GOLD WEEKLY PLAN (15 – 19 JULY) | STRATEGY + MACRO OUTLOOKGoldOANDA:XAUUSDEliseLunaTraders🌐 GLOBAL MACRO NEWS – INFLATION WEEK FOR USD & GBP This week centres around key inflation data from the US and UK, which could trigger high volatility for gold. 🔴 Major Upcoming Events: Tuesday, July 15: 🕧 US Core CPI, CPI m/m, CPI y/y – critical inflation readings 🔶 Empire State Manufacturing Index Wednesday, July 16: 🇬🇧 UK CPI y/y 🇺🇸 US Core PPI & PPI m/m Thursday, July 17: 🇬🇧 UK Average Earnings Index + Claimant Count Change 🇺🇸 US Core Retail Sales, Retail Sales, and Unemployment Claims Friday, July 18: 🇺🇸 US Consumer Sentiment & Inflation Expectations Outlook: If inflation continues to ease, markets may start pricing in earlier Fed rate cuts — potentially bullish for gold. However, hotter-than-expected numbers could trigger a strong sell-off. 📊 TECHNICAL OUTLOOK – H4 STRUCTURE ANALYSIS (Smart Money Concepts) ✅ BUY ZONES: 3320–3318 (SL: 3315) – minor pullback buy zone OBS BUY 3286–3284 (SL: 3280) – strong demand zone OBS BUY 3246–3244 (SL: 3240) – deeper liquidity area for bullish reversal 🔻 SELL ZONES: SCALP SELL 3389–3391 (SL: 3395) – premium intraday resistance SWING SELL 3451–3453 (SL: 3457) – previous weekly high, ideal for larger correction 🧠 Key Market Structure: Monitor price reaction around 3389–3391 for breakout or rejection Break above 3450 may confirm medium-term bullish trend Rejection below 3320 could validate a distribution phase 🧩 TRADE SCENARIOS 🔹 SCENARIO 1: BUY SETUP Entry: 3320–3318 Stop Loss: 3315 TP1: 3330 TP2: 3344 TP3: 3389 or Open for higher continuation Ideal for pullback traders expecting continuation of bullish structure 🔹 SCENARIO 2: SCALP SELL SETUP Entry: 3389–3391 Stop Loss: 3395 TP1: 3381 TP2: 3350 TP3: Open if momentum confirms deeper move High-probability scalp within premium zone, suitable for short-term plays 🔹 SCENARIO 3: SWING SELL SETUP (only if CPI data surprises to the upside) Entry: 3451–3453 Stop Loss: 3457 TP1: 3440 TP2: 3410 TP3: Open if CPI fuels continued downside Triggered only if strong USD momentum or hot inflation surprises occur 📌 KEY PRICE LEVELS TO WATCH: 3451–3457 → Weekly Swing High / Sell Zone 3389–3395 → Premium Intraday Resistance 3320–3315 → Short-term Liquidity Entry 3284–3286 → Key Demand Reaction Zone 3244–3246 → Deep Reversal Support 📣 ANALYST NOTE: This is “Inflation Week”, and every major data point can shift market direction significantly. Avoid holding trades during high-impact news without strict risk management. Gold remains bullish biased above 3280 support. But if CPI surprises to the upside, a flush toward 3240 could occur before another rally.