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.
