GOLD: A Short-Term Trading Setup - High RiskGOLD: A Short-Term Trading Setup - High Risk
Since July 9, GOLD has been in an uptrend, rising to 3375 as its current high.
The market focus is solely on the Fed’s interest rate cut and when it might happen. Today we have the US CPI data in about 30 minutes. The market expects the CPI to be 2.7% vs. 2.4%.
The market is expecting a bullish data, which increases the odds that the Fed will not cut rates anytime soon and should reduce the odds of an interest rate cut at the July meeting.
From a technical perspective, the price is already facing a strong zone and the chances of a decline are high. However, this trade carries a higher than normal risk, as we can never know how the market may interpret inflation data and its impact on future interest rate cuts.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
GOLDCFD trade ideas
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.
HelenP I. Gold will continue to decline and break support levelHi folks today I'm prepared for you Gold analytics. After a prolonged period of consolidation, we can observe how price has formed a symmetrical pennant pattern. Price respected both the descending and ascending trend lines, bouncing several times from each side. Recently, gold tested the upper boundary of the pennant near the 3390 resistance level but failed to break through, confirming the strength of the resistance zone between 3390 and 3400 points. Following this rejection, the price started to decline and is now approaching the support level around 3305. If this support doesn’t hold, the price may drop further and break out of the pennant downward. In that case, the nearest significant target lies at 3280 points — near the lower trend line and previous reaction zones. Given the current structure, repeated rejection from resistance, and narrowing volatility inside the pattern, I expect XAUUSD to exit from the pennant and move down, breaking the support zone. That’s why I remain short-term bearish and set my goal at 3280 points. If you like my analytics you may support me with your like/comment.❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
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 3356 and a gap below at 3331. 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
3356
EMA5 CROSS AND LOCK ABOVE 3356 WILL OPEN THE FOLLOWING BULLISH TARGETS
3381
EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGET
3404
EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3424
EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3458
BEARISH TARGETS
3331
EMA5 CROSS AND LOCK BELOW 3331 WILL OPEN THE FOLLOWING BEARISH TARGET
3311
EMA5 CROSS AND LOCK BELOW 3311 WILL OPEN THE SWING RANGE
3289
3266
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
XAUUSD Daily Sniper Plan – July 14, 2025Hey team 👋 and welcome to a fresh new week on the charts!
We’re starting this Monday without any major news — just pure price action, clean zones, and structure doing all the talking. No distractions. No excuses. Let’s lock in our focus and let the market show us where the edge is.
🔸 Bias: Bearish while below 3390
Last week’s rejection from the H1 premium zone (around 3375) created clear signs of exhaustion. Price is now forming lower highs and lower lows, with clean CHoCHs on both H1 and M15. Until we reclaim 3390, we remain bearish — waiting for the next lower high to form.
🔽 Sniper Sell Zones (above current price)
3360–3370 → H1 premium FVG + CHoCH OB + EMA5 cap
3380–3390 → Inducement zone + internal imbalance + RSI divergence
🔼 Sniper Buy Zones (below current price)
3310–3320 → Discount FVG + BOS base + HL support
3280–3290 → Final HL structure zone + fib 61.8% + OB + RSI oversold
🟡 Decision Zone:
3330–3340 → Neutral zone
→ Wait for break and retest or rejection confirmation.
→ No setup = no trade.
🧠 Battle Plan – Execution Scenarios:
🔴 Scenario A – Bearish Setup Active:
If price returns to 3360–3370 or 3380–3390 and shows M15/M30 rejection → enter short.
Target: 3330 → 3310.
If 3390 is broken and held → cancel short bias.
🟢 Scenario B – Bullish Setup Activated:
If price sweeps 3320 or 3290 and reacts with strong bullish PA (engulfing or CHoCH) → enter long.
Target: 3340 → 3360.
No confirmation = stay flat, do not anticipate.
🟡 Scenario C – No Reaction / Choppy Flow:
If price consolidates between 3330–3340 without clean rejection or break → wait.
Let price show its hand. Today is Monday — we need clarity, not emotion.
Every level in this plan was drawn with purpose — no shortcuts, no borrowed zones.
If you value structure, discipline, and originality in your trading, you’re in the right place.
Your support means everything — I see every 🚀 and every comment, and I appreciate this community deeply.
Let’s keep growing, with real work and real structure.
Follow GoldFxMinds — we stay sharp, we stay true. 💛
📎 Trade Nation Disclaimer
Chart and structure based on Trade Nation broker feed on TradingView. For educational purposes only — not financial advice.
GOLD (XAUUSD): Mid-Term Outlook
Analysing a price action on Gold since March,
I see a couple of reliable bullish signals to consider.
As you can see, for the last 4 month, the market is respecting
a rising trend line as a support.
The last 4 Higher Lows are based on that vertical support.
The last test of a trend line triggered a strong bullish reaction.
The price successfully violated a resistance line of a bullish flag pattern,
where the market was correcting for almost a month.
A strong reaction to a trend line and a breakout of a resistance of the flag
provide 2 strong bullish signals.
I think that the market may grow more soon and reach at least 3430 resistance.
An underlined blue area will be a demand zone where buying orders will most likely accumulate.
❤️Please, support my work with like, thank you!❤️
Gold 30Min Engaged ( Bearish Reversal Entry Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸Bearish Reversal 3378 Zone
➗ 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.
☄️ Hanzo Protocol: Dual- Entry Intel
Zone Activated: Deep Analysis
➕ 4 wicks connected at 3378
➕ 7 wicks connected at 3385
➕ Body Close at 3370
➕ Body Close at 3385
➕ Liquidity at 3380
Gold Looks Bullish: technical and fundamentalHi Guys!
Gold is starting to flash major bullish signals, and this time, it’s not just about the chart. The technical setup is clean, but we’re also seeing fundamental tailwinds that could fuel a bigger move.
Let’s break it down
1. Technical Setup: The QML Reversal Is In Play
On the 1H chart, Gold is showing a textbook Quasimodo (QML) reversal pattern. Price made a lower low, then reversed up to break structure, and now it’s pulling back and respecting the key QML zone around $3,296.
This zone has turned into strong support. As long as we stay above it, the structure suggests a continuation toward $3,367 — a clean upside liquidity target and the previous high.
Strategy: Look for pullbacks into $3,296 for potential long entries with targets around $3,367 or higher.
2. Fundamental Tailwinds: Why Gold Is Gaining Strength
The fundamentals are stacking up in Gold’s favor right now. Here’s what’s fueling the move:
- Weakening USD & Rate Cut Expectations
With the Fed increasingly signaling rate cuts by late 2025, the US dollar is losing steam. Lower interest rates reduce the opportunity cost of holding non-yielding assets like Gold, making it more attractive to investors. Traders are already pricing this in.
- Softening Economic Data
Recent U.S. data, including weaker-than-expected job growth and declining manufacturing numbers, points to a slowing economy. That puts more pressure on the Fed to pivot dovish, which historically sends Gold higher.
- Central Bank Demand
Global central banks (especially in Asia) continue to accumulate physical Gold as part of their long-term reserve strategy. That institutional demand provides strong support at lower levels.
Technical + Fundamental = Strong Bullish Bias
We’re seeing a solid confluence here:
Chart says long (QML + bullish structure)
Macro says long (dovish Fed + weaker dollar + safe haven demand)
Drop your thought here!
Gold 30Min Engaged ( Dual Entry's Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸Bullish Reversal 3357 Zone
🩸Bearish Reversal 3357 Zone
➗ 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.
Gold Trade Plan 16/07/2025Dear Traders,
Date: July 16, 2025
📉 Overview:
The chart shows price action at a key confluence zone:
The long-term ascending trendline (black) still holds as strong support.
The blue demand zone aligns with the trendline and the bottom of the descending channel.
A downward-sloping channel indicates short-term bearish correction.
🔍 Likely Scenarios:
A short-term pullback to the 3310–3320 support zone (confluence of trendline and demand).
If this support holds, we may see a bullish rebound toward 3375 and a potential breakout above the channel (toward 3380+).
If the support fails, further downside toward 3280 is possible.
📌 Conclusion: The 3310–3320 zone is critical. Watch for price action signals in this area to decide on long or short positions.
Regards,
Alireza!
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 Last move down Next Target after this Breakout?Gold edged higher on Tuesday ahead of key U.S. inflation data, which is expected to provide clearer insight into the Federal Reserve’s future interest rate decisions. Market participants are watching closely for any signals that could influence the dollar and yields, thereby impacting gold prices.
Technical Outlook:
Gold has entered a potential buy zone, showing signs of bullish support Price recently retested the 3353 level, forming a long squeeze setup and now aiming to challenge the resistance at 3373. A successful breakout above 3373 could open the path toward the 3400 and 3432 long-term targets.
On the downside, a retest of the key 3345 level is also possible. This zone between 3345 – 3353 is seen as strong support, and as long as bulls defend it, upward momentum remains likely.
PS: Support with like and comments for more batter insights to share with you.
XUA/USD) Bullish Analysis Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) analysis on the 3-hour
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Gold (XAU/USD) 3H Technical Analysis Summary
Market Structure: Bullish breakout
Price has successfully broken above both the downtrend line and the support zone (highlighted in yellow), signaling a shift in structure from bearish to bullish.
Key Support Zone:
The yellow zone (~3,335–3,355) was previously a resistance area. After the breakout, it is acting as a strong support level and has been retested.
Trendlines:
Downtrend line: Broken and retested.
Uptrend line: Guiding current price action, supporting higher lows and forming an ascending channel.
200 EMA (blue line):
Price is trading above the EMA 200 (~3,331), confirming bullish bias and providing dynamic support.
Momentum (RSI 14):
RSI is around 67.85, showing strong bullish momentum.
Nearing overbought, so a minor pullback or consolidation could occur before continuation.
Volume:
Increase in buying volume near breakout area suggests institutional interest or strong buyer conviction.
Mr SMC trading point
---
Conclusion:
Price has shifted into a bullish continuation pattern.
A successful break and retest of structure and trendlines increases the likelihood of further upside.
As long as price holds above the yellow support zone and the uptrend line, bullish momentum is favored.
Short-term pullbacks may offer new long opportunities.
---
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XAU/USD 4H Bearish Continuation Setup Analysis:Price recently rejected from the key resistance zone around 3,370–3,380 (highlighted in yellow).
A double top pattern is evident, indicating bearish pressure.
Price broke the rising trendline support and is forming lower highs.
Immediate support levels lie at:
3,291.46
3,290.79
A confirmed break below this support could send price toward the next major support at 3,250.04, which aligns with the projected move.
Bearish Bias:
As long as price remains below 3,344, the structure favors further downside.
Watch for a break and retest of the 3,291–3,290 zone for confirmation.
📉 TP Zones:
TP1: 3,291
TP2: 3,250
🛑 Invalid if price breaks above: 3,344
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 WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our Weekly Chart idea.
As of now, nothing has changed structurally, the framework remains fully intact, and price continues to trade cleanly within the defined range.
After delivering a rejection at the channel top, price pulled back into 3281 support, where buyers once again stepped in decisively. That level held firm on a weekly closing basis, validating it as a reliable pivot and launching price back into bounce mode.
Despite the progress, we’ve yet to test the 3387 gap, which continues to act as a short term magnet. The longer range gap at 3482 also remains open and in focus as the larger objective.
Key takeaways from the current structure:
🔹 Structure unchanged:
The rising channel remains orderly. EMA5 still hasn’t locked bearishly, and the mid-line continues to climb beneath price, maintaining a constructive bias.
🔹 Support confirmed – 3281:
Held for a second time, reaffirming its significance in the broader structure.
🔹 3387 gap still in play:
While price is gravitating toward this zone, it has not yet been tested. Expect a reaction on first contact.
Updated Levels to Watch:
📉 Immediate Support – 3281
Held again, reinforcing its status as the key structural axis.
📈 Resistance 1 – 3387
Still untested. Remains the active near term target.
📈 Resistance 2 – 3482
Unfilled weekly gap and broader objective.
Plan:
As long as 3281 continues to hold, the bias remains for a measured grind higher toward 3387 and, eventually, 3482. If 3281 fails, we’ll reassess at the rising mid line for the next structured long opportunity.
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 Roadmap=>Short termGold ( OANDA:XAUUSD ) currently appears to have broken through the Resistance zone($3,350-$3,325) .
The Resistance zone($3,350-$3,325) was broken with the help of the Descending Broadening Wedge Pattern , the upper line of this classic pattern having served as an important resistance line for us in previous ideas .
In terms of Elliott wave theory , Gold has completed the Double Three Correction(WXY) within the Descending Broadening Wedge Pattern . It is currently completing the next five impulse waves . Wave 5 of these waves could end in the Potential Reversal Zone(PRZ) .
I expect Gold to rise to the Potential Reversal Zone(PRZ) , and of course, given the momentum of gold approaching PRZ , we can also look for Short positions in PRZ .
Note: Stop Loss (SL) = $3,329
Gold Analyze (XAUUSD), 1-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.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Learn 2 Essential Elements of Forex Gold Trading
In the today's post, we will discuss how Forex Gold trading is structured, and I will share with you its 2 key milestones.
Trading with its nuances and complexities can be explained as the interconnections of two processes: trading rules creation and trading rules following.
1️⃣ With the trading rules, you define what you will trade and how exactly, classifying your entry and exist conditions, risk and trade management rules. Such a set of consistent trading rules compose a trading strategy.
For example, you can have a following trading plan:
you trade only gold, you analyze the market with technical analysis,
you buy from a key support and sell from a key resistance on a daily, your entry confirmation is a formation of a reversal candlestick pattern.
You set stop loss above the high/low of the pattern, and your target is the closest support/resistance level.
Here is how the trading setup would look like.
In the charts above, all the conditions for the trade are met, and the market nicely reached the take profit.
2️⃣ Trading strategy development is a very simple process. You can find hundreds of different ones on the internet and start using one immediately.
The main obstacle comes, however, with Following Trading Rules.
Following the rules is our second key milestone. It defines your ability to stay disciplined and to stick to your trading plan.
It implies the control of emotions, patience and avoidance of rationalization.
Once you open a trade, following your rules, challenges are just beginning. Imagine how happy you would feel yourself, seeing how nicely gold is moving to your target after position opening.
And how your mood would change, once the price quickly returns to your entry.
Watching how your profits evaporate and how the initially winning position turns into a losing one, emotions will constantly intervene.
In such situations, many traders break their rules , they start adjusting tp or stop loss or just close the trading, not being able to keep holding.
The ability to follow your system is a very hard skill to acquire. It requires many years of practicing. So if you believe that a good trading strategy is what you need to make money, please, realize the fact that even the best trading strategy in the world will lose without consistency and discipline.
❤️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.
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 saw 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.
Since last week’s update, nothing has changed structurally – the range remains intact and fully respected. Price is still trading between the well defined 3272 support and the untested 3433 resistance. We’ve yet to revisit 3433, which remains our key upside target and a potential inflection point.
Here’s what we’re focusing on next:
🔹 Range scenario active:
Until price breaks out cleanly, we anticipate continued swings between 3433 resistance and 3272 support. This remains the active range setup.
🔹 EMA5 cross and lock:
We’re still watching for a decisive EMA5 break and lock. Without that, we expect more range-bound action rather than a breakout.
🔹 Structure remains intact:
No EMA5 breakdown off 3272 during the recent retest means buyers are still in control. Dips into 3272 remain valid long entries within this structure.
Key Levels This Week
📉 Support – 3272
Proven bounce zone. Continues to hold structure. As long as this holds, the bias remains constructive.
📈 Resistance – 3433
Open gap + channel top confluence. Still untested. Watching for a reaction or breakout confirmation here.
Thanks again for all the continued support, your likes, comments, and follows mean the world.
Wishing you another focused and profitable week ahead!
Mr Gold
GoldViewFX
XAUUSD Gold price moves closer to three-week peak amid modest USD downtick
Gold price regains positive traction amid a modest USD pullback from a multi-week high. Persistent trade-related uncertainties also lend support to the safe-haven precious metal. Reduced Fed rate cut bets might cap the commodity ahead of the critical US CPI repo
Fundamental Overview
Amid US President Donald Trump’s fresh tariff threats announced late Monday and his latest criticism of Federal Reserve Chairman Jerome Powell, Gold traders resorted to profit-taking after the bright metal hit a three-week high of $3,375 while bracing for the US inflation report for June.
Trump threatened to impose 100% tariffs on Russia if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days, per Bloomberg.
Meanwhile, the US President renewed his attacks on Powell, noting that “interest rates should be at 1% or lower, rather than the 4.25% to 4.50% range the Fed has kept the key rate at so far this year.”
Markets now price in 50 basis points of Fed interest rate cuts by year-end, with the first reduction foreseen in September.
However, it remains to be seen if these expectations hold ground following the US CPI data publication.
Economists are expecting the US annual CPI and core CPI to accelerate 2.7% and 3% in June, reflecting the tariff impact feeding through prices. Meanwhile, the monthly CPI and core CPI inflation figures are set to rise to 0.3% in the same period.
Hotter-than-expected US CPI monthly or annual readings could reinforce the Fed’s patient outlook, pushing back against expectations of two Fed rate cuts this year.
This scenario could help the US Dollar (USD) extend its recovery at the expense of the non-yielding Gold price.
Alternatively, if the data come in below forecasts, it could provide a fresh tailwind to the Gold price on renewed bets that the Fed will remain on track for two rate cuts.
BAY TP
TP 1 3,371
TP 2 3,391
TP 3 3,412
SELL PT
TP 1 3,337
TP 2 3,311
TP 3 3,286