Gold Weekly Forecast – July Week 4
Gold closed last week with a strong bearish weekly candle, rejecting from the 3,440 supply zone and closing below the key Fair Value Gap at 3,360. This confirms downside pressure, especially in the context of a strengthening dollar.
For this week, we may see a bullish opening early in the week toward 3,370, followed by a deeper bearish move targeting the major low and liquidity pool at 3,250.
Bias: Bearish
Key Zones:
• Resistance / Retest: 3,370
• Target: 3,250
• Supply Rejection: 3,440
Momentum favors further downside unless bulls reclaim key levels.
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Weekly forecast by Sphinx Trading
What’s your bias on Gold this week?
#Gold #XAUUSD #SmartMoney #FairValueGap #BearishBias #SphinxWeekly #LiquiditySweep #GoldForecast
Gold closed last week with a strong bearish weekly candle, rejecting from the 3,440 supply zone and closing below the key Fair Value Gap at 3,360. This confirms downside pressure, especially in the context of a strengthening dollar.
For this week, we may see a bullish opening early in the week toward 3,370, followed by a deeper bearish move targeting the major low and liquidity pool at 3,250.
Bias: Bearish
Key Zones:
• Resistance / Retest: 3,370
• Target: 3,250
• Supply Rejection: 3,440
Momentum favors further downside unless bulls reclaim key levels.
—
Weekly forecast by Sphinx Trading
What’s your bias on Gold this week?
#Gold #XAUUSD #SmartMoney #FairValueGap #BearishBias #SphinxWeekly #LiquiditySweep #GoldForecast
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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.