XAUUSD – Gold Intraday Market Outlook (22/07)PLan XAUUSD TRADING BY MMFLOW SYSTEM - 22/07
Gold saw a sharp rally yesterday, completing its bullish wave structure for the day. However, as price approached the key psychological resistance around $3400, we started to see signs of exhaustion, with a clear bearish reversal candle forming at the top. This is the first indication of a possible correction in today’s session.
🔍 Technical Analysis
After forming a short-term top, gold is now entering a retracement phase and has tested a major support area – the FVG High Zone on H1 timeframe. If bearish pressure continues and this zone is broken, price may drop further to seek deeper liquidity zones.
🔽 Buy Zones to Watch Today
✅ Zone 1 – EL (End Liquidity within FVG): 3367 – 3350
→ Historically a strong reaction zone – good for short-term bounce entries.
✅ Zone 2 – Confluence of FIBO 0.5 – 0.618 + VPOC (3350 – 3335)
→ Ideal for long-term buy setups, as this zone overlaps key technical signals and previously saw strong buyer interest.
📌 Trade Setup Suggestions
🔸 BUY ZONE: 3351 – 3349
SL: 3344
TP targets: 3355 – 3360 – 3365 – 3370 – 3375 – 3380 – 3390 – 3400 – ???
🔸 BUY SCALP: 3366 – 3364
SL: 3360
TP: 3370 – 3375 – 3380 – 3385 – 3390
🔻 SELL ZONE: 3420 – 3422
SL: 3427
TP: 3415 – 3410 – 3405 – 3400 – 3390 – 3385
⚠️ Risk Reminder
Although there’s no major economic data today, traders should stay cautious. Unexpected volatility could arise from political developments or central bank commentary. In low-news environments, gold tends to consolidate tightly and then break out aggressively.
🔐 Always use Stop Loss and Take Profit to protect your capital – the market can surprise even the most experienced traders.
📈 Trading Strategy
Short-term bias: Favouring a pullback scenario.
Medium to long-term plan: If price drops deeper into key liquidity zones, that could offer excellent opportunities to load up on long positions, anticipating a strong upside move as the market prices in future Fed rate cuts and gold seeks new all-time highs.
💬 Stay focused, trade with confirmation, and always manage your risk. Patience and discipline will separate you from the crowd.
