GOLD remains stuck near 3365
Price faced a strong resistance zone in the bullish move near 3365
If we look at the left side of the chart, it shows that it could fall further. The structure zone near 3365 seems to be ver.y strong.
As long as the price has not risen above 3392 when Iran attacked the US, then it should not break this area under normal conditions.
There is a high chance that a larger bearish wave will resume, but again it is very risky.
Today the economic calendar is almost empty, so we could see gold take a break, as shown on the chart before falling to 3285 and 3250 first.
It will also be affected by the tariff topic this week, because the deadline is July 9th. Trump is expected to create another mess.
In my opinion, with the current data, ARI is rising, the chances of falling further.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Price faced a strong resistance zone in the bullish move near 3365
If we look at the left side of the chart, it shows that it could fall further. The structure zone near 3365 seems to be ver.y strong.
As long as the price has not risen above 3392 when Iran attacked the US, then it should not break this area under normal conditions.
There is a high chance that a larger bearish wave will resume, but again it is very risky.
Today the economic calendar is almost empty, so we could see gold take a break, as shown on the chart before falling to 3285 and 3250 first.
It will also be affected by the tariff topic this week, because the deadline is July 9th. Trump is expected to create another mess.
In my opinion, with the current data, ARI is rising, the chances of falling further.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Related publications
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Related publications
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.