Gold Weekly Analysis | Will $3,360 Break or Hold? [July 14–18]

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In this video, I break down the recent gold price action and what to expect in the coming week. We’ll review how gold responded to last week’s FOMC minutes, why $3,360 remains a key decision zone, and what upcoming U.S. economic data (CPI, PPI, Retail Sales) could mean for price movement.

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Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.

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🎯Market Update – [Monday Follow-Up]

The new week kicked off on a bullish note, pushing up toward the $3,374 level [resistance]. But that zone acted as a ceiling, price got rejected and slid back down into the $3,354 support area.

What that gave us is a tight $20 range; a key structure that's now shaping how the market wants to behave, especially as we move into today's London and New York sessions.

🧨 Global trade tensions just took a fresh turn as President Trump slapped new tariffs across multiple trading partners, and that’s shaking the risk mood again. In times like this, traders naturally start shifting capital toward safe-haven assets and gold is high on that list.

But here’s the twist: even though gold should be flying higher on trade war headlines, the market is still cautious, possibly waiting for more clarity or a real catalyst before committing in one direction.

🔍 On the 1-hour timeframe, I’ve marked out a new structure that captures the current sentiment, and that’s what I’ll be using to guide my decisions today.

We’ll dive into a detailed understanding of the market dynamics during my upcoming live stream... See you there!

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🟡 Trade Update – Post Live Stream

Buy position has been triggered at $3,360 with over 100 pips in profit.
As discussed during the session, we’ve agreed to secure the position and now patiently watch how the price reacts around the $3,374 resistance zone for new trading opportunities.

📈 [See chart below for reference]

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🔔Market Update

After sellers took control of the market on Monday, a move further fueled by the sticky US inflation data from the CPI report. Gold now maintains a bearish tone ahead of today's session, reinforcing expectations of a cautious Fed.

Price action has since evolved into a descending channel structure on the 1H timeframe, which will be a key guide in today’s trading decisions.

📉 During the Asian session, we saw some dip-buying interest emerge around the support line of this channel, but the upside appears capped as traders await the US Producer Price Index (PPI) later today. This data will offer further clues on inflation and, by extension, the Fed’s next steps.

The technical structure (see chart below) aligns with the current sentiment. We'll break it all down in detail during the upcoming live stream this morning... See you soon!

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📢 Structural Update (15M Timeframe)

As discussed in our just-concluded live stream, here's a quick update on the new 15-minute structure we’ll be using to navigate the market today.

The updated chart below highlights key levels and evolving price behavior as traders await the outcome of the US PPI data and Industrial Production report, both of which could spark volatility and shift sentiment.

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📉 Trade Update

The first sell position has been triggered following the breakdown/retest of the $3,339.50 level.

We’re securing the position now as we watch closely to see how price reacts around the $3,335 zone, especially heading into the New York session.

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📢 Market Update – Pre-Live Session Brief

Price action is currently trading within a descending channel on the 1H timeframe [see chart below], which will serve as my guiding structure in today’s trading session. This channel accurately reflects the prevailing market sentiment, as Gold continues to struggle to capitalize on its overnight bounce.

Despite recent attempts to recover, the risk-on environment, driven by improving appetite for equities and reduced demand for safe-haven, is undermining Gold's upside potential.

We'll be unpacking this market dynamic in full detail during our upcoming live stream... See you soon!

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Disclaimer

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