Gold - Week of 21st July (updated)

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Market Outlook Update

Following up on Sunday evening’s analysis — honestly, I didn’t expect the move to unfold this quickly. We’ve still got questions on the table: will the market call Trump’s bluff, or just shrug it off? The Euro certainly didn’t ignore the developments, as we saw with that strong bullish London session yesterday.

Will we see one or two more retracements? Or is the market gearing up for a favourable month-end close? Either way, I hope you’re kicking off the week with high energy — because XAUUSD is primed for fireworks. With Powell speaking tomorrow, expect increased volatility and some fakeouts. Stay sharp, stay focused — it’s all about reading the true structure and keeping it 100% sniper.

Key Intraday Zones

🔻 Main Sell Zone: 3440–3452
This is our strongest supply area for now. Last touch saw aggressive selling. If price revisits this zone, look for a clear rejection: wick rejections, bearish engulfing, or BOS on M5/M15.
⚠️ No FOMO — only short if the market shows real weakness.

🔁 Flip/Sell Zone: 3412–3427
This is the "chameleon" zone — flips between support and resistance. Price often hunts liquidity here. Watch for a sweep or a sharp rejection before entering.
✅ Look for confirmation: clean rejection or a break back below.

🟢 Buy Zone: 3360–3372
Last strong base of buyers. If price drops into this range, wait for a solid bullish response: long wicks, bullish engulfing candles, or a CHOCH.
🚫 Don't catch a falling knife — wait for buyers to show up.

🟩 3345–3350 (Main H1 Demand / Flip Zone)
Why it matters: Strong structural flip — former resistance turned demand + previous session low. A deeper pullback here offers a solid swing re-entry.
📌 Enter only on confirmation: strong wick, CHOCH, or clear reversal pattern.

🎯 Swing Target Zone: 3380–3420

🔸 Decision Zone: 3395–3405
Keep an eye here — this zone may dictate the short-term direction.

Disclaimer: For educational context only.

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