting the unclear market direction. At present, the short-term moving average of gold is supported at 3332, and other periodic indicators are also in a bullish arrangement. The overall decline at the hourly level is limited, and the bulls still have the momentum to rebound.
3310 on the daily chart constitutes a key support. If it falls below, it may fall to the July low of 3287-3282. On the upside, if the resistance level of 3366 US dollars is effectively broken, it may trigger short stop losses and push the gold price back to the 3400 US dollar mark. Pay attention to the resistance of 3366-3377 above and the support of 3345/3332 below
BUY: 3345near
SELL: 3365near