GOLD | Bullish Bias Amid Fed & Trade Policy Uncertainty
Gold prices edge higher as markets weigh conflicting signals from the Federal Reserve and renewed trade policy uncertainty. Diverging opinions among Fed officials regarding the inflationary impact of President Trump's proposed tariffs have fueled demand for safe-haven assets.
While some members like Waller and Bowman appear open to rate cuts, others remain cautious about lingering inflation risks, adding to market volatility.
Technical Outlook:
Gold maintains bullish momentum above 3365. A break and hold above this pivot supports continuation toward 3375, and if momentum builds, toward 3385 and 3395.
However, any sustained move below 3365 may trigger a bearish correction toward the support zone between 3355 and 3342.
Pivot Line: 3365
Resistance Levels: 3375 · 3385 · 3395
Support Levels: 3355 · 3342
Bias: Bullish above 3365
Gold prices edge higher as markets weigh conflicting signals from the Federal Reserve and renewed trade policy uncertainty. Diverging opinions among Fed officials regarding the inflationary impact of President Trump's proposed tariffs have fueled demand for safe-haven assets.
While some members like Waller and Bowman appear open to rate cuts, others remain cautious about lingering inflation risks, adding to market volatility.
Technical Outlook:
Gold maintains bullish momentum above 3365. A break and hold above this pivot supports continuation toward 3375, and if momentum builds, toward 3385 and 3395.
However, any sustained move below 3365 may trigger a bearish correction toward the support zone between 3355 and 3342.
Pivot Line: 3365
Resistance Levels: 3375 · 3385 · 3395
Support Levels: 3355 · 3342
Bias: Bullish above 3365
Trade active
XAU/USD OVERVIEW – JULY 22The price was increased by about $35, as we mentioned yesterday.
Gold prices bounced off the $3,400 mark as traders brace for a string of major catalysts this week.
Geopolitical risks remain elevated, and EU officials are reportedly preparing broader countermeasures, increasing safe-haven demand.
Meanwhile, attention turns to Fed Chair Jerome Powell, who is set to speak Tuesday. With Trump intensifying pressure on the Fed, any dovish tone—or even a hint of instability—could trigger sharp moves in gold and the dollar ahead of next week’s FOMC.
🔍 TECHNICAL OUTLOOK
Gold reversed from the resistance zone at 3395–3402 and is now consolidating below it.
• Bearish scenario: While price holds below 3395, we expect a move toward 3373, then 3365
• Bullish scenario: A 1H close above 3402 will likely trigger upside momentum toward 3415, then 3436
Jerome Powell’s speech is likely to be the key catalyst for the next directional move.
Support: 3373 · 3365 · 3354
Resistance: 3402 · 3415 · 3436
Trade closed: target reached
GOLD | UPDATEThe price reached the final resistance at 3436 and reversed exactly from that level.
To confirm a bearish trend, the price must stabilize below 3416, which could lead to further downside toward 3402–3395.
However, if it holds above 3416, we may see a bullish move toward 3437.
A break above 3437 would confirm a continuation of the uptrend toward 3465.
Key Levels:
Pivot: 3416
Support: 3401–3395 · 3375
Resistance: 3436 · 3465
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.