Gold Price Analysis July 17

425
XAUUSD Analysis Today

The price has cleared the liquidity to the 3377 zone, then returned to trading within the triangle. The market is currently waiting for new momentum to determine the next trend.

✅ BUY Scenario
If the 3322-3323 zone continues to hold and there is a bearish rejection signal and confirmation of buying power, gold is expected to continue its uptrend towards the 3373 - 3400 zone.

❌ SELL Scenario
If the price breaks the 3321 support with clear selling pressure, it can extend the decline to 3285.

🔑 Key Level Today

Support: 3321 - 3323

Resistance: 3373 - 3400

💡 Strategy:
Watch the price reaction at the important support zone to decide the next action.

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