📈 Gold Weekly Forecast (28 July – 01 Aug 2025)
By: RanaNadeemFX
🔍 Technical Overview:
Gold (XAUUSD) is currently trading around $3,337, showing rejection near the previous resistance zone of $3,430–$3,450. The market has recently pulled back after testing this resistance and is now approaching a confluence support area formed by:
Dynamic trendline support (ascending black line)
Horizontal support zone around $3,300–$3,320
50-day EMA providing additional support
This zone is critical and likely to act as a bullish demand area, provided no major fundamental risk-off event occurs.
📌 Key Levels to Watch:
Support Zones: $3,300 / $3,270
Resistance Zones: $3,430 / $3,450
📊 Trade Setup Highlighted on Chart:
A buy opportunity is marked from current price levels with a potential bounce back towards $3,430–$3,450.
Entry Zone: Around $3,330 to 37
Target: $3,450
Stop Loss: Below $3,300
This setup offers a favorable risk-reward ratio, assuming price respects the support and resumes the upward trend.
🧠 Bias: Bullish (as long as price stays above $3,300 support zone)
⚠️ Note: Keep an eye on upcoming US economic data releases and geopolitical developments which could add volatility to gold prices.
📌 Follow for more: RANANADEEMFX
#GoldAnalysis #XAUUSD #WeeklyForecast #TechnicalAnalysis #TradingView #ForexTrader #PriceAction #GoldOutlook #SmartMoneyConcepts
By: RanaNadeemFX
🔍 Technical Overview:
Gold (XAUUSD) is currently trading around $3,337, showing rejection near the previous resistance zone of $3,430–$3,450. The market has recently pulled back after testing this resistance and is now approaching a confluence support area formed by:
Dynamic trendline support (ascending black line)
Horizontal support zone around $3,300–$3,320
50-day EMA providing additional support
This zone is critical and likely to act as a bullish demand area, provided no major fundamental risk-off event occurs.
📌 Key Levels to Watch:
Support Zones: $3,300 / $3,270
Resistance Zones: $3,430 / $3,450
📊 Trade Setup Highlighted on Chart:
A buy opportunity is marked from current price levels with a potential bounce back towards $3,430–$3,450.
Entry Zone: Around $3,330 to 37
Target: $3,450
Stop Loss: Below $3,300
This setup offers a favorable risk-reward ratio, assuming price respects the support and resumes the upward trend.
🧠 Bias: Bullish (as long as price stays above $3,300 support zone)
⚠️ Note: Keep an eye on upcoming US economic data releases and geopolitical developments which could add volatility to gold prices.
📌 Follow for more: RANANADEEMFX
#GoldAnalysis #XAUUSD #WeeklyForecast #TechnicalAnalysis #TradingView #ForexTrader #PriceAction #GoldOutlook #SmartMoneyConcepts
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.
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.