WEEK PLAN | Is This Gold Rally Setting Up a Liquidity Trap?Gold is currently trading between a high-liquidity resistance zone and a strong order block near the lows. Although short-term price action shows signs of bullish strength, the broader outlook this week remains uncertain due to upcoming key US economic events. Expect volatility spikes and potential price traps in both directions.
🧠 Fundamental Outlook
FOMC Meeting Minutes (Wednesday, 9 July): Markets will watch closely for any signals of future rate cuts.
US Unemployment Claims (Thursday, 10 July): Strong labour data could boost the US dollar and pressure gold.
FOMC Member Waller Speaks (Thursday, 10 July): A hawkish tone could limit any upward moves in gold.
📊 Key Trading Zones
Price Zone Type Description
3,387 – 3,439 Sell Zone High liquidity area; weak highs may lead to a false breakout
3,240 – 3,260 Buy Zone Strong demand zone with order block and trendline confluence
3,365 Weekly High Potential resistance or breakout trigger depending on data
🛠️ Trade Ideas (Entries Unchanged as Requested)
✅ 1. BUY GOLD
Entry: 3,346 – 3,344
Stop Loss: 3,340
TP1: 3,356
TP2: 3,366
TP3: 3,376+ (Open Target)
Reason: Scalping buy from short-term support with room to target minor liquidity above.
✅ 2. BUY GOLD SCALPING
Entry: 3,291 – 3,289
Stop Loss: 3,285
TP1: 3,299
TP2: 3,310
TP3: 3,320+ (Open Target)
Reason: Quick entry on momentum breakout aiming for upside continuation.
✅ 3. SELL GOLD
Entry: 3,389 – 3,391
Stop Loss: 3,396
TP1: 3,381
TP2: 3,371
TP3: 3,361 (Open Target)
Reason: Fading a false breakout near supply zone, targeting the liquidity pocket below.
✅ 4. SELL GOLD
Entry: 3,349 – 3,351
Stop Loss: 3,355
TP1: 3,339
TP2: 3,329
TP3: 3,319 (Open Target)
Reason: Short setup from weak rally highs, ideal for intraday retracement.
📅 Important Events This Week
Date Event Expected Market Impact
9 July FOMC Meeting Minutes Likely increase in volatility
10 July US Jobless Claims (233K) Stronger USD could weigh on gold prices
10 July FOMC Waller Speech Additional pressure or boost depending on tone
⚠️ Trading Guidance
Stick to high-probability setups on H1–H4 timeframes using CHoCH, BOS, or FVG confirmations.
Refrain from entering trades 1 hour before or after major news.
Focus this week remains on the 3,260 – 3,439 range for key decisions.
