Gold Analysis and Trading Strategy | July 11

✅ Technical Analysis:
🔸Gold is currently trading within the 3310–3346 range, with a short-term bias toward the upside. After testing 3310 twice yesterday, prices rebounded quickly, indicating strong buying interest below. If the European session sees a breakout and stabilization above 3330, further upside toward 3346 or even 3365 is possible. However, if prices fail and drop below 3310, gold may return to a weaker structure and head toward the 3282–3280 support zone.

🔸 On the 4-hour chart, gold is holding above the middle Bollinger Band, signaling a mildly bullish tone. The Bollinger Bands are narrowing, suggesting a potential breakout toward the upper band. On the 1-hour chart, moving averages are turning upward, breaking the previous downtrend. A candle close above 3330 limits downside correction and offers room for further gains.

🔴 Key Resistance Levels: 3345 / 3365
🟢 Key Support Levels: 3310 / 3300 /3282
⚠️ Key Inflection Level: 3330 (Short-term bullish/bearish pivot)

✅ Intraday Strategy Reference:
🔰If gold breaks and holds above $3330 during the European session, aggressive traders may enter light long positions targeting 3346–3365, with a stop loss at 3315.
🔰If prices face resistance around 3345–3346, consider short entries, with a stop above 3350 and targets back to 3315–3307.
🔰If the 3310 support fails, gold may turn bearish, with downside targets at 3282–3275.
🔰Conservative traders can consider entering long around 3315 with a stop loss at 3307, targeting 3345.

✅ Gold is currently at the tail end of a consolidation range and may soon break out of key technical levels. Traders are advised to control position sizes, remain flexible, and closely monitor U.S. dollar movements, Fed-related statements, and geopolitical developments for potential impacts on gold prices. For real-time trading signals and personalized guidance, feel free to contact me for one-on-one support.