Gold Price Analysis July 11

168
Gold price today continues to maintain a strong upward momentum after breaking the previous support trendline (gold wire). Currently, SELL orders should only be considered as short-term response transactions, with priority given to monitoring to join the main trend.

✅ Trend: Up has been confirmed, the nearest target is towards the 3390 area today.

🔑 Key Levels:

Support: 3330 – 3314

Resistance: 3345 – 3362 – 3388

🎯 Trading strategy:

SELL activation: Watch the 3345 area, only SELL when there is a price rejection signal with a confirmation of a decrease.

Potential SELL area: 3362 – 3387 (strong resistance).

BUY Activation: Look for buying opportunities at support 3330 – 3314 if there is a clear bullish reversal signal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.