Gold price summary: will continue to rise to $3,400
Analysis of the latest gold news (as of July 12, 2025)
1. Macroeconomics and monetary policy
The market generally pays attention to the interest rate meeting on July 29-30.
If the Fed sends a dovish signal, it may further enhance the attractiveness of gold as an anti-inflation asset.
However, the non-farm payrolls data in June showed that the labor market is still resilient, and the pressure to cut interest rates in the short term is limited.
The US dollar index continued to weaken, and the medium- and long-term depreciation trend has not changed, providing monetary support for gold.
2. Geopolitical risks are heating up
The situation in the Middle East has escalated
Israel arrested a special agent team of the Iranian "Quds Force" in southern Syria, triggering escalation of regional tensions.
At the same time, the Houthi armed forces used hypersonic missiles to attack Israel, resulting in obstruction of Red Sea shipping and a 300% surge in aviation insurance costs, further boosting the demand for gold as a safe-haven asset.
The conflict between Russia and Ukraine continues to ferment
The Russian army announced that it had completely controlled the entire territory of Luhansk, and the United States suspended some military aid to Ukraine, and the situation on the battlefield was stalemate.
Geopolitical risks and global central bank gold purchases (China has increased its holdings to 73.9 million ounces for eight consecutive months) highlight the value of gold as a "crisis hedge tool."
Technical Analysis
Key resistance: $3,370
Short-term support moves up to $3,330.
Macro support: 3300 (psychological support), 3277 (trend line support), 3247 (61.8% Fibonacci retracement level).
Macro resistance: 3370 (61.8% retracement level), 3400 (psychological barrier), 3452 (previous high).
Short-term trend:
Breaking through key resistance:
Gold price breaks through the upper track of the triangle pattern ($3327) and the $3350 resistance level (50% Fibonacci retracement level), and the short-term technical side is strong.
Operation strategy
Long position:
Pull back to 3320-3330 range to go long
Stop loss at $3310
Target at $3380-3400.
Be cautious about shorting
Oscillating range strategy:
If the price stabilizes at $3350-3365, it may further hit $3400; start a new round of rise.
If it falls below $3300, it may fall to the support level of 3277-3247.
Analysis of the latest gold news (as of July 12, 2025)
1. Macroeconomics and monetary policy
The market generally pays attention to the interest rate meeting on July 29-30.
If the Fed sends a dovish signal, it may further enhance the attractiveness of gold as an anti-inflation asset.
However, the non-farm payrolls data in June showed that the labor market is still resilient, and the pressure to cut interest rates in the short term is limited.
The US dollar index continued to weaken, and the medium- and long-term depreciation trend has not changed, providing monetary support for gold.
2. Geopolitical risks are heating up
The situation in the Middle East has escalated
Israel arrested a special agent team of the Iranian "Quds Force" in southern Syria, triggering escalation of regional tensions.
At the same time, the Houthi armed forces used hypersonic missiles to attack Israel, resulting in obstruction of Red Sea shipping and a 300% surge in aviation insurance costs, further boosting the demand for gold as a safe-haven asset.
The conflict between Russia and Ukraine continues to ferment
The Russian army announced that it had completely controlled the entire territory of Luhansk, and the United States suspended some military aid to Ukraine, and the situation on the battlefield was stalemate.
Geopolitical risks and global central bank gold purchases (China has increased its holdings to 73.9 million ounces for eight consecutive months) highlight the value of gold as a "crisis hedge tool."
Technical Analysis
Key resistance: $3,370
Short-term support moves up to $3,330.
Macro support: 3300 (psychological support), 3277 (trend line support), 3247 (61.8% Fibonacci retracement level).
Macro resistance: 3370 (61.8% retracement level), 3400 (psychological barrier), 3452 (previous high).
Short-term trend:
Breaking through key resistance:
Gold price breaks through the upper track of the triangle pattern ($3327) and the $3350 resistance level (50% Fibonacci retracement level), and the short-term technical side is strong.
Operation strategy
Long position:
Pull back to 3320-3330 range to go long
Stop loss at $3310
Target at $3380-3400.
Be cautious about shorting
Oscillating range strategy:
If the price stabilizes at $3350-3365, it may further hit $3400; start a new round of rise.
If it falls below $3300, it may fall to the support level of 3277-3247.
💸Free signal:t.me/+-tEkPdw9F0IzOGQx
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.
💸Free signal:t.me/+-tEkPdw9F0IzOGQx
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.