Gold 
XAUUSD has been recovering slightly toward the 3,282 USD zone, but macroeconomic headwinds remain strong:
- The U.S. Dollar Index (DXY)
DXY remains above 106.3 – the highest level in a month – making gold less attractive due to increased opportunity cost.
- U.S. 10-year Treasury yields remain firm around 4.35%, reflecting market expectations that the Fed will maintain tight monetary policy.
- Core PCE data for June remains elevated, far from the Fed's 2% target – lowering the likelihood of a rate cut anytime soon.
- Geopolitical tensions are cooling off, reducing demand for safe-haven assets like gold.
➡ These macro factors suggest that the current rebound in gold is more technical than fundamental, and unlikely to signal a major trend reversal.
1. Technical Analysis – XAUUSDXAUUSD on D1 Timeframe
- After bouncing from 3,255 USD, price is now testing the 3,285 – 3,295 USD resistance zone.
- This is a Fibonacci retracement zone (0.5 – 0.618) from the previous bearish leg 3,314 → 3,255.
- EMA20 and EMA50 remain downward-sloping, signaling that the dominant trend is still bearish.
- RSI is hovering around 52, suggesting mild momentum but not enough for a confirmed bullish reversal.
➡ The current price behavior aligns with a pullback within a downtrend, with potential for continuation to the downside.
2. Trade Setup – Short-Term Sell Strategy
Primary Setup: Sell the Rally
Entry: Sell near 3,294 – 3,295
Stop Loss: 3,300
Take Profit 1: 3,260
Take Profit 2: 3,244
Take Profit 3: 3,225
Ps: GoldXAUUSD is showing signs of a technical bounce, but fundamentals and structure still support the downtrend. Selling at resistance remains the preferred strategy as long as macro pressure persists.
The strategy will be updated continuously – don't forget to save and follow to avoid missing key opportunities.
Analysis by Henrybillion
XAUUSD has been recovering slightly toward the 3,282 USD zone, but macroeconomic headwinds remain strong:- The U.S. Dollar Index (DXY)
DXY remains above 106.3 – the highest level in a month – making gold less attractive due to increased opportunity cost.- U.S. 10-year Treasury yields remain firm around 4.35%, reflecting market expectations that the Fed will maintain tight monetary policy.
- Core PCE data for June remains elevated, far from the Fed's 2% target – lowering the likelihood of a rate cut anytime soon.
- Geopolitical tensions are cooling off, reducing demand for safe-haven assets like gold.
➡ These macro factors suggest that the current rebound in gold is more technical than fundamental, and unlikely to signal a major trend reversal.
1. Technical Analysis – XAUUSD
XAUUSD on D1 Timeframe- After bouncing from 3,255 USD, price is now testing the 3,285 – 3,295 USD resistance zone.
- This is a Fibonacci retracement zone (0.5 – 0.618) from the previous bearish leg 3,314 → 3,255.
- EMA20 and EMA50 remain downward-sloping, signaling that the dominant trend is still bearish.
- RSI is hovering around 52, suggesting mild momentum but not enough for a confirmed bullish reversal.
➡ The current price behavior aligns with a pullback within a downtrend, with potential for continuation to the downside.
2. Trade Setup – Short-Term Sell Strategy
Primary Setup: Sell the Rally
Entry: Sell near 3,294 – 3,295
Stop Loss: 3,300
Take Profit 1: 3,260
Take Profit 2: 3,244
Take Profit 3: 3,225
Ps: Gold
XAUUSD is showing signs of a technical bounce, but fundamentals and structure still support the downtrend. Selling at resistance remains the preferred strategy as long as macro pressure persists.The strategy will be updated continuously – don't forget to save and follow to avoid missing key opportunities.
Analysis by Henrybillion
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
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Join the community group to get support and share knowledge!
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Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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.