XAUUSD – Market OverviewFundamental Outlook:
Gold has recovered from prior losses, stabilizing on the back of renewed safe-haven demand amid escalating global trade tensions.
Analysts point to growing concerns over a broader U.S.-led trade war, which has pushed investors toward gold as a defensive asset. While President Trump has delayed the reimplementation of tariffs until August 1 to allow for negotiation, markets remain cautious, and volatility is expected to persist.
Technical Outlook:
Gold is currently trading above the pivot level at 3320, which has a consolidation within 3320 - 3342 range
Stability above 3342 would likely extend the rally toward 3365, with 3356 as an intermediate resistance.
However, a 1H candle close below 3320 could shift momentum back to bearish, targeting 3297 and 3281.
Support Levels: 3312 / 3297 / 3281
Resistance Levels: 3342 / 3356 / 3365
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.