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

9 jul

📌
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

Zoom in to get closer to battlefield:



Zoom out to see where we are:

9 jul

Nota

Green or Yellow?

9 jul

Operación activa

9 jul

Nota

For now, Bulls are in charge...

9 jul

Nota

Bullish scenario activated

10 jul

Nota

Lower risk entry for Bulls will be after channel BreakOut

10 jul

Nota

Upper edge of channel can be extended...

11 jul

Nota

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

15 jul

Nota

Is it the final attempt towards 3400?