XAU USD LONG RESULT Price broken down both of our supports Trendline and zones without filling any of the supply zones hitting our SL.
Better Improved Set-ups to come 💪
_THE_KLASSIC_TRADER_.
GOLD trade ideas
GOLD: Bearish Continuation & Short Trade
GOLD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry - 3331.7
Stop - 3334.0
Take - 3327.0
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Will gold prices continue to fall on August 1st?
Core Logic Analysis
Negative factors dominate
The Federal Reserve's hawkish stance: keeping interest rates unchanged and Powell suppressing expectations of a rate cut have weakened gold's safe-haven appeal.
Strong economic data: ADP employment data exceeded expectations, and coupled with the upcoming PCE and non-farm payroll data, market expectations of an early Fed rate cut have cooled.
Technical Breakdown: Gold prices fell below the key support level of $3,300, hitting a new monthly low. A large weekly bearish candlestick chart indicates bearish dominance.
Key Support and Resistance
Resistance: 3315 (hourly rebound resistance), 3333 (previous high and daily resistance).
Support: 3280-3290 (short-term), 3250-3245 (strong monthly support).
Potential Risks
Unexpectedly weak non-farm payroll data or escalating geopolitical tensions could trigger a short-term rebound, but a break above 3330 is required to reverse the downward trend.
Today's Trading Strategy
Short-Term Trading
Primarily short at highs: Short lightly on a rebound to 3310-3315, stop loss at 3325, target 3290-3280.
Aggressive Short: Add to short positions if the price reaches 3330-3333, stop loss at 3340, target 3280.
Cautious Long: Try a long position on the first touch of 3250-3245, stop loss at 3235, target 3270-3280 (quick in and out).
Mid-term Strategy
If the monthly line closes below 3250, shorting at high levels can be continued in August, targeting the 3150-3100 range.
If the gold price rebounds above 3350 after the non-farm payrolls, the trend needs to be reassessed.
Events to Watch
Data:
Non-farm payroll report on Friday (if the data exceeds expectations, gold prices may fall further).
US June PCE Price Index (Federal Reserve inflation indicator).
Technical Signal:
A daily close below 3250 would confirm a medium-term downtrend.
Observe the recapture of the 3300 level, which serves as a dividing line between bulls and bears.
Summary
Gold is currently in a bearish phase. Prioritize shorting on rallies, but be wary of unexpected data fluctuations. If the mid-line breaks below 3250, the market could target the 3000-3100 range. Conversely, if it holds above 3330, strategy adjustments will be necessary. Strictly stop loss and control risks.
XUA/USD) Bearish Trend Read The captionSMC Trading point update
Technical analysis of (XAU/USD) on the 1-hour timeframe, targeting a move toward the $3,310–$3,315 support zone. Here's the full breakdown:
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Technical Analysis – Gold (1H)
1. Fair Value Gap (FVG) Supply Zones
Two FVG supply zones are marked where price previously dropped sharply:
Upper FVG zone near $3,385.49 (with red arrow: expected rejection point)
Lower FVG zone near $3,352.47
Price is expected to reject from either zone, resuming the bearish move.
2. Market Structure: Lower Highs, Lower Lows
The chart shows a clear bearish structure, with consistent lower highs and lower lows.
The current price action suggests a potential pullback into FVG, followed by another leg down.
3. Key Support Zone (Target Area)
The yellow box between $3,315.22–$3,310.99 represents a strong demand/support zone and is marked as the target point.
This level has acted as a prior accumulation zone and is likely to attract buying interest again.
4. EMA 200 Resistance
Price is trading below the 200 EMA (currently at $3,365.87) — indicating a bearish bias.
EMA also aligns near the lower FVG zone, reinforcing the area as a potential reversal point.
5. RSI Indicator
RSI at 35.38 is nearing oversold territory but still shows downward pressure.
No divergence or reversal signal yet — supports the continuation view.
Mr SMC Trading point
---
Summary
Bias: Bearish
Current Price: $3,337.02
Supply Zones (FVG):
$3,385.49 (stronger supply)
$3,352.47 (minor supply)
Support Target: $3,315.22–$3,310.99
Structure: Bearish (LL-LH formation)
EMA: 200 EMA acting as dynamic resistance
RSI: 35.38 – still bearish momentum
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Gold Drops After Failing to Hold Above $3322📊 Market Overview:
Gold initially surged above the $3322 resistance, hitting $3329 amid Fed pause expectations. However, a rebound in the US dollar and profit-taking triggered a sharp drop back to $3315, signaling weakening bullish momentum.
📉 Technical Analysis:
• Key resistance: $3322 – $3330
• Nearest support: $3308 – $3300
• EMA09 (H1): Price has fallen below EMA09 → turning short-term trend bearish
• Candlestick / Volume / Momentum:
• Failed breakout above $3322 with strong bearish H1 reversal
• Increasing volume during the drop → rising selling pressure
📌 Outlook:
Gold may continue declining in the short term if it fails to hold above $3312. Bears have taken control after the failed breakout attempt. Risk increases for a move toward $3300–$3295.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD : $3318 – $3321
🎯 TP: 40/80/200 pips
❌ SL: $3325
🔺 BUY XAU/USD: $3295 – $3292 (only with clear bullish signal)
🎯 TP: 40/80/200 pips
❌ SL: $3288
GOLD: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 3,296.556 will confirm the new direction upwards with the target being the next key level of 3,310.375 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Gold Market Eyes Daily Demand Zones at 3270–3315Gold market aligns with daily candle formation, seeking to mitigate substantial demand zones between 3270 and 3315. This area may provide the necessary liquidity for a potential bullish reaction, pending confirmation. follow for more insights , comment and boost idea
Market Structure is Not Strategy — It’s Your Starting Point“The chart doesn’t hide anything. But your mind does.”
Before any indicator, setup, or signal… comes structure.
🔍 What is Market Structure?
At its core, market structure is the sequence of higher highs (HH) and higher lows (HL) in an uptrend, or lower lows (LL) and lower highs (LH) in a downtrend.
It is the skeleton of price .
Everything else — entries, zones, signals — is just clothing.
If you can’t see the skeleton, you’re reacting to noise.
🎯 Why It Matters:
It’s not a signal. It’s context .
It tells you whether you’re trading with the market or against it .
It defines where your patience begins — not where your entry is.
Market structure helps you let go of the urge to chase. It brings order to the chaos.
🧩 Key Components to Track:
Break of Structure (BoS): Confirms trend continuation
Change of Character (ChoCH): Signals a potential reversal
Swing Points: Define the intent behind price moves
Liquidity Sweeps: Often mask real structure beneath short-term traps
🛑 Common Mistake:
Most traders jump straight to the setup without asking the most important question:
“Where am I in the structure?”
They try to buy a pullback — in a downtrend.
They try to fade a move — right before continuation.
They chase candles — instead of waiting for alignment.
That’s not strategy. That’s stress.
🛠 Tip to Practice:
Use this simple framework to build clarity:
Start from the H4 chart — this gives you the broader directional bias
Drop to M15 — here’s where structure begins to form tradeable setups
Finally zoom into M1 — this is where confirmation happens before entry
Ask yourself:
Where did the last BoS or ChoCH happen on each timeframe?
Is M15 aligning with H4 intent — or contradicting it?
Did you enter after M1 confirmation , or based on impulse?
You don’t need to predict price. You need to align with it.
🪞 Final Thought:
Structure isn’t strategy.
It’s the mirror that shows what’s real before your bias speaks.
When you master structure, you stop forcing trades — and start flowing with them.
💬 Want more like this?
If this post resonated with you — drop a comment below.
Let me know what you'd like to dive deeper into — price action, gold setups, market structure, or the psychology behind your trades.
I’ll build future tutorials based on what matters to you.
📘 Shared by @ChartIsMirror
Will gold continues the uptrend from now?I have notice that price retraces in 5 waves before continued go up, from Jun 2025 onwards until now (refer to chart above), and now price has went for 5 waves, and had break the last lower low level. I am going to anticipate the long with my strategy, projecting to higher high of this up trend.
Gold Spot / U.S. Dollar Analysis (15-Minute Chart)Key Levels
Support Levels:
Immediate: 3,294.000 (S/L level)
Next: 3,280.000
Resistance Levels:
Immediate: 3,304.000 (Entry level)
Next: 3,308.000, 3,316.250, 3,320.000
Profit Targets:
Tiered levels up to 3,328.000 (highest target).
Price Action & Trends
Current Trend:
The price is bullish (+0.84% today) but hovering near the entry level (3,299.000) and testing 3,302.700.
The presence of multiple profit targets above suggests a bullish bias in the trade setup.
Critical Observations:
Price recently dipped to 3,294.000 (S/L) but rebounded, indicating buying interest at support.
The 3,304.000 level (entry) now acts as resistance. A breakout above could target 3,308.000+.
Volume & Momentum:
Not visible in the screenshot, but the upward movement suggests moderate bullish momentum.
Trade Setup Analysis
Entry: 3,299.000
Stop-Loss: 3,294.000 (5 USD below entry)
Profit Targets:
3,304.000 (Breakeven+)
3,308.000 → 3,328.000 (Scalping opportunities).
Risk-Reward Ratio:
If targeting 3,328.000, the RR is ~5:1 (29 USD profit vs. 5 USD risk).
Actionable Insights
Bullish Scenario:
Hold if price sustains above 3,304.000 (entry resistance).
Next target: 3,308.000.
Bearish Caution:
If price falls below 3,294.000 (S/L), exit to limit losses.
Watch for rejection at 3,304.000 (potential reversal).
Market Context:
Gold is sensitive to USD strength and geopolitical events. Monitor broader trends for confirmation.
Gold at intraday critical levelIf stays below 3308, Sell target 3257
If breaks above 3308 with significant H1 close, buy target 3334. Apply risk management to enjoy trading at its best.
XAUUSD Analysis : Channel Break, Demand Zone + SR - Interchange"High-Probability Zone Reaction & SR Flip Confirmation"
Gold (XAUUSD) is currently reacting from a significant support zone after completing a bearish breakout from a well-established ascending channel. The market structure indicates both threat and opportunity depending on how price behaves around key levels ahead.
🔍 Structure Breakdown & Price Behavior:
🔹 1. Rising Channel Violation
Over the past few weeks, price was comfortably moving inside a well-respected ascending channel, making higher highs and higher lows.
Recently, however, price broke below the lower boundary, which is often a bearish signal—indicating a possible trend reversal or a deeper correction phase.
Such breakdowns suggest buyers are losing control, and bearish sentiment is gaining strength.
🔹 2. Supply Zone Reaction & Drop
Before the breakout, we observed a sharp rejection from a high point, triggering a sell-off.
The price completed its move into a previously defined supply zone, resulting in a strong bearish impulsive leg that pushed it outside the channel.
This move shows clear institutional distribution—where large sellers unloaded positions around that zone.
📍 Key Zone Focus:
🟩 Previous Reversal / Demand Zone (Green Box)
Price is now sitting in a historically strong demand zone, which acted as a major reversal point in the past.
This area is marked as the first zone of interest where buyers might step back in to defend.
The green box represents a liquidity pocket where institutions previously accumulated positions—hence it’s a strong bounce candidate.
🟦 SR Interchange Zone (Blue Box)
The next major level above current price is the SR Interchange zone, around 3,320–3,340.
This level was previously broken and now acts as resistance.
It's crucial because it represents the battle zone where the market will decide whether to continue bearish or shift back bullish.
🧠 Market Psychology & Order Flow Insight:
The recent aggressive selling pressure from the highs, followed by a bounce from the demand zone, shows a shift from euphoria to fear.
Sellers are active at supply, while buyers are attempting to defend the previous demand.
The market is currently in decision mode—and the SR flip zone (3,320–3,340) will be the judge.
A break and retest above this level signals strength and potential for a trend resumption.
A failure to reclaim it would confirm bearish dominance and open doors for deeper targets.
🔄 Possible Scenarios Ahead:
📈 Scenario 1 – Bullish Rejection & Breakout:
If buyers successfully hold the 3,280–3,260 demand zone and push price above the SR Interchange zone, we can expect:
📍 Target 1: 3,360 (mid-term resistance)
📍 Target 2: 3,400–3,420 (previous high & upper trendline)
This would confirm a fakeout from the channel and a bullish continuation pattern.
📉 Scenario 2 – Failure at Resistance & Drop Continuation:
If price fails to reclaim the interchange zone, expect a retest of the green demand, followed by a potential drop toward:
📍 3,260 – local support
📍 3,240 – major support (unfilled demand below)
📍 3,220–3,200 – ultimate downside target
This would solidify a bearish market structure, confirming the sellers are in control.
🧭 Key Levels To Watch:
Level Type Price Range Significance
Supply Zone ~3,400–3,420 Major institutional selling area
SR Interchange (Blue) ~3,320–3,340 Critical resistance / flip zone
Current Price ~3,297 Watching reaction for momentum shift
Demand Zone (Green) ~3,280–3,260 Key support / bounce zone
Major Demand Pending ~3,240–3,220 Next support level if drop continues
✅ Conclusion:
Gold is at a critical inflection point.
The recent bearish breakout signals weakness, but the current support zone may provide a short-term bullish setup if buyers defend it effectively. A successful reclaim of the SR flip zone will shift sentiment bullish again. Otherwise, a deeper correction is likely.
This setup is ideal for both swing and intraday traders—look for confirmation signals at the current support and SR zone before executing trades.
Will Upcoming Data Determine the Next Gold's Direction?Macro approach:
- Gold retreated this week, reversing early gains to trade near four-week lows amid renewed US dollar strength and caution ahead of the Fed's policy decision.
- The retreat was mainly pressured by stronger-than-expected US economic data and a tentative revival in risk appetite, offsetting pockets of safe-haven demand.
- Key drivers included robust US GDP growth for 2Q, a bounce in consumer confidence, and the Fed's steady rates with a more hawkish tone, suggesting cuts may be further out.
- Meanwhile, recent US-EU and US-China trade deals eased some global uncertainty, damping gold's appeal as a hedge.
- Market participants also eyed the labor market's continued cooling, but resilient consumer spending further buoyed the dollar.
- Gold may remain volatile, with potential upside if upcoming US PCE inflation and NFP reports disappoint expectations. Any escalation in trade tensions or signals of Fed policy easing could renew support for gold prices.
Technical approach:
- XAUUSD fluctuated within the range of 3285-3560, which is below the broken ascending trendline. The price between the two EMAs awaits an apparent breakout to determine the next trend.
- If XAUUSD breaks below the support at 3273, confluence with EMA78, the price may plunge to retest the following support at 3167.
- On the contrary, remaining above the support at 3273 may lead XAUUSD to retest the resistance at around 3560.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
GOLD Falls Back Toward the $3,300 ZoneOver the past four trading sessions, gold has depreciated more than 3.5%, showing a renewed and steady bearish bias around this major safe-haven asset in the short term. Selling pressure has remained strong recently, as confidence in financial markets has gradually improved. Investors have responded positively to the latest trade agreement developments, which have temporarily reduced concerns surrounding the trade war. As a result, demand for safe-haven assets has declined, directly impacting gold, one of the most important hedging instruments currently in the market.
Sideways Range Remains Active
Since late April, gold has been unable to establish a clear directional bias, and has remained trapped within a sideways range, with resistance around $3,400 per ounce and support at $3,300 per ounce. So far, price action has not been strong enough to break out of this structure. However, gold is now testing important support levels, where sellers could begin to face stronger barriers as the price attempts to break through the bottom of the established range.
RSI: The RSI line has consistently crossed below the neutral 50 level, indicating that selling momentum is becoming more dominant. If this trend continues in the short term, it could reinforce the presence of bearish pressure in upcoming sessions.
MACD: The MACD histogram has started to move below the zero line, suggesting that the momentum of the moving averages has shifted firmly to the downside. This reflects a strong bearish tone, and if this continues, selling pressure could become more relevant in the short term.
Key Levels:
$3,400 per ounce – Major Resistance: This level marks the recent all-time high for gold. If buying momentum pushes the price back above this zone, it could trigger a renewed bullish bias and set the stage for a sustained upward trend in the sessions ahead.
$3,300 – Current Barrier: This level defines the lower bound of the short-term channel. A break below this support could confirm a dominant bearish bias, potentially lasting for several trading sessions.
$3,200 – Final Support: This marks the lowest price level reached by gold in recent months and lies below the 100-period simple moving average. If the price drops to this zone, it could trigger the start of a new short-term downtrend on the chart.
Written by Julian Pineda, CFA – Market Analyst
Gold Faces Strong Rejection Below $3,365 – Bearish Wave Ahead?Gold is currently trading around $3,359, showing signs of exhaustion after climbing from the $3,248 low. The chart illustrates a textbook scenario of channel rejection after testing the upper boundary of the descending wedge and failing to break above the $3,365–$3,392 resistance zone. Price is now hovering just below the diagonal black trendline, indicating a potential lower high formation and setting up for another bearish wave.
📌 Key Technical Highlights
Resistance Zone: $3,365–$3,392
This area marks the confluence of the black long-term trendline, the top of the descending purple channel, and the previous high at $3,392.
Price attempted a "Possible Retest" as annotated on the chart and is now starting to pull back—showing signs of bearish rejection.
Bearish Scenario (Blue Arrows):
Multiple downward arrows show likely bearish paths if the current resistance holds.
Key short-term targets:
$3,337, $3,320, $3,303, Strong support at $3,293–$3,248
Further downside may test extension levels toward $3,220–$3,200 by early August if momentum builds.
⚠️ Bearish Confirmation Criteria
Failure to close above $3,365 (black trendline)
Breakdown below $3,337 followed by $3,320
Strong selling pressure supported by fundamentals (e.g. USD strength, Fed hawkish stance)
✅ Invalidation / Bullish Outlook
A decisive breakout and close above $3,392.73 would invalidate the bearish structure.
In that case, targets would shift toward:
$3,412, $3,434, $3,490 (long-term trendline intersection)
However, today's U.S. CPI (Consumer Price Index) release adds a layer of volatility and potential trend disruption, making this a high-risk trading day.
📊 CPI News Impact – What to Watch
High CPI (Stronger than forecast):
- Increases expectations of further Fed tightening → strengthens USD → bearish for gold
- Likely scenario: sharp drop toward $3,337 → $3,320 → $3,293
Low CPI (Weaker than forecast):
- Signals disinflation → weakens USD → bullish for gold
- Possible breakout above $3,365 → retest of $3,392 → if broken, target $3,412 and $3,434
Neutral or as expected CPI:
- Likely leads to whipsaw — fakeout on both sides
- Caution advised — wait for candle close confirmations post-news
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Awaits Fed Rate Decision – Key Levels & Volatility AheadGold is currently trading near $3,332, showing a minor recovery after recent downward momentum. The price action on the 1-hour chart highlights a short-term ascending structure, which often acts as a corrective move rather than a strong bullish trend. The market previously saw significant selling pressure from above $3,355–$3,360, creating a short-term supply zone. Unless the price breaks and holds above this zone, the overall momentum remains bearish.
The chart also shows a projected price path where gold could push slightly higher toward $3,355, meet resistance, and potentially reverse downward again. Key support lies at $3,320, and if this breaks, we could see gold testing $3,290–$3,280 levels, aligning with the black trend line support. However, if bulls manage to break above $3,360, it would signal potential upside continuation toward $3,380–$3,400.
Key Points
- Key Resistance Levels: $3,355 and $3,360 (critical supply zone).
- Key Support Levels: $3,320 (short-term), followed by $3,290–$3,280 (major trendline support).
- Expected Short-Term Move: Possible push toward $3,355 → rejection → decline back toward $3,320 and possibly $3,290.
Bullish Breakout Scenario: A strong close above $3,360 could push price toward $3,380–$3,400.
Overall Bias: Bearish while trading below $3,360.
4hr Chart
Price remains under pressure below the descending trendline. A small pullback toward $3,345–$3,350 is possible, but as long as price stays under this resistance, the bias remains bearish with potential downside targets around $3,300–$3,280.
Key Levels:
- Resistance: $3,350 → $3,381 → $3,394
- Support: $3,324 → $3,281 → $3,254
Today’s FOMC interest rate decision is a key driver for Gold. Here’s the quick analysis:
- If Fed Hikes Rates or Maintains Hawkish Tone:
- Strong USD likely → Gold could face more selling pressure.
- Key support zones: $3,324 – $3,300, then $3,281 and $3,254.
- If Fed Pauses or Turns Dovish:
- Dollar weakens → Gold may bounce toward resistance zones.
- Upside levels: $3,355 – $3,360 and higher toward $3,381 – $3,394 (Fib levels).
Expect high volatility; $3,300 is a critical support to watch. A dovish Fed may give Gold short-term relief, but a hawkish stance could accelerate the downtrend.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
XAUUSD - 29/7/25 - continued bearish There was quite strong bearish momentum yesterday during the US session. Going into Asian session and London session today there is a consolidation bullish. There is a 4 hour zone marked out where i am looking for a retest and continuation bearish to a key zone below where a reversal pivot is expected and then continuing bullish with the larger trend.
Gold Exhausted it Self Trying To take liquidity From The ATHFOREXCOM:XAUUSD
I'd Wait for a Retest On 3.333 For a short With That We have to confirm That the OB on 3.269 breaks With a Good 4h candle, we can Target 3.200 going From there
Gold 31 July – Bearish Bias Holds, Watching Supply ZonesGold (XAUUSD) Analysis – 31 July
Market structure is now aligned across both higher and lower timeframes:
H4: Bearish
M15: Bearish
This alignment strengthens the probability of trend-continuation setups in favor of the dominant downtrend.
🔄 Current Market Behavior:
The M15 chart is currently in a pullback phase, retracing toward its previous lower high and approaching a key supply zone.
📍 Key Supply Zones to Watch:
Zone 1 – Immediate Supply Zone (3299 – 3305)
• First area of interest where price may react.
• If respected and followed by M1 confirmation, a short setup could be initiated.
• Watch for signs of exhaustion or sharp rejection.
Zone 2 – Higher Supply Zone (3326 – 3332)
• If the first zone fails, this becomes the next high-probability area.
• Well-aligned with the broader bearish structure — expect stronger reaction potential.
• Suitable for cleaner high RR short trades if price reaches this level.
✅ Execution Plan:
• Observe how price behaves inside the marked zones.
• Only plan short entries after M1 confirmation — this adds precision and prevents premature entries.
• Stay patient. Let the market come to you and reveal intent before acting.
📌 Summary:
Bias: Bearish
Structure: H4 and M15 both support downside bias
Zones in Focus:
– Primary: 3299–3305
– Secondary: 3326–3332
Execution: Wait for confirmation before entering.
Risk-Reward: Maintain 1:3 RR minimum (e.g., 40 pip SL, 120 pip TP).
Let the structure guide your setups — not impulse.
📘 Shared by ChartIsMirror
GOLD recovers after many days of declineOANDA:XAUUSD has recovered after several days of declines. Investors will focus on the Federal Reserve's interest rate decision on Wednesday, which is expected to cause significant market volatility.
Gold hit a three-week low of $3,301 an ounce on Monday, before recovering somewhat on Tuesday after falling for a fourth straight day as the dollar erased some of its earlier gains, boosting demand for the precious metal.
Falling US Treasury yields and a weak US jobs report also prompted investors to buy gold.
Data released by the U.S. Labor Department on Tuesday showed the number of jobs added fell in June after two straight months of gains.
The number of jobs added in June fell to 7.44 million from a revised 7.71 million in May. The median forecast of economists in a survey was 7.5 million.
Focus on the Federal Reserve's decision
The Federal Reserve will announce its interest rate decision at 01:00 IST on Thursday; Federal Reserve Chairman Powell will hold a press conference on monetary policy at 01:30 IST on the same day.
The market generally expects the Federal Reserve to keep interest rates unchanged, with the focus on whether Fed Chairman Powell's speech will provide any clues about the timing or pace of future rate cuts.
The market sees a very low chance of a rate cut in July and a roughly 40% chance of another rate cut in September, up from about 10% last month, according to the Chicago Mercantile Exchange's FedWatch tool. Investors will be closely watching the statement and Fed Chairman Powell's remarks at his post-meeting press conference for fresh clues on the timing of the next rate cut.
- If Powell opens the door to a rate cut in September, citing the recent trade deal as a reason to ease uncertainty, US Treasury yields could fall immediately, paving the way for gold prices to rise.
- On the other hand, if Powell avoids committing to a rate cut at this meeting, citing recent rising inflation data, gold prices could fall.
Gold typically performs well in low-interest-rate environments because it does not pay interest and its appeal increases when returns from other assets decline.
Technical Outlook Analysis OANDA:XAUUSD
Gold has recovered from the key $3,300 price point and is holding above $3,310, which is also the nearest support. However, the current recovery is not technically enough to create a short-term uptrend, or conditions for a sustained price increase. In terms of position, gold is under pressure with the 21-day EMA as the nearest resistance at around $3,340 – $3,350. If gold falls below the 0.382% Fibonacci retracement level, it will be eligible to open a new downtrend with a target of around $3,246 in the short term, more than the 0.50% Fibonacci retracement level.
On the other hand, RSI is below 50, and the current 50 level acts as momentum resistance in the short term. If RSI slopes down, it will signal bearish momentum with more downside ahead. For gold to qualify for bullish expectations, it needs to at least push price action above EMA21, then retrace back to the price channels and finally break above the 0.236% Fibonacci retracement level to confirm bullish conditions. The upside target could be towards $3,400 in the short term, more like $3,430 – $3,450.
For the day, the technical outlook for gold prices tends to lean more towards the downside, with the following notable points listed.
Support: 3,310 – 3,300 – 3,292 USD
Resistance: 3,340 – 3,350 – 3,371 USD
SELL XAUUSD PRICE 3376 - 3374⚡️
↠↠ Stop Loss 3380
→Take Profit 1 3368
↨
→Take Profit 2 3362
BUY XAUUSD PRICE 3280 - 3282⚡️
↠↠ Stop Loss 3276
→Take Profit 1 3288
↨
→Take Profit 2 3294
XAUUSD long day trade idea hello
day trading idea long up to 3372-3383 price zone
fibonaci levels , maybe 3390
GOLD Weekly Idea💡Why Gold Pulled Back
- Gold pulled back today after hitting $3439.04, just below resistance at $3451.53. Traders took profits ahead of key Fed and trade headlines. Right now, it’s trading around $3414.48, down 0.50%.
- The dip came after the U.S.-Japan trade deal eased geopolitical tension, cutting safe-haven demand. Plus, U.S. bond yields are climbing (10-year at 4.384%), which adds pressure on gold.
Support is building at $3374.42, with stronger buying interest expected around $3347.97 and the 50-day moving average at $3336.40 — a key level bulls want to defend.
Short-term looks a bit weak, but as long as gold holds above the 50-day MA, the bullish trend remains intact. Longer-term, weakness in the dollar, central bank gold buying, and concerns about Fed independence could push prices higher.
🔍Watching the Fed’s July 29–30 meeting next
