Buy gold on July 6th, then sell it.Gold / U.S. DollarFOREXCOM:XAUUSDGoldTrader_XNext week, gold should be bought first and then sold. 📊 XAUUSD Weekly Outlook: Buy First, Sell Later – Correction Rally Inside a Larger Downtrend 🧭 Market Overview 📈 Gold has entered a clear oversold corrective recovery phase after last week’s strong rebound triggered by weaker-than-expected U.S. Non-Farm Payrolls (NFP). The data shock temporarily weakened Fed tightening expectations, leading to: 📉 USD short-term pullback 📉 Treasury yields stabilization 📈 Strong short-covering in gold ⚡ As a result, gold extended a sharp technical rebound. However, this move is still classified as a technical correction, not a full trend reversal. 🧠 Fundamental Analysis 💡 The current rally is driven by short-term macro repricing, not structural change. 📉 Short-Term Support Factors: Weaker U.S. labor data (NFP shock) Temporary easing in rate hike expectations USD and yields short-term cooling ⚠️ Medium-Term Pressure Remains: High interest rate environment still dominant Fed policy uncertainty persists USD & yields remain structurally strong Gold attractiveness reduced under high real rates 💡 Key insight: Short-term bullish → driven by data shock Medium-term bearish → driven by macro structure 📊 Technical Analysis 📈 Weekly Chart Ends 8-week bearish streak 📉 Strong rebound from oversold conditions 📈 Still inside broader bearish structure 🔑 Key Levels: Support: 3943 Major Resistance: 4330 ⚠️ Unless price breaks above 4330, the rebound remains corrective. 📊 Daily Chart Trend temporarily bullish 📈 Price holding above key moving averages Higher lows structure forming 💡 Interpretation: Short-term bullish continuation, but still within larger corrective framework. 📊 4H Chart Strong impulsive bullish structure ✔️ MACD bullish expansion 📈 Bollinger Bands opening upward ⚡ Buy pressure remains dominant 🔑 Key Levels: Support: 4120 – 4150 Resistance: 4220 – 4260 💰 Trading Strategy for Next Week ✔️ Phase 1: Buy First (Trend Pullback Strategy) 📍 Buy Zone: 4120 – 4150 🛑 Stop Loss: Below 4120 🎯 Targets: TP1: 4200 📈 TP2: 4220 🔑 💡 Strategy: Trade pullbacks within bullish corrective structure. ⚠️ Phase 2: Sell Later (Resistance Rejection Strategy) 📍 Sell Zone: 4220 – 4260 Confirmation required: Bearish rejection Momentum slowdown Failure to break resistance 🎯 Targets: 4180 4120 🧭 Market Outlook 📌 Overall structure remains: ✔️ Short-term bullish (correction rally) ⚠️ Medium-term bearish (macro downtrend still intact) 💡 Key trading logic: Buy dips in support zone → Sell rallies at resistance 🔑 Key Levels Summary 🟢 Support: 4120 4080 (major pivot) 3943 (macro support) 🔴 Resistance: 4200–4220 4260 4330 (macro trend breaker) 🙌 Final Thoughts 📊 Gold is currently in a bearish trend correction phase, not a reversal. 💡 Strategy focus: ✔️ Buy first in support zones ✔️ Sell later into resistance ✔️ Respect macro bearish structure 📢 Thanks for reading! If you enjoy this analysis, feel free to: 👍 Like ⭐ Follow 💬 Share your view on gold I regularly post XAUUSD analysis, trading setups, and macro breakdowns. Trade smart, manage risk, and stay disciplined.