🔎 TECHNICAL ANALYSIS
Currently, Gold is moving in Wave 5 of the primary impulse structure. Key price zones have been clearly identified:
🟢 Main Trading Plan: Prefer BUY
✅ BUY LIMIT around: 3312.5
🛡 Stoploss: 3309
🎯 Expected Target:
Short-term: 3336–3342
Medium-term: 3361 (OBS Supply)
Longer-term: Potentially test WEEK HIGH ~3365–3367
Note: 3312.5 is a strong confluence zone consisting of:
H4 FVG
Liquidity Pool
Option data shows concentration of funds at this zone
Wyckoff structure clearly indicates ST (secondary test) at this zone
🛑 SELL Setup – If you're scalping or trading corrective waves:
SELL GOLD WAVE 5 Zone: 3336–3338
SL: 3342
Expect a pullback to 3312.5 before continuing upwards
Scenario: This is a small corrective wave 4 within the larger Wave 5.
📊 CHART 2 – WYCKOFF PHASE C–D SUPPORT
The supplementary chart shows a clear WYCKOFF accumulation model:
Phase C is complete → Currently in Phase D (Markup Phase)
The upward wave from ~3285 has completed 5 small Elliott steps, preparing for a pullback to the support zone (3312.5) before breaking higher.
🌐 MACROECONOMIC NEWS AFFECTING GOLD
🏦 The Fed is expected to keep interest rates high in July with a 93.3% probability → Weaker USD, supporting higher Gold prices
📉 US bond yields are declining, increasing demand for safe-haven assets
🪙 Tether is quietly accumulating 80 tonnes of gold in Switzerland – A signal of the trend toward physical asset accumulation for safety
🧾 FOMC meeting minutes: Most members believe tariffs could have a long-term impact on inflation → Expect Gold to remain positively supported
✅ CONCLUSION
For today and the next few sessions, the BUY GOLD scenario at 3312.5 remains the main strategy, with expectations of movement towards higher levels. Be cautious when the price reaches the 3336–3338 zone, as a small pullback could occur.
"Price doesn't just reflect technicals; it also reflects sentiment – and today sentiment favours the buyers."
📌 SUMMARY TRADING PLAN:
BUY Limit: 3312.5
STOPLOSS: 3309
TP: 3336 - 3361 – 3367
Wave 5 Channel + Liquidity
SELL Scalp: 3336–3338
Stoploss: 3342 - 3312.5
Corrective wave, light scalp
📌 If you're trading Gold this week, remember to set clear SL levels and prefer to wait for a pullback – avoid FOMO at high prices.
Currently, Gold is moving in Wave 5 of the primary impulse structure. Key price zones have been clearly identified:
🟢 Main Trading Plan: Prefer BUY
✅ BUY LIMIT around: 3312.5
🛡 Stoploss: 3309
🎯 Expected Target:
Short-term: 3336–3342
Medium-term: 3361 (OBS Supply)
Longer-term: Potentially test WEEK HIGH ~3365–3367
Note: 3312.5 is a strong confluence zone consisting of:
H4 FVG
Liquidity Pool
Option data shows concentration of funds at this zone
Wyckoff structure clearly indicates ST (secondary test) at this zone
🛑 SELL Setup – If you're scalping or trading corrective waves:
SELL GOLD WAVE 5 Zone: 3336–3338
SL: 3342
Expect a pullback to 3312.5 before continuing upwards
Scenario: This is a small corrective wave 4 within the larger Wave 5.
📊 CHART 2 – WYCKOFF PHASE C–D SUPPORT
The supplementary chart shows a clear WYCKOFF accumulation model:
Phase C is complete → Currently in Phase D (Markup Phase)
The upward wave from ~3285 has completed 5 small Elliott steps, preparing for a pullback to the support zone (3312.5) before breaking higher.
🌐 MACROECONOMIC NEWS AFFECTING GOLD
🏦 The Fed is expected to keep interest rates high in July with a 93.3% probability → Weaker USD, supporting higher Gold prices
📉 US bond yields are declining, increasing demand for safe-haven assets
🪙 Tether is quietly accumulating 80 tonnes of gold in Switzerland – A signal of the trend toward physical asset accumulation for safety
🧾 FOMC meeting minutes: Most members believe tariffs could have a long-term impact on inflation → Expect Gold to remain positively supported
✅ CONCLUSION
For today and the next few sessions, the BUY GOLD scenario at 3312.5 remains the main strategy, with expectations of movement towards higher levels. Be cautious when the price reaches the 3336–3338 zone, as a small pullback could occur.
"Price doesn't just reflect technicals; it also reflects sentiment – and today sentiment favours the buyers."
📌 SUMMARY TRADING PLAN:
BUY Limit: 3312.5
STOPLOSS: 3309
TP: 3336 - 3361 – 3367
Wave 5 Channel + Liquidity
SELL Scalp: 3336–3338
Stoploss: 3342 - 3312.5
Corrective wave, light scalp
📌 If you're trading Gold this week, remember to set clear SL levels and prefer to wait for a pullback – avoid FOMO at high prices.
Trade active
BUY GOLD 3312 - 3310 +50PIPSNote
+60pips ! 6R
Trade closed: target reached
SL 10pips TP120pipsNote
SELL GOLD 3336 +120pips ! Reach Target
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🔱 Latest Daily Plan – Updated with 4–6 Free Gold Signals Daily
Join now: t.me/+BT9z8lt4yJ01OGVl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔱 Trade with Smart Money – ICT Concepts & Price Action
🔱 Latest Daily Plan – Updated with 4–6 Free Gold Signals Daily
Join now: t.me/+BT9z8lt4yJ01OGVl
🔱 Latest Daily Plan – Updated with 4–6 Free Gold Signals Daily
Join now: t.me/+BT9z8lt4yJ01OGVl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.