✨ TRENDYVIBEZS Weekly Gold Pulse: July 7–13 Recap & July 14–20 Outlook
Market Recap: Gold’s Balancing Act Last week, gold (XAU/USD) moved within a tight range of $3,282 to $3,347, reflecting cautious optimism amid global trade tensions and a resilient dollar. Despite Powell’s tempered stance on rate cuts, safe-haven demand kept gold afloat. Key Highlights: - 📈 Resistance Zone: $3,325–$3,350 capped bullish momentum - 📉 Support Levels: Held firm near $3,298 - 🧠 Sentiment: Mixed, with RSI showing mild bullish divergence !Gold Price Chart July 7–13 Forecast: July 14–20 Outlook With CPI and PPI data on deck, expect volatility. Gold is projected to trade between $3,302 and $3,360, with a weekly average near $3,331. Macro Catalysts: - 📊 US inflation data - 🗣️ FOMC minutes - 🌐 Trade policy updates !Gold Price Chart July 14–20 Trade Setups to Watch 1. Micro Momentum Scalping - Buy Zone: $3,298–$3,302 - TP: $3,325–$3,330 - SL: $3,287 Perfect for quick entries using your scalping bot on Deriv or MT5. 2. Breakout Surge - Trigger: Break a...
