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GOLD trade ideas

Early Week Correction Ahead of Heavy News Flow GOLD PLAN – July 14 | Early Week Correction Ahead of Heavy News Flow 📰 Macro Context – Volatile Week Expected Gold opened this week with a sharp correction, retracing after sweeping liquidity from the previous 2-week FVG zone. This early reaction reflects investor caution ahead of key tariff-related announcements due later this week. In addition to geopolitical factors, the market is also bracing for major US economic data, including: 📊 CPI (Consumer Price Index) 📊 PPI (Producer Price Index) 📊 Unemployment Claims 📊 Retail Sales Figures These events combined make this a high-volatility week with potentially strong directional moves in the second half. 📉 Technical Outlook – M30 Timeframe Price has taken out minor liquidity above recent highs Currently retracing over $15 from the top Price is now trading below the intraday VPOC (around 3358) — suggesting potential bearish momentum If momentum continues, gold may dip into key demand zones: 🎯 333x 🎯 Possibly lower into 332x This could provide a healthy retracement before resuming the broader uptrend. 🧭 Trading Strategy ✅ BUY ZONE: 3331 – 3329 Stop-Loss: 3325 Take-Profits: TP1: 3335 TP2: 3340 TP3: 3344 TP4: 3350 TP5: 3360 – 3370+ 🔍 This zone aligns with prior support, potential liquidity traps, and EMAs on higher timeframes — high-probability area for bounce trades if volume confirms. ⚠️ SELL ZONE: 3393 – 3395 Stop-Loss: 3399 Take-Profits: TP1: 3390 TP2: 3386 TP3: 3382 TP4: 3378 TP5: 3374 – 3370 – 3360 📉 Great for short-term scalps if price re-tests the zone and shows rejection signs, especially around key news events. 📊 Key Levels to Watch 🔺 Resistance Zones 3358 3368 3374 3394 🔻 Support Zones 3349 3340 3331 3318 ⚠️ Execution Notes & Sentiment 🕰️ At the time of writing, gold is consolidating near the M30 VPOC with no clear break in either direction. 🧘 Stay patient and wait for clear confirmation from European session volume 🚫 Avoid FOMO trades — stick to structure ✅ Respect all SL/TP levels to protect your capital This week’s volatility will reward discipline, not speed. 📌 Summary Gold is currently in a short-term pullback after reaching previous liquidity zones. There’s potential for a deeper dip early this week before macro news pushes price decisively. 📌 3331–3329 remains the primary BUY zone to watch if price shows bullish confirmation. 📌 3393–3395 remains the key SELL zone for potential short-term rejections. 🔍 What’s your view this week? Are you looking to buy the dip or short the bounce? 💬 Drop your thoughts in the comments — let’s discuss setups! ✅ If this helped you, hit that like & follow for more daily plans. 📩 Want private signals & deeper trade setups? DM to join our premium group.
OANDA:XAUUSDLong
by MMFlowTrading
7.14 Gold Analysis7.14 Gold Analysis I. Market Review and Current Situation: Last week, the trend of gold showed a bottoming-out and rebounding pattern. Affected by the fluctuation of market sentiment at the beginning of the week, the price of gold once broke through the important psychological barrier of $3,300. However, as the market gradually digested the threat of radical tariff policies proposed by former President Trump (including the imposition of high tariffs on the European Union, Mexico, etc.), the demand for safe-haven re-heated, driving the steady rebound of gold prices. At the end of last Friday, the price of gold reached a high of around $3,368, and finally closed above $3,350 on a weekly basis. II. Key technical observations: 1. Daily level trend and risk: The current daily structure still maintains a bullish trend, and there is dense technical support below. The core support area is in the range of $3,320-3,340, which brings together key moving average systems (such as MA20, MA30, etc.) and the previous trading concentration area, forming an important bullish defense line. Key warning: Although the trend is bullish, the risk of chasing high is significant. If you chase more above $3350 or even $3360, once the gold price technically retreats to the 3340-3320 area for consolidation, the position will face greater floating loss pressure and psychological test of holding positions. III. 4-hour level short-term signal: The gold price failed to effectively stand above $3360 on the 4-hour chart, which is a signal worthy of vigilance, suggesting that the short-term upward momentum may be insufficient. This signal increases the possibility of gold prices falling back to the lower support again. The nearest support level clearly points to around $3340. This position is a key node for short-term long and short competition. If it is effectively broken, it may further test the 3320-3330 area. IV. Core drivers and event outlook: Tuesday's US CPI data (released on July 15): This is the most critical risk event that dominates the trend of gold prices this week. The market will assess the current state of US inflation based on this, and revise its expectations for the future monetary policy path of the Federal Reserve (especially the timing and magnitude of interest rate cuts) based on this. Any data that exceeds expectations (whether up or down) may trigger sharp fluctuations in gold prices. Trump's policy trends: His "important statement" on trade (high tariff threats) and the announcement of today's "important statement" on the Russian issue are still important sources of market uncertainty and risk aversion. The escalation of relevant remarks or measures will be good for gold, and vice versa, it may weaken safe-haven demand. US dollar trend: The US dollar index fluctuated upward last week (recorded its first increase in three weeks). Although it did not effectively break through the 98 mark, its relative strength has put a certain pressure on gold prices, and its trends need to be continuously monitored. 5. Intraday operation strategy: 1. The core idea before the release of CPI: cautious fluctuations and range operations. It is expected that before the release of the crucial US June CPI data (Tuesday), the probability of gold prices remaining in the range of 3360-3340 US dollars is very high. Market participants tend to wait and see, waiting for data to guide the direction. 2. Specific strategy: The upper edge of the range (near and above 3360 US dollars): It is not advisable to aggressively chase the rise. It can be considered as a short-term light position test, and the stop loss is strictly set above 3365/3370 US dollars. The target is 3345-3340 US dollars. The lower edge of the range (near 3340 US dollars): Pay attention to the defensive strength of bulls. If effective support is obtained in this area (such as a stabilization signal), you can consider light position layout of long orders, and set the stop loss below 3335/3330 US dollars. The target is 3350-3360 US dollars. Breakthrough strategy (low probability but need a plan): Break above 3365/3370 US dollars: The effectiveness and sustainability need to be confirmed. The aggressive can follow up with a light position, and the target is 3380 US dollars, but it is necessary to be wary of the risk of false breakthroughs before CPI, and the stop loss must be strictly enforced. Break below 3335/3330 US dollars: It may open the downward space to 3320 or even lower. You can consider shorting with the trend, and the target is 3310-3300 area, and the stop loss must also be strictly enforced. *Today, the gold market is in a "quiet period" before the release of key data. Although the overall technical trend remains bullish, and there is strong support in the 3320-3340 area below, it is difficult for gold prices to effectively break through last week's high (3368) and open up upward space in the absence of a new strong catalyst (CPI data). At the same time, the failure of the 4-hour chart to stand above 3360 also indicates a short-term correction risk. Therefore, the most likely path during the day is to fluctuate in the range of 3360-3340 US dollars. Traders should remain patient, adopt a strategy of light positions, high selling and low buying within the range, and strict stop loss, focus on avoiding the risk of chasing up and selling down before the release of CPI data, and wait for tomorrow's data to guide a clear direction. Be cautious in trading and control risks! I wish you a smooth transaction!
OANDA:XAUUSD
by EmilyShared256112
Good if break 3345 then again fall will ome buy above 3368How My Harmonic pattern projection Indicator work is explained below : Recent High or Low : D-0% is our recent low or high Profit booking zone: D13% -D15% is range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade Target : T1, T2, T3, T4 and . Are our Target zone
OANDA:XAUUSDShort
by EquityCommodityMarketJaiPrakas
Gold Finds Strength in UncertaintyGold prices surged for the fourth consecutive session after U.S. President Donald Trump announced a new wave of tariffs — including a 35% import tax on Canadian goods and threats of 15–20% tariffs on other major trade partners. Previously, the U.S. had already imposed a 50% tariff on copper and Brazilian imports. These aggressive trade measures have reignited fears of a global economic slowdown, prompting investors to seek refuge in gold. As a result, gold is increasingly viewed as a buying opportunity, with many prioritizing safety over chasing equity market highs. Adding to the bullish case, expectations of a Federal Reserve rate cut — reinforced by comments from Fed officials Waller and Daly — have further boosted the metal’s appeal. In summary, the mix of rising trade tensions and a dovish monetary outlook is providing strong short-term support for gold’s upward momentum.
OANDA:XAUUSDLong
by Kevinn_Nguyen
Gold Trading Strategy for 14th July 2025🟡 Gold (XAU/USD) Intraday Trade Setup Timeframe: 1-Hour Candle Strategy Instrument: Gold (Spot) – XAU/USD ✅ Buy Setup (Bullish Bias) 📈 Entry Trigger: Buy only if the 1-hour candle closes above the high and price sustains above $3369. 🎯 Targets: Target 1: $3379 Target 2: $3389 Target 3: $3399 🔒 Stop Loss (Suggested): Below the breakout candle low or $3360 (based on risk appetite and price action) 🔻 Sell Setup (Bearish Bias) 📉 Entry Trigger: Sell only if the 1-hour candle closes below the low and price sustains below $3342. 🎯 Targets: Target 1: $3331 Target 2: $3319 Target 3: $3305 🔒 Stop Loss (Suggested): Above the breakdown candle high or $3350 (based on price action) ⚠️ Disclaimer: This analysis is for educational and informational purposes only. Trading in commodities like gold involves high risk, and past performance does not guarantee future results. Please consult your financial advisor before making any investment decisions. Trade at your own risk. The author assumes no liability for any trading losses you might incur.
FOREXCOM:XAUUSD
by ramkkyy
GOLD | 15min Idea – 14 Jul 2025📌 GOLD | 15min Idea – 14 Jul 2025 Bias: Bullish while above trendline CMP: 3,355.75 Market Structure • Rising with HL-HH structure, holding above support box + up TL. • Minor consolidation before a possible breakout continuation. Levels │ R1 3,368 │ R2 3,391 │ S1 3,347 │ S2 3,325 Trade Plan 🟢 Pullback Long → Entry at 3,347–3,350 support zone  Targets 3,360 / 3,368 | SL 3,343 🔴 Breakdown Short → Entry on 15min close < 3,347  Targets 3,336 / 3,325 | SL 3,358 Notes • Uptrend intact but box needs clean breakout • Watch volume spike for confirmation Set alerts at 3,368 and 3,347. Risk ≤ 1 %.
CAPITALCOM:GOLDLong
by GlobalTradeSecurities
Gold (XAUUSD) | 4H Triangle Breakout SetupPrice is consolidating inside a symmetrical triangle with clear compression. We've just seen a breakout toward the upside, now testing a minor supply zone (3,355–3,365). I'm watching two scenarios: Bullish Case: Break and close above 3,393 confirms continuation toward 3,445–3,460 major supply. Bearish Case: Rejection from 3,355–3,365 zone could send price back to 3,300 or even to the 3,180 demand zone. Key Confluences: Triangle breakout Clean supply/demand zones Price structure support below Let’s see how price reacts. #gold #xauusd #priceaction #supplydemand #orderblock #technicalanalysis #breakout #forex
OANDA:XAUUSDLong
by badalsharma918
2
XAUUSD Bullish Breakout Imminent? Targeting 3500 +This is a long term plan not suitable for day trading and scalping Idea: Gold (XAUUSD) has been consolidating in a falling wedge pattern on the 4H chart — a classic bullish setup. We've already seen two previous impulsive rallies of ~17%, each adding ~$530 to the price. Currently, price is respecting the wedge resistance and appears to be gearing up for a breakout. If we break above the wedge, a similar move could project XAUUSD towards the 3650 zone, aligning with the previous move projection. Technical Highlights: 📊 Pattern: Falling wedge (bullish) ✅ Historical rallies of ~$530 (~17%) suggest similar potential 🎯 Target: 3650.743 🟢 Confirmation: Break and close above wedge resistance ⚠️ Risk: Failure to break may lead to another consolidation phase Strategy: Wait for a confirmed breakout with strong bullish candles and volume. Entry can be taken on retest of the breakout level, with SL below recent swing low.
OANDA:XAUUSDLong
by wkabichandra
TRADER PSYCHOLOGY - Overtrading The Silent Killer of ConsistencyTRADER PSYCHOLOGY | EPISODE 1: Overtrading – The Silent Killer of Consistency In the dynamic world of forex trading, success doesn't come from doing more — it comes from doing right. Yet many traders, especially full-time traders in India, unknowingly fall into a common psychological trap that slowly erodes both their capital and confidence: Overtrading. Let’s break it down — what overtrading is, why it happens, and most importantly, how to stop it before it burns through your progress. 🧠 What Is Overtrading in Forex? Overtrading refers to excessive trading – opening too many positions without clear signals or justification based on your strategy. In most cases, it’s driven by emotion, not logic. It usually shows up in two forms: Trading out of boredom or the urge to “do something” Trying to recover from previous losses (a.k.a. revenge trading) Over time, this behavior becomes a habit — and like most bad habits in trading, it’s expensive. ⚠️ Signs You Might Be Overtrading If you answer "yes" to any of these, it’s time to check your discipline: Do you feel uncomfortable when you’re not in a trade? Do you enter trades even when your system says “no trade”? Do you keep switching charts hoping to “find a setup”? After a losing trade, do you jump right back in to recover? Have you lost more to fees/spread than actual price movement? 🧩 Why Indian Traders Often Fall Into Overtrading 🔹 The Action Bias Traders often feel they must "do something" to be productive. In reality, sitting out is a strategy — especially when markets are flat or unclear. 🔹 Pressure to Perform Daily Many traders in India try to generate consistent income from trading — and assume they must win every day. That pressure leads to forcing trades just to “hit targets.” 🔹 Overconfidence After a Winning Streak Success leads to confidence — but too much confidence without structure leads to impulsive trading. One good day shouldn’t convince you that you’ve mastered the market. 🔥 Consequences of Overtrading Overtrading doesn’t just hurt your account — it breaks your mindset. Capital Depletion: Small losses + transaction costs = big drawdown over time Mental Burnout: You feel drained, frustrated, and reactive Lack of System Trust: You abandon good strategies because you never followed them properly Emotional Instability: You start making decisions based on fear or revenge, not analysis ✅ How to Control Overtrading – Practical Steps 1. Limit the Number of Trades Per Day Set a clear rule — e.g., “Maximum 3 trades per day.” This forces you to choose the best setups and ignore mediocre ones. 2. Keep a Simple Trading Journal Write down: Why you took the trade Whether it matched your plan Your emotional state Reviewing this weekly will reveal patterns you never noticed in real time. 3. Block Out Non-Active Trading Hours For Indian traders, this might mean avoiding low-volume periods like mid-Asia session. Focus on London or US overlap hours — when liquidity and volatility are high. 4. Understand: Not Trading Is Still Trading Being flat (no position) is a strategic decision. Markets reward patience, not impatience. 🎯 Final Thoughts Overtrading is not a technical issue — it’s a mindset issue. When you feel the urge to “do something,” remind yourself: the best traders don’t trade all the time. They wait, they observe, and they only act when everything aligns. "The market doesn’t pay you for activity — it pays you for accuracy." If you want to grow consistently, you must master the art of waiting, filtering, and executing with purpose. 📌 Next in the Series: TRADER PSYCHOLOGY | EPISODE 2: FOMO – How Fear of Missing Out Destroys Good Decisions Follow this page to get notified when it drops!
OANDA:XAUUSD
by MMFlowTrading
GOLD (XAUUSD) – NEXT WEEK PROFESSIONAL OUTLOOK & STRATEGY ### ✅ **Chart Observation** * **Timeframe:** 4H * **Pattern:** **Clear Flag Formation** identified after a sharp impulsive move up. * The flag is highlighted in **blue channel**, confirming classic **bullish continuation** structure. * Breakout above upper channel line **has already triggered** fresh momentum. --- 🔎 **Technical Analysis** * Flag patterns generally resolve in the direction of the prior trend — here **uptrend**. * The measured move target typically equals the flagpole length projected from breakout — *this suggests a near-term move toward the **3410–3420 zone**.* * Strong support now seen at **3320–3330** (previous consolidation + flag base). * RSI remains healthy near 55–65 on 4H, confirming momentum sustainability without extreme overbought risk. * Minor intraday resistance will be faced near **3380–3390**, but above that, clear runway toward **3410–3420**. 📈 **Next Week Short-Term Strategy (15–22 July)** ✅ **Bias:** **Bullish / Buy-on-Dips** ✅ **Buy Zone:** 3340–3350 (if retraced) ✅ **Targets:** 3380 / 3410 / 3420 ✅ **Stoploss:** 3317 (below flag structure base) ✅ **Aggressive Target Extension:** 3450 (if strong momentum continues mid-week) ⚡ **Key Support Levels:** * 3330–3340 (flag base & breakout retest) * 3317 (critical invalidation) ⚡ **Key Resistance Levels:** * 3380–3390 (first hurdle) * 3410–3420 (projected move from flag) * 3450 (extension) --- 💼 **WHITEROCK PRO INSIGHT:** This flag breakout shows a *classic textbook bullish setup.* Short-term view remains **strongly bullish** as long as price holds above **3320–3330 support zone.** ⚠️ Clients are advised to **accumulate on dips** within recommended zone and **scale out near upper targets** for efficient risk management. --- ⭐ **“Trade Smart. Ride the Trend. Be Ahead.”** ✅ *Stay connected for live levels, strategy updates, and premium support with WHITEROCK.*
OANDA:XAUUSDLong
by barotharshil14121992
Gold .....Triangle pattern in the making ?Do you see what i see ? Marked on the above chart are two triangular patterns which are identical in nature, one already formed and one in the making . if we break the sloping trend line on the upside, the targets mentioned is possible. stoploss for the trade will be the swing low of the structure which breaks the upper trend line. Plan your trade and then trade the plan. This is just my view. Trade according to your risk management or consult your financial consultant before taking the trade.
FXOPEN:XAUUSDLong
by stocksinboxx
1
XAUUSD - 1H SHORT (GOLD)FOREXCOM:XAUUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!
FOREXCOM:XAUUSDShort
by Phinics
6
XAUUSD Analysis – Bearish Pressure ReturnsGold is facing renewed bearish pressure, as the H4 chart shows a failed attempt to break above the resistance FVG zone around $3,339. The overall structure remains bearish, with a likely move toward the $3,264 support zone in the coming sessions. On the news front, recent U.S. CPI data came in stronger than expected, supporting the USD. Additionally, hawkish comments from Fed officials like Musalem, along with FOMC minutes showing no rush to cut rates, have stalled gold’s upward momentum. Meanwhile, the 10-year Treasury yield remains elevated, reducing the appeal of non-yielding assets like gold. If XAUUSD fails to hold above the $3,300 zone, a move down toward $3,265 is highly probable in the short term.
OANDA:XAUUSDShort
by Rocky_trade_
GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
OANDA:XAUUSDLong
by tradergyan01
7.11 Gold Analysis7.11 Gold Analysis At present, the long and short forces are in a tug-of-war between three key factors: 1. Expectations of Fed rate cuts (core support) Latest developments: Fed Governor Waller strongly called for a rate cut in July, but the market expects a rate cut in September with a probability of over 70% (CME data). The chairman of the San Francisco Fed expressed support for two rate cuts this year to ease inflation concerns. Influence mechanism: Rate cuts will lower real interest rates and the US dollar exchange rate, significantly reducing the cost of holding gold. If subsequent CPI/PPI data are weak or the job market deteriorates, the rally may be triggered in advance. 2. Middle East geopolitical risks (pulse momentum) Event escalation: The Israeli Defense Minister threatened to strike Iran again, and the risk of obstruction of Red Sea shipping increased. Risk aversion logic: If the conflict breaks out in substance (such as an attack on oil facilities), it will trigger a safe-haven fund to flow into gold. At the same time, the surge in oil prices may push up global inflation and strengthen the anti-inflation properties of gold. 3. Trump's tariff policy (stagflation catalyst) Policy impact: 50% tariff on Brazilian goods and imported copper (effective on August 1), triggering global supply chain disturbances. Double effect: Pushing up the US dollar in the short term will suppress gold prices, but it may aggravate stagflation risks in the medium and long term, providing underlying support for gold. Key contradiction conclusion: The expectation of interest rate cuts is the cornerstone of gold's trend rise, and geopolitical and tariff risks provide breakthrough momentum. If the three resonate (such as escalation of conflicts + September interest rate cuts + tariffs push up inflation), gold prices may quickly hit above $3,400. Technical multi-cycle analysis Daily level Pattern structure: Gold has fallen from the April high of $3,500, forming a triangular convergence pattern. After breaking through the previous high resistance of $3,346 and standing firm, it will enter the $3,350-3,374 oscillation box. MACD shows a golden cross signal, and RSI stands firm in the neutral zone of 55, indicating that bulls are accumulating power. Key watershed: Upward breakthrough point: $3374 (0.618 Fibonacci retracement level + previous daily high), after stabilization, it will open up the 3400-3420 space. Downward risk point: $3330 (10-day moving average + triangle upper rail), if it fails, it may drop to 3310-3280 support. Short cycle (4H/1H) 4-hour chart: The price runs in the rising channel (lower edge 3340/upper edge 3372), and the narrowing of the Bollinger Bands indicates that a breakthrough is imminent. Pay attention to the $3345 moving average support, and maintain the offensive if it holds. 1-hour chart: MACD top divergence repair is completed, and the high point of $3340 breaks through and stabilizes, which will trigger short-term follow-up buying. Today's key events and trading windows US June PPI annual rate: If the data is lower than the previous value of 2.2%, it will strengthen the logic of interest rate cuts and push up gold prices; Federal Reserve Board member Waller's speech: Dovish remarks may become a catalyst for breaking through $3,346; Israel Security Cabinet Meeting: Any signal of military action will trigger safe-haven buying. Today's strategy It is recommended to buy around 3,320, stop loss at 3,300. Target 3,340. If my analysis can help you, I hope you can cheer me up.
OANDA:XAUUSD
by EmilyShared256112
Gold Struggles Under Tariff Pressure Hello everyone, great to see you again! Today, OANDA:XAUUSD remains under notable pressure as the U.S. continues to signal a tougher trade stance. The latest move: the U.S. President announced a 50% import tariff on copper and a potential 200% tariff on pharmaceuticals, following a previous tariff notice ranging from 25% to 40% sent to 14 countries — including Japan, South Korea, Thailand, and Malaysia. This isn’t just about protectionism. These measures fuel fears of global inflation, supply chain disruptions, and a broader economic slowdown. With surging prices in raw materials and essential goods, consumers may be forced to cut back spending, a classic warning sign for future growth. In this environment, investors had hoped gold would shine again as a safe haven asset. However, the recent bullish momentum has been underwhelming, signaling ongoing market hesitation. 📉 On the H4 chart, XAUUSD is being squeezed into a descending pattern, which typically carries a high probability of a downside breakout. If the current support fails, the next target could fall below the 32xx area. On the flip side, if supportive news emerges — such as a hint of rate cuts from the Fed — gold must break above the $3,335 level to revive bullish sentiment. 🔎 What do you think? Will gold break lower — or bounce back? Drop your thoughts below!
OANDA:XAUUSDShort
by Kevinn_Nguyen
2
Gold Update - July 11th, 2025Gold is holding strong above 3300 on the daily close and today price breakout from the resistance trendline I mentioned yesterday. Also price is staying above the weekly pivot, which shows the bulls are getting more confident. We're seeing some real momentum building up. The breakout from that trendline resistance is a good sign that buyers are ready to push higher. Key Levels to Watch: Upside Targets: For intra day, watch 3340-45 as the next resistance area For the bigger timeframe, we need to break and hold above 3355-60. That's the major level that will tell us if this is just a bounce or the start of something bigger. Downside Support: If things go wrong, the weekly pivot is our first support to watch Also keep an eye on this week's low as backup support Gold is finally picking a direction and it's pointing up. The breakout from the trendline gives us some confidence, but we're still in range on higher TF. The real test will be if we can push through 3340-45 and then tackle that bigger 3355-60 area. If we can do that, then we might be back in business for the bulls.
FOREXCOM:XAUUSDLong
by TheGoldenCircle