Technical Forecast for the upcoming week (July 8–12, 2025)

Hello Everyone

📉 Current Market Overview

Price: $3,333.90
Trend: Uptrend with loss of bullish momentum, forming a distribution range after a strong rally since March.
Structure: Currently ranging between $3,305 – $3,365.
Volatility: Compressing, suggesting a possible breakout move soon.



🔍 Key Technical Zones


Major Support: $3,300 –$3,305 Last strong rejection point, forming a floor
Resistance: $3,360 – $3,370 Recent tops & strong rejections
Trendline Support: Rising from March lows - Still respected
Breakdown Risk: Below $3,300 Could trigger a drop to $3,250–$3,220

🧭 Expected Scenarios for Next Week

✅ Scenario 1: Bullish Breakout

Trigger: Clean close above $3,370 on daily
Target: $3,400 → $3,435
Stop Loss: Below $3,310
Reason: Break of resistance + continuation of higher lows



⚠️ Scenario 2: Bearish Breakdown

Trigger: Break and daily close below $3,300
Target: $3,250 → $3,220
Reason: Structure failure, potential range breakdown


🔄 Scenario 3: Continuation of Range

Likely if price stays between $3,305 – $3,365
Could be accumulation before next breakout



🧠 Smart Plan

Monday-Tuesday: Wait for breakout confirmation.
Midweek*: Trade breakout in the direction of impulse with stop outside of range.
Friday: Lock in profits—avoid weekend gap risk.

Good Luck


https://www.tradingview.com/x/1VXlF1iA/