🟑 XAU/USD Intraday Gold Analysis – 2 July 2025

🟑 XAU/USD Intraday Gold Analysis – 2 July 2025 MJ Forex Academy
Gold made a bullish push yesterday but faced a strong rejection from the major H1 resistance near $3,350–$3,355, showing that the larger market structure still holds a bearish bias.
According to Smart Money Concepts (SMC) and Volume Spread Analysis (VSA), this rejection aligns with supply zones where smart money sells into late buyers. As long as gold stays below $3,355, we expect further downside moves.
πŸ”‘ Key Intraday Plan:
βœ… If gold fails to break and close an H1 candle above $3,355, look for short opportunities below $3,340 with volume confirming the selling momentum.
βœ… Initial intraday target for shorts: $3,300, a key demand area and psychological level.
βœ… Below $3,300, watch for a deeper drop into $3,296–$3,280. Here, price may find responsive buying as smart money hunts stops and re-accumulates.
πŸ“ˆ Bullish Reversal Signal:
If price taps into the $3,296–$3,280 zone, watch for classic reversal signs like an EVR (End Volume Reversal), a Shakeout, or a Two-Bar Reversal Candle , your clue that buyers are stepping back in.
βœ… Risk Management Note
Don’t risk more than 0.5% per trade and no more than 1% of your account per day. Trade safe stay disciplined. Long-term trading is risky; your first job is always to minimize risk and protect capital.
πŸ“Œ Trade like Smart Money. Respect key levels, watch for liquidity sweeps, confirm with volume and manage your risk like a pro.
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