GOLD PLAN 21/07 – START OF THE WEEK FACES STRONG RESISTANCE

Jul 21

GOLD PLAN 21/07 – START OF THE WEEK FACES STRONG RESISTANCE – WAIT FOR CONFIRMATION!
Market Overview:

Gold rebounded swiftly after a minor correction late last week, mainly fueled by ongoing geopolitical tensions. While there are no major economic events scheduled this week, macro headlines and global conflicts will likely drive volatility and direction for gold prices in the coming sessions.

Technical Outlook:

Price is quickly approaching a key resistance zone and may retest the Buy Side Liquidity area around 3377 – 3380.

A short-term reaction from sellers is possible, aiming to fill the Fair Value Gaps (FVG) below.

⚠️ Selling at current levels carries higher risk unless clear reversal signals appear. Patience is key!

Trading Plan for Today:

🔹 BUY ZONE: 3331 – 3329
SL: 3325
TP Targets:
3335 – 3340 – 3344 – 3348 – 3352 – 3358 – 3364 – 3370

🔹 SELL ZONE (risky – confirmation needed): 3377 – 3379
SL: 3383
TP Targets:
3372 – 3368 – 3364 – 3360 – 3350

Key Notes:

The 3347 zone currently acts as short-term support for bulls. If this breaks, gold may slide back to fill lower FVG zones.

Watch closely for volume activity during the London session to confirm intraday bias.

Always respect your SL/TP levels to protect your capital, especially early in the week when volatility can spike unpredictably.

💬 Stay patient, trust the structure, and let price come to your zones. Trading is a game of waiting, not chasing!
Good luck, traders!

Jul 21

Trade active

🔗 Chart:

🟢 Market Update – Gold Bulls in Control After Key Breakout
✅ Breakout confirmed above the previous SELL ZONE at 3377 – 3379, showing that buyers are dominating the short-term trend.

📈 Price is now testing the upper resistance zone at 3385 – 3395, which previously acted as a distribution area during earlier rallies.

⚠️ Potential Reversal Alert
The OBS + FIBO 0.786 zone at 3385 – 3390 is a major resistance level, where strong selling pressure has emerged in previous sessions.

If we see a rejection candle or bearish engulfing pattern around this zone, it may signal a short-term pullback.

🔹 BUY SCALP Idea (in case of minor correction)
Entry: 3370 – 3368

SL: 3364

TP: 3375 – 3380 – 3388 – 3394

🔻 SELL Plan (Wait for clear bearish confirmation)
SELL ZONE: 3385 – 3392

SL: 3396

TP: 3380 – 3374 – 3368 – 3360

📌 Keep a close watch on price action around 338x – 339x for early signals. If price fails to reject and breaks higher, expect a possible move toward 3410 – 3420.