Gold’s No-Trade Zone: Why Smart Money Is Sitting This One Out [Weekly XAU/USD Analysis + Forecast + Trading Playbook]
Hello, fellow traders!
Gold stayed stuck in a range this week as traders reacted to mixed U.S. data and shifting news on tariffs.
Early in the week, Gold lost some safe-haven appeal after the U.S. pushed back its tariff deadline on the EU to July 9. Strong consumer confidence boosted the dollar on Tuesday, dragging Gold down. Midweek, conflicting court rulings over Trump’s tariffs created some back-and-forth in market sentiment, briefly pushing the metal below $3,250. Even with softer jobs and inflation data, Gold couldn’t push past $3,300.
All eyes are now on next Friday’s U.S. jobs report, which could finally give Gold the breakout spark it’s been waiting for.
🔥 In this week’s premium market breakdown:
Interpret hidden TA signals before they hit the headlines: Pro breakdown of charts with key price action, structure, and warning signals.
Exact price zones to act on: Get clear entries, exits, and invalidation zones, so you can trade with structure.
Trade setups that deliver: High-probability scalping and swing trade ideas with clear take-profit and stop-loss levels.
Global macro gist: Spot which headlines matter for Gold, and which are just noise and understand how real-world policy is shaping the charts.
Sentiment shifts: Decode what the biggest traders in the world are doing right now and how their moves will shape next week’s volatility.
Intermarket intelligence: See how Gold is stacking up against Bitcoin, crude oil, equities, and global yields - understand correlations, breakouts, and capital rotations.
📊 Let’s look at the technical data
📅 Current Price: 3,289.700
Long-term: 🟢 bullish, but bearish bias short-term
Daily chart shows corrective ABC unfolding after a completed 5-wave impulse top near $3,430. Current move = wave (c) of the correction.
Macro backdrop still supports long-term upside, but this is not the bottom yet.
Recent moves down had volume + momentum behind them.
Gold Spotter → confirms consolidation/bearish momentum likely in the next few days:
Pegged Line: 89.166 → still strong, but flattening → USD strength priced in.
Exotics Line: 31.849 → rebounding, but still depressed → early signs of reversal forming.
ADL is relatively flat to rising = not much aggressive selling yet.
🎯 Projected targets + strategy:
Keep reading with a 7-day free trial
Subscribe to The Gold Trader to keep reading this post and get 7 days of free access to the full post archives.