Here’s my outlook on gold (XAUUSD) for the week of August 4–9, 2025.
Last week’s move was shaped by strong early dollar momentum, a 3% U.S. GDP report midweek, and Friday’s sentiment shift after the surprise tariff announcement.
Price is now sitting near the $3,380 supply zone, a structure that’s been in play since April. I highlight:
✅The key demand zone ($3,245–$3,285)
✅The broken descending trendline is now acting as support
✅Potential reaction around $3,360 early in the week
✅$3,285 remains my key level going forward. If ever price comes close, I’m watching for signs of strength or breakdown there to guide my setups.
I’ll update my thoughts in the comments as price action unfolds.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
Last week’s move was shaped by strong early dollar momentum, a 3% U.S. GDP report midweek, and Friday’s sentiment shift after the surprise tariff announcement.
Price is now sitting near the $3,380 supply zone, a structure that’s been in play since April. I highlight:
✅The key demand zone ($3,245–$3,285)
✅The broken descending trendline is now acting as support
✅Potential reaction around $3,360 early in the week
✅$3,285 remains my key level going forward. If ever price comes close, I’m watching for signs of strength or breakdown there to guide my setups.
I’ll update my thoughts in the comments as price action unfolds.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
Trade active
#XAUUSD📍Market Quick Update
After closely monitoring price action for over 10 hours, here’s a quick one…
Since the start of the week, price has remained in a tight consolidation range between $3,345 and $3,369, reflecting the prevailing uncertainty that’s currently shaping early-week sentiment.
This sideways move follows an intraday retracement from the $3,369 that was tested during the Asian session, with price now finding support at $3,345, a level likely reinforced by Friday’s weaker US jobs data, which has strengthened expectations of a Fed rate cut in September.
🔍The newly identified structure on the 1H timeframe (see chart) captures the market’s indecision and will be my guide for navigating today’s trades.
We’ll break this down in more detail during my upcoming livestream... See you soon.
Note
#XAUUSDMarket Update Ahead of Today’s Livestream:
After capitalizing on Monday’s buy opportunity, price action has since evolved into a descending channel following its rejection around the $3,390 zone on Tuesday.
Now, with a generally positive tone across equity markets, typically a bearish factor for gold due to reduced safe-haven demand, the question is:
Can gold still leverage the weaker-than-expected NFP and the disappointing US ISM Services PMI to rally?
At the moment, price appears to be finding support around $3,370, a level that not only aligns with the support of the descending channel but also played a key role in pushing price back to $3,390 yesterday.
I’ll be paying close attention to the 15-minute structure [see chart below], as it reflects how the market is currently digesting the recent economic data. That’ll be my guiding light heading into today’s session.
Note
#XAUUSD🔔 Post-Livestream Update
The structure we identified during the session remains valid. ✅
Price action has now broken below both the $3,370 level and the support line of the descending channel, triggering our first sell position for the day. 🔻
We’ve also marked out another level around $3,365.200, where we look to add another sell position if price confirms weakness there.
Best of luck... first sell position is secured.
Note
#XAUUSD📢 Market Update – Post Trade Wrap-Up
All previously held sell positions have been closed in small profit as buying momentum resumes. ✅📈
We're now seeing signs of renewed bullish interest, and I've identified fresh levels on the chart for upcoming trading opportunities.
📊 See chart below for details.
Trade smart. Trade consciously
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade smart. Trade consciously
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.