🟡 Gold Update: High Volatility Pullback Nearing Resolution
Gold has recently exited a high-volatility phase. After plunging sharply from the 3438 high, price aggressively dropped to 3380, tapping deep liquidity within a high-confluence discount zone.
📉 GOLD MARKET UPDATE – JULY 24
Gold pulled back hard from 3438 → tapped deep liquidity at 3380. Volatility fading, but structure is key now.
🧠 Macro Check:
→ USD strength priced in
→ Powell = sticky inflation = risk asset caution
→ Eyes on tomorrow’s Jobless Claims + Durables
📊 Trend Outlook:
D1: Bullish (mid-range pullback)
H4: Bearish → trying to base at 3380
🔹 Demand Zones:
→ 3381–3391 ✅ tapped w/ OB reaction
→ 3364–3370 = backup zone
🔸 Supply Zones:
→ 3410–3416 = FVG fill
→ 3422–3428 = institutional OB + 61.8% Fib
📍 Structure Shifts (H1/M15):
→ M15 CHoCH ✅
→ Waiting for BOS > 3395 for confirmation
→ Early signs of accumulation near 3380–3390
🎯 Trade Setups
🟦 Bullish Play
→ Entry: 3381–3391
→ Confirm: M15 BOS > 3395
→ Target: 3410+
⚠️ Patience — no entry w/o confirmation
🟥 Bearish Play
→ Entry: 3416–3422
→ Confirm: M5 rejection + BOS
→ Target: 3395 / 3380
⚠️ Only valid if clean rejection — don’t fade strength
🧩 Fibs (3438–3380):
→ 50% = 3409
→ 61.8% = 3417
🔻 Reaction likely around these levels
📌 TL;DR:
We’re inside a high-confluence demand. M15 BOS above 3395 unlocks upside. Short only if 3422 rejects fast and clean.
Gold has recently exited a high-volatility phase. After plunging sharply from the 3438 high, price aggressively dropped to 3380, tapping deep liquidity within a high-confluence discount zone.
📉 GOLD MARKET UPDATE – JULY 24
Gold pulled back hard from 3438 → tapped deep liquidity at 3380. Volatility fading, but structure is key now.
🧠 Macro Check:
→ USD strength priced in
→ Powell = sticky inflation = risk asset caution
→ Eyes on tomorrow’s Jobless Claims + Durables
📊 Trend Outlook:
D1: Bullish (mid-range pullback)
H4: Bearish → trying to base at 3380
🔹 Demand Zones:
→ 3381–3391 ✅ tapped w/ OB reaction
→ 3364–3370 = backup zone
🔸 Supply Zones:
→ 3410–3416 = FVG fill
→ 3422–3428 = institutional OB + 61.8% Fib
📍 Structure Shifts (H1/M15):
→ M15 CHoCH ✅
→ Waiting for BOS > 3395 for confirmation
→ Early signs of accumulation near 3380–3390
🎯 Trade Setups
🟦 Bullish Play
→ Entry: 3381–3391
→ Confirm: M15 BOS > 3395
→ Target: 3410+
⚠️ Patience — no entry w/o confirmation
🟥 Bearish Play
→ Entry: 3416–3422
→ Confirm: M5 rejection + BOS
→ Target: 3395 / 3380
⚠️ Only valid if clean rejection — don’t fade strength
🧩 Fibs (3438–3380):
→ 50% = 3409
→ 61.8% = 3417
🔻 Reaction likely around these levels
📌 TL;DR:
We’re inside a high-confluence demand. M15 BOS above 3395 unlocks upside. Short only if 3422 rejects fast and clean.
Note
Disclaimer: For educational context only.
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.
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.