GOLD (XAUUSD) – Bulls Testing Key Resistance After Reclaiming Demand
🔹 Timeframe: 30-Minutes
🔹 Date: July 2, 2025
🔹 Instrument: GOLD/USD
🔹 Analysis Type: Technical, Supply & Demand, Trend Structure, Ichimoku
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🔍 Technical Breakdown:
1. Trend Structure & Zones
Descending Channel (June 17–22):
Price consistently respected a downward-sloping channel until it found a strong bounce off the Demand Zone (3,240–3,260), where institutional buyers likely stepped in.
Demand Zone (Green Rectangle):
Three strong bullish rejections (green arrows) from the 3,240–3,260 zone signal this as a high-probability accumulation area. This zone has acted as a springboard for a sharp reversal.
Supply Zone (Red Rectangle):
The 3,390–3,410 zone has acted as a distribution level, where price sharply reversed. Red arrows indicate aggressive selling pressure, suggesting institutional selling or profit-taking.
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2. Market Structure Shift
A significant break of lower highs occurred when price broke above the descending structure and formed a bullish flag, signaling bullish market structure shift.
Bullish Breakout Retest:
After the breakout, price retraced to retest the mid-level support near 3,320–3,330, marked by a green arrow and forming a textbook bullish retest.
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3. Ichimoku Confirmation
Cloud Twist & Breakout:
The price pierced the Ichimoku cloud and is now attempting to hold above it. This typically signals a transition from bearish to bullish momentum.
The Kijun-Sen (baseline) is currently flat at 3,341, acting as a magnet for price and a potential resistance short term.
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4. Scenario Forecast
✅ Bullish Scenario:
If bulls maintain support above 3,320–3,330, the next logical move is a retest of the recent high at 3,360, followed by a potential breakout toward the Supply Zone (3,390–3,410).
The arrow on the chart suggests a probable cup and handle continuation if momentum holds.
❌ Bearish Scenario:
A failure to hold 3,320 could open up downside potential toward the Demand Zone, where buyers may re-engage.
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🧠 Key Takeaways:
Confluence Zones Matter: This chart captures the power of multiple confirmations—zone theory, structure shift, and Ichimoku alignment.
Institutional Footprints: Clean reactions from Supply/Demand zones reflect where institutions are likely active, guiding retail traders.
Momentum Bias: Currently favors the bulls but requires a clean close above 3,360 to confirm continuation.
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🎯 Final Thoughts:
This chart captures a technical inflection point—where price is consolidating between reclaimed support and overhead resistance. With structure broken to the upside and Ichimoku supporting the bias, this setup is ripe for momentum trading. However, risk management is key if price dips below 3,320.
🔹 Timeframe: 30-Minutes
🔹 Date: July 2, 2025
🔹 Instrument: GOLD/USD
🔹 Analysis Type: Technical, Supply & Demand, Trend Structure, Ichimoku
---
🔍 Technical Breakdown:
1. Trend Structure & Zones
Descending Channel (June 17–22):
Price consistently respected a downward-sloping channel until it found a strong bounce off the Demand Zone (3,240–3,260), where institutional buyers likely stepped in.
Demand Zone (Green Rectangle):
Three strong bullish rejections (green arrows) from the 3,240–3,260 zone signal this as a high-probability accumulation area. This zone has acted as a springboard for a sharp reversal.
Supply Zone (Red Rectangle):
The 3,390–3,410 zone has acted as a distribution level, where price sharply reversed. Red arrows indicate aggressive selling pressure, suggesting institutional selling or profit-taking.
---
2. Market Structure Shift
A significant break of lower highs occurred when price broke above the descending structure and formed a bullish flag, signaling bullish market structure shift.
Bullish Breakout Retest:
After the breakout, price retraced to retest the mid-level support near 3,320–3,330, marked by a green arrow and forming a textbook bullish retest.
---
3. Ichimoku Confirmation
Cloud Twist & Breakout:
The price pierced the Ichimoku cloud and is now attempting to hold above it. This typically signals a transition from bearish to bullish momentum.
The Kijun-Sen (baseline) is currently flat at 3,341, acting as a magnet for price and a potential resistance short term.
---
4. Scenario Forecast
✅ Bullish Scenario:
If bulls maintain support above 3,320–3,330, the next logical move is a retest of the recent high at 3,360, followed by a potential breakout toward the Supply Zone (3,390–3,410).
The arrow on the chart suggests a probable cup and handle continuation if momentum holds.
❌ Bearish Scenario:
A failure to hold 3,320 could open up downside potential toward the Demand Zone, where buyers may re-engage.
---
🧠 Key Takeaways:
Confluence Zones Matter: This chart captures the power of multiple confirmations—zone theory, structure shift, and Ichimoku alignment.
Institutional Footprints: Clean reactions from Supply/Demand zones reflect where institutions are likely active, guiding retail traders.
Momentum Bias: Currently favors the bulls but requires a clean close above 3,360 to confirm continuation.
---
🎯 Final Thoughts:
This chart captures a technical inflection point—where price is consolidating between reclaimed support and overhead resistance. With structure broken to the upside and Ichimoku supporting the bias, this setup is ripe for momentum trading. However, risk management is key if price dips below 3,320.
Trade active
Trade closed: target reached
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✅JOIN FREE TELEGRAM
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
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.