Gold at a Decision Point-Just as Tariff Headlines Return(July 9)

9 Tem

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4H Technical Outlook by MJTrading

Price is compressing inside a falling channel, nested within a large symmetrical triangle, and now sits right at a high-stakes confluence zone — a perfect intersection of dynamic EMAs, rising trendline support, and local structure.

This could be a pivot point for the next major leg.

🧭 Key Scenarios:

🟢 Bullish Breakout Potential:
If price breaks above the falling channel and holds above $3,310–$3,320:
🎯 Target: $3,400, and eventually upper triangle resistance near $3,480–$3,500
✅ Watch for impulsive breakout + retest confirmation


🟡 Bearish Breakdown Risk:
If the rising trendline gives way and price closes below $3,275 (High Risk) and $3,245(Low Risk):

🎯 Targets: First $3,232, then key level $3,166
⚠️ Further weakness may expose $3,000 psychological support

🔍 Why It Matters:
• Symmetry + compression = potential volatility expansion
• Trump tariff headlines today (July 9) could trigger safe haven demand
• Strong historical respect of these trendlines
• EMAs aligning around decision zone

“Another BreathTaking Edge” — because this is one of those moments where market structure whispers louder than words.

🗣 Boost if you find value, and follow MJTrading for more clean setups.🚀🚀

#XAUUSD #Gold #TradingView #TechnicalAnalysis #ChartPatterns #PriceAction #BreakoutTrade #Forex #MJTrading

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Green or Yellow?

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İşlem aktif

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For now, Bulls are in charge...

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Bullish scenario activated

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Lower risk entry for Bulls will be after channel BreakOut

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Upper edge of channel can be extended...

7 gün önce

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A Valid Breakout from the channel is monitored...
Next target for buyers might be 3366

3 gün önce

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Is it the final attempt towards 3400?