GOLDMINI trade ideas
Gold Analysis and Trading Strategy | July 15✅ Fundamental Analysis
🔹Gold prices surged and then retreated yesterday, mainly due to risk-off sentiment triggered by Trump’s announcement of a potential 30% tariff on EU imports. However, this sentiment was offset by the EU’s softened stance, indicating that “negotiation is still possible.” Additionally, the strength in both the U.S. Dollar Index and Treasury yields added pressure on gold.
🔹Geopolitical risks continue to rise. The EU is preparing to impose retaliatory tariffs on €72 billion worth of U.S. goods, while Trump has threatened a 100% tariff on Russian products. The ongoing Russia–Ukraine conflict also has the potential to escalate further, adding underlying support for gold.
🔹Today, the U.S. CPI data will be released — a key event for market participants. A higher-than-expected CPI figure will likely reinforce expectations that the Fed will maintain high interest rates, which is bearish for gold. Conversely, a weaker-than-expected reading may boost rate-cut expectations and support gold prices.
✅ Technical Analysis
🔸Gold failed to break the key resistance at $3375. The daily candlestick closed with a long upper shadow and a bearish body, indicating strong selling pressure from above. The MACD is showing early signs of a bearish crossover, suggesting short-term weakness.
🔴 Key Resistance Levels: $3360–3365, $3375 (critical level)
🟢 Key Support Levels: $3340, $3325 (major downside support)
✅ Trading Strategy Reference
🔺 Long Position Strategy:
🔰 If the price pulls back and stabilizes around $3335–3340, consider entering a light long position. Set a stop-loss below $3325 and aim for a target of $3355–3365.
🔰 If the price breaks above $3365 and holds, consider following the breakout with a long position, targeting $3375–3385.
🔻 Short Position Strategy:
🔰 If the price rebounds to $3360–3365 and faces resistance, consider shorting. Set a stop-loss above $3365 and aim for a target of $3340. If that level breaks, look for $3330.
🔰 If the price breaks below $3330, consider a momentum short toward the $3320 zone.
✅ Gold is likely to remain in a consolidation range during the European session. Maintain a buy-low, sell-high strategy with light positions and strict stop-losses. Pay close attention to the support at $3340 and resistance at $3365. Before the U.S. CPI data release, it's recommended to manage risk and control position sizes to avoid unexpected volatility.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
Wait for hunt🟢 XAU/USD (30-Min Chart) | Bullish Structure Holding | Potential Breakout Setup
Price has been respecting a clean ascending trendline, forming higher highs and higher lows.
🔹 Support Zone Held:
After a corrective move, price bounced strongly from the minor demand zone (blue box) around the trendline — showing buyer strength.
🔹 Key Resistance Ahead:
Price is currently testing a major resistance supply zone (highlighted in blue above). This zone has previously acted as a strong rejection area. A breakout and retest above this zone could signal continuation of the uptrend.
🔹 Volume Observation:
There’s increasing volume on the bullish candles around the trendline area, suggesting accumulation.
🔹 Trade Idea:
Wait for a clean breakout and retest of the resistance zone for a potential long entry targeting the next significant resistance.
Alternatively, if price rejects this zone again and breaks below the trendline, short setups could be considered targeting the lower demand zone.
🧭 Bias: Bullish until the trendline is broken.
Gold Turns Bullish on Tariff threats, Bulls look at $3395-$3408As the US President Trump issues warning to slap sweeping tariff on EU and counter threats of EU retaliation sparks global macro economic concerns, Gold gets tailwind boosting prices to renewed rally towards $3365 and bulls reposition their bets on further upside targets reaching $3395 and $3408
The wave structure clearly shows rebound attempts as current bullish momentum supported by price stability above 4 hourly 50 EMA $3335 and recent decline found buyers at $3341 which shaped the recovery to $3365 with London opening.
Immediate resistance is seen located at 61.8%Fibonacci zone $3373 and a break above swing high $3375 will extend bullish advance towards next leg higher $3395 & $3408
Any rejection from $3375 will resume downward shift to $3350-$3340 below which further decline may retest $3325
Overall structure looks bullish subject to price stability above $3350-$3341
Elliott Wave Analysis – XAUUSD | July 14, 2025
🔍 Momentum Analysis
D1 Timeframe: Momentum is currently reversing to the upside, indicating that the bullish trend may continue into early next week (Monday).
H4 Timeframe: Momentum has entered the overbought zone, suggesting that a short-term correction is likely to bring momentum back down into oversold territory.
🌀 Elliott Wave Structure
On the H4 chart, we observe a contracting triangle pattern (abcde) approaching its final stages.
In the Friday trading plan, we anticipated that the corrective phase had ended and price was entering a new impulsive wave. However, there are two irregularities worth noting:
A pin bar candle with high volume has appeared at the resistance zone near 3365, while H4 momentum is overbought. This signals a likely short-term correction — something that ideally should not happen if price is already in wave 3. Ideally, price should have surged to 3402 on Friday to strengthen the bullish case.
On the H1 chart, bullish candles are small and overlapping, reflecting weak bullish momentum and a lack of conviction from buyers.
These two signs suggest that the market may still be within the correction phase, and the 3402 level will serve as a key confirmation zone to determine whether the correction has truly ended.
💡 Trading Outlook
The bullish momentum on the D1 chart still supports BUY positions for the coming week.
However, since the H4 chart is overbought, a short-term pullback is likely.
We will look to buy on dips toward lower support zones, targeting a move toward 3393 – 3402, which remains the target area as outlined in Friday’s plan with the original entry at 3332 – 3330.
📊 Trading Plan
BUY Zone: 3342 – 3340
Stop Loss (SL): 3330
Take Profit 1 (TP1): 3370
Take Profit 2 (TP2): 3393
XAUUSD – Gold Sideways, Awaiting Key Economic DataXAUUSD – Gold Sideways, Awaiting Key Economic Data: Will We See a Correction or Continued Uptrend?
🌍 Macro Overview – Waiting for Key CPI Data from the US
Currently, Gold is moving sideways in a wide price range (from the 3x price levels to 4x), awaiting important economic data this week from USD, GBP, AUD, and EUR.
📊 Key Economic Data Today:
The US CPI report will be released during the US session, one of the most crucial reports of the month.
CPI forecast is positive at 0.3%, which is considered a good sign for the US economy.
This data is expected to align with the recent Nonfarm results and could lead to a strong price movement at the time of the announcement, potentially helping to sweep liquidity.
🔍 Technical Analysis – Uptrend with Key Resistance
The current trend is still upward, but the movement on larger timeframes is not as strong.
Key resistance lies between 337x and 339x, where SELL orders are currently dominant.
If price breaks through these levels, Gold may find support to move towards 3400.
📈 Short-Term Forecast:
A pullback to around 333x is expected, providing a good BUY opportunity.
Looking further, 331x could be a possible target as the price range remains wide.
🎯 Trading Strategy for Today
🟢 BUY ZONE: 3331 – 3329
SL: 3325
TP: 3335 → 3340 → 3345 → 3350 → 3360 → 3370 → ????
🔴 SELL ZONE: 3392 – 3394
SL: 3398
TP: 3388 → 3384 → 3380 → 3376 → 3370
⚠️ Important Notes:
Watch for support and resistance levels to set up suitable Scalping trades according to the trend.
Follow the TP and SL to protect your account, and avoid FOMO when there's no confirmation.
The 3350 – 3347 range is a key zone for entering BUY trades early.
💬 What do you think about Gold’s movement today? Do you believe it will break above the resistance, or will we see further correction? Drop your thoughts in the comments below and join the discussion with fellow traders!
👉 If you’re looking for more daily updates and live discussions, don’t forget to follow and be part of our community! Let’s make the most of these market opportunities together.
Gold Price Today: Uptrend or Correction?The price of gol today is showing mixed trends, with key factors affecting the market. Expectations around Federal Reserve monetary policy and important economic data, such as CPI and unemployment rate, are directly influencing the precious metals market. Additionally, global political tensions and the strengt continue to play a significant role in gold's direction.
Gold remains a safe-haven asset amid economic uncertainty, but fluctuating interest rates and market volatility could lead to unpredictable movements.
Current Trend: Gold may experience a slight correction if economic data turns positive and the USD strengthens, but it still remains an attractive long-term asset due to global uncertainty and inflation.
XAUUSD / GOLD DAILY ANALYSIS FOR 15 JULY 2025
Gold XAUUSD daily analysis is given here all levels are maked to trade for today
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Gold at Critical Support After Fib Rejection CPI Day SetupGold has shown a rejection from the 60% Fibonacci resistance zone as we anticipated, and the price is now testing crucial support levels. The market is currently finding some stability around key areas that we need to monitor closely.
Our primary support zone remains at 3340-3345, which is particularly significant as this was the previous breakout area. This level has proven to be strong in the past and could provide the foundation for any potential bounce. Just below this, we have the 3335 pivot acting as additional support, creating a solid floor for the current price action.
What makes the current setup interesting is that price is attempting to reclaim the 3350 level. If we can see a successful breakout above Monday's high, this could trigger a strong bullish move as it would indicate that buyers are regaining control and pushing through previous resistance levels.
Today's CPI data release will be the main driver for gold's direction.
The trading scenario looks fairly straightforward a break above Monday's high with good volume would signal bullish momentum and could target higher resistance levels. we already seen a strong bounce from the 3340-3345 support zone in opening today,. However, if the 3335 pivot fails to hold, we might see further downside pressure.
Elliott Wave Analysis – XAUUSD | July 15, 2025
🟢 Trade Update
The BUY order at the 3342 – 3340 zone was triggered at 3341. As of now, price has moved up by 140 pips, and the market is still following the planned scenario from the previous analysis.
📊 Momentum Analysis
D1 Timeframe: Momentum is in the overbought zone, and indicator lines are showing signs of crossing — a warning signal of a potential reversal on the daily chart.
H4 Timeframe: After a 6-candle decline from 3377 to 3342, H4 momentum has reversed upward. With 2 bullish candles already formed, we expect another 3–5 bullish candles, aiming toward the 3390 zone.
🌀 Elliott Wave Update
Price action is currently moving toward the end of the abcde contracting triangle. We are monitoring two potential scenarios:
Scenario 1 – Ongoing Triangle Correction
If price returns to the lower boundary of the triangle, it is likely forming wave e, which would present a buy opportunity for the final leg of the triangle.
Scenario 2 – 5-Wave Impulse Extension
The current structure shows a 5-wave impulsive move, with wave 4 completed and wave 5 now beginning.
The projected target for wave 5 aligns with the resistance zone at 3398 – 3402.
After completing wave 5, the market could enter a corrective phase, consistent with the idea that wave d ends at this resistance.
🔔 If the price breaks above 3402, it would likely confirm that the abcde correction is complete and that a new impulsive bullish wave has started.
🎯 Trade Plan
📍SELL Zone: 3396 – 3398
⛔️ Stop Loss: 3406
🎯 TP1: 3376
🎯 TP2: 3327
📍BUY Zone: 3295 – 3293
⛔️ Stop Loss: 3285
🎯 TP1: 3327
🎯 TP2: 3365
🎯 TP3: 3402
✅ Note: Prioritize entries only after confirmation from price action and momentum at key levels.
Gold Trading Strategy for 15th July 2025📊 Gold Intraday Trading Strategy
💰 Buy Setup (Long Trade)
🔼 Buy Above:
If the price of gold closes above the high of the 1-hour candle and the level is above 💵 $3362, then it signals a buy opportunity.
🎯 Targets for Buy Trade:
1st Target: 💵 $3372
2nd Target: 💵 $3383
3rd Target: 💵 $3394
✅ Condition to Enter Buy:
Wait for a 1-hour candle to close above 💵 $3362. Don’t enter the trade while the candle is still forming. Enter only after the candle closes above this level.
💰 Sell Setup (Short Trade)
🔽 Sell Below:
If the price of gold closes below the low of the 1-hour candle and the level is below 💵 $3333, then it signals a sell opportunity.
🎯 Targets for Sell Trade:
1st Target: 💵 $3320
2nd Target: 💵 $3305
3rd Target: 💵 $3290
✅ Condition to Enter Sell:
Wait for a 1-hour candle to close below 💵 $3333. Enter the trade only after the candle closes below this level.
📌 Tips for Beginners
🕐 Use 1-Hour Timeframe: This means each candlestick on your chart represents 1 hour.
🔒 Risk Management: Don’t risk more than 1-2% of your capital per trade.
🧠 Stay Patient: Wait for confirmation before entering – never jump in early.
📈 Use Stop-Loss: Always place a stop-loss to limit losses in case the market moves against you.
⚠️ Disclaimer
📢 This is not financial advice. Trading in commodities like gold involves significant risk. This strategy is for educational purposes only. Always consult a financial advisor before making real trades. You are responsible for your own trading decisions.
Gold Trading Strategy | July 14-15✅ From the 4-hour chart structure, the short-term support to watch lies in the 3340–3345 zone, which corresponds to the neckline level on last Friday's hourly chart. This is a key support area. If a pullback holds above this level, it may serve as a new launching point for the bulls.
✅ A deeper support zone is located around 3325–3330, which serves as the dividing line between a strong and weak bullish structure in the short term. If this level is broken, the bullish continuation will need to be re-evaluated.
✅ From the daily chart perspective, as long as gold prices remain stable above 3325, the overall bullish trend remains intact. The strategy of "buying on dips" remains valid. As long as there is no confirmed breakdown below this level, the outlook remains bullish.
✅ Trading Strategy Suggestions:
🔰 Initial Buy Zone: Consider light long positions on a pullback to the 3340–3345 area.
🔰 Add-on Zone: If the price dips further to the 3330–3335 area, consider adding to long positions.
🔰 Target Zone: Look for an upside move toward the 3365–3370 area, paying attention to the strength of the rebound.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me.
XAUUSD Technical Breakdown – Smart Money Analysis 📊 XAUUSD Technical Breakdown – Smart Money Analysis (July 13, 2025)
Gold (XAUUSD) is currently presenting a textbook example of smart money behavior, with clear signs of institutional activity driving price action. The chart highlights multiple Breaks of Structure (BOS), signaling ongoing market manipulation phases and liquidity targeting.
🔼 Price recently surged into a strong resistance zone ($3,355 – $3,370) — an area where previous supply caused sharp rejections. This level has once again proven its strength, as price formed a new BOS immediately after testing this zone. The reaction suggests the presence of institutional sell orders.
📉 Bearish sentiment is reinforced by the series of lower highs and consistent BOS formations, pointing toward a likely continuation move to the downside. The next area of interest is the liquidity pool near $3,260, which holds resting stop orders from retail long positions. Smart money often drives price toward these levels to fill larger orders efficiently.
💡 Key Technical Observations:
Multiple BOS signals showing shifts in short-term trend.
Rejection from well-defined resistance implies a supply zone.
Bearish imbalance and clean structure favor continuation down.
Liquidity pool below is a prime target for institutional move.
🎯 Trade Idea (Educational Purpose):
Sell Zone: $3,360 – $3,370
Target: $3,260 – $3,300 (liquidity zone)
Invalidation: Clean breakout above $3,380 resistance zone
This setup demonstrates how understanding market structure, supply/demand zones, and liquidity pools can provide powerful insight into future price action. Always remember, smart money moves the market — your job is to follow the footprints, not fight the flow.
Donchain Channel Explainedthe donchian channel is a powerful trend-following indicator that helps traders visualize price breakouts, volatility, and market direction. it plots the highest high and lowest low over a selected period, forming an upper, lower, and middle band on the chart.
🔍 how it works
the donchian channel consists of:
🔹 upper band – highest high over the lookback period
🔹 lower band – lowest low over the same period
🔹 middle line – average of the upper and lower band (optional in some versions)
when price breaks above the upper band, it may indicate bullish momentum or a potential breakout. conversely, a break below the lower band suggests bearish momentum.
⚙️ customizable settings
you can adjust the channel period to fit your trading style:
📆 short periods (10–20) work well for scalping and intraday trading
📆 longer periods (50–100) help filter noise and spot bigger trends
🧠 how to use it
✅ trade long: can enter long when price closes above the upper band
✅ trade short: can enter short when price closes below the lower band
✅ ride trends: stay in the trade as long as price stays outside the band
✅ set trailing stops: use the opposite band as a dynamic stop-loss
✅ confirm signals: combine with volume, rsi, or moving averages for better accuracy
📈 strategy tips
• in trending markets, donchian channels can help capture large moves
• in ranging markets, be cautious of false breakouts
• works best when combined with a solid risk management plan
💡 the donchian channel was originally developed by richard donchian, a pioneer of trend-following systems. it remains popular among swing traders, breakout traders, and trend followers.
feel free to try it on different timeframes and instruments to see how price reacts to the channel boundaries. let the trend guide your decisions 📉📈
Disclaimer :
This post is not financial advice, it's for educational purposes only, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
XAUUSD at risk of dropping – is gold going to fall further?XAUUSD is currently trading around 3,355, close to the resistance at 3,375. After a strong rally, gold is facing difficulty at this level and is likely to experience a correction. A symmetrical triangle pattern is forming, and if gold fails to break through the resistance, the price could drop to 3,301 or 3,255.
In terms of news, the USD and U.S. bond yields are holding steady, with stable U.S. employment data and no clear signals from the Fed on interest rate cuts. Additionally, the World Gold Council warns of a potential correction in gold if global political tensions ease or if USD and bond yields continue to rise.
Sellers are starting to take control, and if the support at 3,320 is broken, gold could fall further. Keep a close eye on the market!
price increase, gold price towards 3385Plan XAU day: 14 July 2025
Related Information:!!!
An already fragile global risk sentiment has deteriorated further in response to renewed tariff threats from US President Donald Trump targeting two of the country’s major trade partners—Mexico and the European Union. In separate letters sent on Saturday to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, President Trump announced the potential for new tariffs, adding to more than 20 similar notices issued since last Monday.
This latest development has dampened investor appetite for riskier assets, as reflected in the broadly weaker tone across global equity markets, and may continue to provide support for safe-haven assets such as gold. However, mixed signals regarding the Federal Reserve’s near-term interest rate trajectory are preventing XAU/USD bulls from making aggressive moves or extending the recent rally to multi-week highs
personal opinion:!!!
Trade tensions between two major regions: the US and the EU, have made gold prices positive again, and market concerns that DXY and EURO will restrain each other's value.
Important price zone to consider : !!!
resistance zone point: 3385 zone
Sustainable trading to beat the market
Gold Analysis and Trading Strategy | July 14✅Gold opened with a gap up today, indicating a strong bullish trend, with the current price around 3370. After reaching a high of 3374 in the early session, gold is still consolidating at these high levels, awaiting buying pressure. Due to the gap up and subsequent rise, the short-term trend is likely to experience a gap fill. Additionally, considering the rapid rise, if a drop occurs during the European session, a pullback may follow. The upward curve is smooth, and the bullish momentum is strong, with the market still dominated by bulls. Therefore, today we should focus on strong support levels for buying opportunities, with the key entry point being around 3345-3350.
✅On the 1-hour chart, the moving averages continue to show a golden cross, indicating a bullish arrangement. In a strong market, a series of consecutive bearish candles can damage the upward pattern, while too many bullish candles can disrupt a downtrend. Therefore, attention must be paid to the strength of the candlestick patterns today. The current support level is near 3350, with further support at 3345. For the price to maintain this bullish trend, it should not fall below 3345 today. If gold retraces to 3350, it remains a buying opportunity.
🔴 Key Resistance Levels : The short-term resistance is in the range of 3392-3400. If this area is broken, gold could continue to rise.
🟢 Key Support Levels: Key support is at 3350, with further support at 3345.
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰When gold rebounds to around 3392-3395, consider selling in parts, with a stop loss of 8-10$ and a target of 3370-3360. If this level is broken, the next target would be 3350.
🔺 Long Position Strategy:
🔰When gold pulls back to around 3345-3350, consider buying in parts, with a stop loss of 10 points and a target of 3365-3385. If the price breaks through, the next target would be 3395.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me.
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.
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!