Early Week Correction Ahead of Heavy News Flow

GOLD PLAN – July 14 | Early Week Correction Ahead of Heavy News Flow
📰 Macro Context – Volatile Week Expected
Gold opened this week with a sharp correction, retracing after sweeping liquidity from the previous 2-week FVG zone. This early reaction reflects investor caution ahead of key tariff-related announcements due later this week.

In addition to geopolitical factors, the market is also bracing for major US economic data, including:

📊 CPI (Consumer Price Index)

📊 PPI (Producer Price Index)

📊 Unemployment Claims

📊 Retail Sales Figures

These events combined make this a high-volatility week with potentially strong directional moves in the second half.

📉 Technical Outlook – M30 Timeframe
Price has taken out minor liquidity above recent highs

Currently retracing over $15 from the top

Price is now trading below the intraday VPOC (around 3358) — suggesting potential bearish momentum

If momentum continues, gold may dip into key demand zones:

🎯 333x

🎯 Possibly lower into 332x

This could provide a healthy retracement before resuming the broader uptrend.

🧭 Trading Strategy
✅ BUY ZONE: 3331 – 3329
Stop-Loss: 3325
Take-Profits:
TP1: 3335
TP2: 3340
TP3: 3344
TP4: 3350
TP5: 3360 – 3370+

🔍 This zone aligns with prior support, potential liquidity traps, and EMAs on higher timeframes — high-probability area for bounce trades if volume confirms.

⚠️ SELL ZONE: 3393 – 3395
Stop-Loss: 3399

Take-Profits:
TP1: 3390
TP2: 3386
TP3: 3382
TP4: 3378
TP5: 3374 – 3370 – 3360

📉 Great for short-term scalps if price re-tests the zone and shows rejection signs, especially around key news events.

📊 Key Levels to Watch
🔺 Resistance Zones
3358

3368

3374

3394

🔻 Support Zones
3349

3340

3331

3318

⚠️ Execution Notes & Sentiment
🕰️ At the time of writing, gold is consolidating near the M30 VPOC with no clear break in either direction.

🧘 Stay patient and wait for clear confirmation from European session volume

🚫 Avoid FOMO trades — stick to structure
✅ Respect all SL/TP levels to protect your capital
This week’s volatility will reward discipline, not speed.

📌 Summary
Gold is currently in a short-term pullback after reaching previous liquidity zones.
There’s potential for a deeper dip early this week before macro news pushes price decisively.

📌 3331–3329 remains the primary BUY zone to watch if price shows bullish confirmation.
📌 3393–3395 remains the key SELL zone for potential short-term rejections.

🔍 What’s your view this week? Are you looking to buy the dip or short the bounce?
💬 Drop your thoughts in the comments — let’s discuss setups!
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