XAUUSD Gold Trading Strategy August 7, 2025:
Gold prices are steady as US President Donald Trump has imposed an additional 25% tariff on Indian goods due to India's continued purchases of Russian energy. This new measure raises the current 25% tariff on Indian goods to 50%.
Fundamental news: The current market pulse is still mainly revolving around the tariff story initiated by Trump, in which spot gold is trading in a fairly narrow range. Gold is still waiting for further impact from the Fed's interest rate cut process, a weaker dollar will create support for non-yielding gold.
Technical analysis: The trading range of gold prices is currently narrowing, RSI on H1 and H4 frames is approaching the overbought zone. Gold prices have recovered, but resistance zones such as 3400 - 3405 and 3420 - 3425 can be short-term profit-taking areas for investors. Liquidity zones and Fibonacci frames show that the upward force of gold prices is showing signs of slowing down.
Important price zones today: 3373 - 3378, 3400 - 3405 and 3420 - 3425.
Trading trend today: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3402 - 3404
SL 3407
TP 3399 - 3390 - 3380 - 3360 - OPEN.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3410 - 3390 - 3370 - OPEN.
Plan 3: BUY XAUUSD zone 3373 - 3375
SL 3370
TP 3378 - 3388 - 3400 (small volume).
Wishing you a safe, successful and profitable trading day.💗💗💗💗💗
Gold prices are steady as US President Donald Trump has imposed an additional 25% tariff on Indian goods due to India's continued purchases of Russian energy. This new measure raises the current 25% tariff on Indian goods to 50%.
Fundamental news: The current market pulse is still mainly revolving around the tariff story initiated by Trump, in which spot gold is trading in a fairly narrow range. Gold is still waiting for further impact from the Fed's interest rate cut process, a weaker dollar will create support for non-yielding gold.
Technical analysis: The trading range of gold prices is currently narrowing, RSI on H1 and H4 frames is approaching the overbought zone. Gold prices have recovered, but resistance zones such as 3400 - 3405 and 3420 - 3425 can be short-term profit-taking areas for investors. Liquidity zones and Fibonacci frames show that the upward force of gold prices is showing signs of slowing down.
Important price zones today: 3373 - 3378, 3400 - 3405 and 3420 - 3425.
Trading trend today: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3402 - 3404
SL 3407
TP 3399 - 3390 - 3380 - 3360 - OPEN.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3410 - 3390 - 3370 - OPEN.
Plan 3: BUY XAUUSD zone 3373 - 3375
SL 3370
TP 3378 - 3388 - 3400 (small volume).
Wishing you a safe, successful and profitable trading day.💗💗💗💗💗
This is the place I created to be able to share knowledge and free trading signals for you to refer to and trade in the most effective and safe way with me. t.me/goldviewsight
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.
This is the place I created to be able to share knowledge and free trading signals for you to refer to and trade in the most effective and safe way with me. t.me/goldviewsight
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.