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Waiting for non-farm payroll dataGold prices (XAU/USD) remained under pressure in Asian trading on Friday, trading below $3,300, not far from the January low reached earlier this week. Gold failed to extend its modest overnight rebound, primarily due to the strong US dollar. The Federal Reserve's latest hawkish tone has prompted a reassessment of the timeline for interest rate cuts, boosting demand for the US dollar and weighing on the non-interest-bearing asset, gold. The US dollar index rose for the seventh consecutive day, reaching a new high since late May, further weakening gold's appeal. Key to the dollar's momentum lies in the latest inflation data: the US PCE price index rose to 2.6% year-on-year in June, while the core index remained stable at 2.8%, exceeding market expectations and reinforcing the view of persistent inflation. "Both inflation data and GDP data suggest the US economy remains resilient, giving the Fed little reason to rush into easing," said a Fed observer. "This limits gold's near-term potential as a hedge." Meanwhile, US President Trump signed an executive order on Thursday imposing import tariffs ranging from 10% to 41% on several trading partners, including Asian countries. Countries with trade deficits will face tariffs of at least 15%. This move has heightened global trade concerns, boosted market demand for safe-haven assets, and provided some support for gold. Despite this, gold prices remain mired in a downward trend. Investors are generally maintaining a wait-and-see approach, awaiting Friday's release of the US July non-farm payroll report. This data is seen as a key indicator of economic resilience and the interest rate outlook. Expectations suggest an increase of 110,000 jobs and a slight rise in the unemployment rate to 4.2%. The daily gold chart shows that prices are in a weak consolidation phase, capped by key resistance near $3,320. If gold prices fail to break through this area, there is a risk of further decline in the short term. Stronger resistance lies above $3,350. A breakout on strong volume could trigger a rebound towards the $3,380 area, potentially pushing the price above $3,400. As for downside support, the 100-day moving average provides initial support near $3,270. A break below this could trigger further downward pressure, targeting the $3,240 area, the June low. A further break below this level would target the psychologically important $3,200 level. In terms of indicators, the MACD death cross continues, with a shortening red bar, indicating weakening bearish momentum but no reversal. The RSI remains in neutral to weak territory, not clearly oversold. The current gold trend is characterized by a "structurally bearish, sentimentally supportive" pattern. Despite the trade war and heightened global risk aversion, the Federal Reserve's caution about inflation and the strong dollar are exerting significant pressure. If the July non-farm payroll data is strong, gold could test further technical support. Conversely, weak data or a pullback in the dollar could trigger a technical rebound. PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD FOREXCOM:GOLD EIGHTCAP:XAUUSD FOREXCOM:GOLD
TVC:GOLD
by Charlie_Senior_Analyst
Gold Price Consolidates in Symmetrical Triangle, Breakout Ahead?Gold shows a clear bearish trend within a well-defined downward channel. Price action continues to form lower highs and lower lows, reinforcing the ongoing downtrend. The recent rejection from $3,312 suggests that bulls are struggling to regain control, and the market remains pressured by selling momentum. The price is currently hovering near $3,287 just above horizontal support zone. 📉 Potential Scenarios - Bearish Continuation (Most Likely) - If price continues to stay below $3,300 and breaks below $3,281, it may aim for $3,261 and $3,249. - A close below $3,281 would confirm further bearish pressure and signal downside continuation toward the $3,240s range. - Short-Term Bullish Retracement - If price holds above $3,281 and breaks above $3,300–$3,312, a relief rally may occur at first resistance: $3,306 and second resistance: $3,312. - However, unless gold breaks above $3,332 (previous swing high), this would still be considered a bear market rally. - Range-bound Movement - A third scenario is sideways price action between $3,281 and $3,312, where neither bulls nor bears take control immediately. This would represent market indecision or awaiting external catalysts (e.g., economic data, Fed policy). 🔍 Trend Outlook - Short-Term Trend: Bearish - Medium-Term Trend: Bearish, unless price breaks and sustains above $3,312 - Long-Term Trend: Neutral-to-bullish, as long as price holds above the macro support zone near $3,240 1D Chart Long Term Possible Scenario The price is currently trading around $3,285, sitting just above the triangle’s ascending trendline support and within a key horizontal demand zone around $3,250–$3,300, which has held multiple times in the past. If bulls manage to push the price above $3,360–$3,400, it could confirm a breakout and open the door toward the next major resistance at $3,450. However, if price fails to hold above the current ascending trendline, a breakdown could retest the base support near $3,248 or even lower toward $3,150 Gold is currently in a neutral consolidation phase within a symmetrical triangle, with both bullish and bearish breakout scenarios possible. The breakout direction from this pattern—expected in the coming weeks, will likely set the tone for gold's medium-term trend. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDShort
by SibiSh
renderwithme ||| XAU/USD Monthly Analysis (August 2025 Outlook) #Fundamental Analysis Gold prices are influenced by macroeconomic factors, monetary policy, and geopolitical events. Based on recent data:Federal Reserve Policy: The Fed’s decision to maintain interest rates at 4.25–4.50% in July 2025, with a hawkish tilt, has strengthened the US dollar, putting downward pressure on gold. A stronger USD typically reduces gold’s appeal as it’s priced in dollars. However, expectations of a potential rate cut in September could support gold if signaled by Fed Chair Jerome Powell. Watch for updates in the FOMC statement or Powell’s comments for clues on future policy. #Economic Indicators: Strong US economic data, such as a robust labor market (jobless claims at a 3-month low) and rising consumer confidence (Conference Board’s Index at 97.2 in July), suggest increased economic activity, which could bolster the USD and limit gold’s upside. Upcoming data like the US PCE Price Index and Nonfarm Payrolls (NFP) in early August will be critical for gauging inflation and labor market trends, impacting gold’s trajectory. Geopolitical and Safe-Haven Demand: Reduced safe-haven demand due to de-escalating global trade tensions and geopolitical stability has capped gold’s gains. However, any escalation in conflicts (e.g., Russia-Ukraine or Middle East) or renewed trade disputes could drive demand for gold as a safe-haven asset. Central Bank Demand: Continued central bank gold purchases could provide long-term support, but a slowdown in buying might weigh on prices. # Inflation and Currency Dynamics: Persistent US inflation supports the USD, limiting gold’s attractiveness. Conversely, a recovering Chinese economy or global policy easing could boost gold demand. #Technical Analysis Recent technical data suggests a mixed outlook for XAU/USD on the monthly timeframe:Price Levels and Trends: As of late July 2025, XAU/USD is trading around $3,291–$3,337, consolidating after retreating from a high of $3,440. The monthly chart shows a medium-term uptrend channel that began in early 2025, with support around $3,285–$3,300 and resistance at $3,355–$3,430. A decisive break above $3,355 could signal bullish momentum toward $3,500 or higher, while a break below $3,285 might target $3,130 or lower. Indicators: The 14-day RSI at 46.10 suggests neutral momentum, neither overbought nor oversold. Technical indicators show mixed signals, with 15 bearish and 11 bullish signals as of July 28, 2025, reinforcing a cautious outlook. Key Levels: Support: $3,275–$3,225 (major demand zone), $3,130 (potential deeper pullback). Resistance: $3,355, $3,430, $3,500 (psychological level). A bearish descending channel on shorter timeframes (e.g., 1H, 3H) suggests potential downside unless $3,320 is breached. Monthly ForecastBearish Scenario: If the USD remains strong due to hawkish Fed signals, persistent inflation, or robust US economic data, XAU/USD could test support at $3,275–$3,225. A break below this zone might lead to $3,130 or even $2,900 in a deeper correction, especially if safe-haven demand weakens further. Bullish Scenario: A Fed signal of rate cuts, renewed geopolitical tensions, or increased central bank buying could push gold above $3,355, targeting $3,430 or $3,500. A breakout above $3,430 could aim for $3,830, as suggested by some analysts. Expected Range: For August 2025, XAU/USD is likely to trade between $3,225 and $3,430, with volatility driven by US economic data and Fed policy updates. A monthly close above $3,430 would strengthen the bullish case, while a close below $3,225 would favor bears. Trading ConsiderationsRisk Management: Given the mixed signals, use tight stop-losses. For bullish trades, consider entries near $3,275–$3,300 with stops below $3,225. For bearish trades, enter near $3,320 with stops above $3,355. Key Events to Watch: Monitor the US PCE Price Index, NFP report, and Fed statements in early August for directional cues. Geopolitical developments could also trigger sudden moves. Volatility: The 30-day volatility is low at 0.91%, suggesting consolidation, but upcoming data releases could spark sharper moves. # Chart for the reference will give u better idea to take decisions in my views top has been made ~~ Disclaimer ~~ This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. # Boost and comment will be highly appreciated.
OANDA:XAUUSDShort
by renderwithme
Non-farm payrolls are coming. Will it trigger the market?On Thursday, the US dollar index briefly rallied after the Federal Reserve's favorite inflation indicator unexpectedly rebounded, crossing the 100 mark for the first time in two months. This marked the sixth consecutive trading day of gains and the first monthly gain since 2025. Spot gold rebounded as risk aversion lingered amid uncertainty surrounding Trump's tariff deadline, reaching a high of around $3,315, but its intraday gains narrowed after the release of the PCE data. The dollar has already firmly established itself above the 100 mark on the daily chart, so the next target is likely to be between 101.5 and 102.0. Currently, support levels on the daily chart are visible at 99.5 and 99.0. The gold market is currently consolidating in the 3315-3275 range. However, if the dollar rises again, Quaid believes gold prices could fall below 3275. On the daily chart, if it falls below 3275, the price would likely be around 3250. If 3250 falls below, the market could test 3200. However, the possibility of a consolidation between 3315 and 3275 remains undisputed. Before the release of the non-farm payroll data, scalping within this consolidation range is advisable. However, the risk is relatively high, so please take profits in time.
FX:XAUUSD
by quaid_2
Non-farm payrolls are coming. What's the gold trend?Gold fell sharply on Wednesday, but Thursday's market didn't continue the downward trend as some investors expected. Instead, it showed a trend of rising and then falling. From the daily perspective, we first need to focus on the resistance level near 3300 where the 5-day moving average is located. This position is not only a short-term technical resistance, but also reflects the market's psychological expectations to a certain extent. If prices can successfully break through this level and stabilize above it, it will indicate that bullish momentum is strengthening, potentially boosting market sentiment. At this point, the next resistance area to watch is the 3330-3340 range. This area converges the 10-day, 20-day and 30-day moving averages, forming a strong resistance band. As for the support below, the primary focus is Wednesday's low of 3268. However, if this level is lost and the price continues to fall, the next support area will be around 3245, which is the previous low. Trading strategy: Short around 3300, stop loss at 3310, profit range 3280-3260.
FX:XAUUSDShort
by quaid_2
GOLD ROUTE MAP UPDATEHey Everyone, Quick follow up on our 1H chart route map: What can I say.....pure perfection on our chart analysis as everything played out exactly as expected. Yesterday, we identified the first level of the swing range at 3289, which delivered a clean full swing into 3305. Today, we hit Level 2 of the swing range at 3267, and once again, it played out flawlessly with another full swing up to 3305. A perfect finish to the day. Great work all around! We are now looking for support above the swing range and a break above 3305 to track the movement up or further retest and break below the 1st level of the swing range may open the the 2nd level at 3267 again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3348 EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS 3369 EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET 3397 EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3328 - DONE EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET 3305 - DONE EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE 3289 - DONE 3267 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
XAUUSD: BUYThere are some good trading opportunities in the market. That's when to buy. Gold prices haven't fallen further since falling back to 3390. There's no further negative news. Therefore, there won't be a significant short-term decline. Our focus will be on tomorrow's non-farm payroll data update. This is a crucial factor that can cause gold prices to rise or fall significantly in the short term. I'll update you with real-time buy and sell opportunities. This is based on research from the Swing Trading Center. It's highly authoritative. Don't miss out! Remember to stay tuned. XAUUSD: BUY 3292-3282 TP 3320. SL 3265
TVC:GOLDLong
by WIN_Ludvig
The US dollar is strong. Be wary of gold.The US dollar index rose, now above 100, before retreating slightly and fluctuating slightly, reaching 100 for the first time in two months. After a sharp drop to around 3270 on Wednesday, gold rebounded sharply today. With the US dollar breaking through 100 and the USD/JPY pair breaking through 150, gold is now struggling to maintain its position. Thus, Quaid believes it's not appropriate to be overly bullish on gold for now. A significant decline is likely. The 4-hour chart shows that the upper moving average resistance is currently around 3310-3315. If it breaks through 3315, it could potentially move towards 3325. Conversely, if it fails to break through 3315 today, it could continue to consolidate in the 3315-3285 range. Waiting for new data to guide its trend.
FX:XAUUSD
by quaid_2
Bearish pennant pattern active. Active SELL✏️Gold price is forming a triangle accumulation pattern. That shows the hesitation of investors at the moment, they may be waiting for important economic indicators of the US this week. Just an impact that makes Price break out of the triangle border can create a strong FOMO trend. The price line is quite similar to the bearish pennant pattern and heading towards really strong support areas. 📉 Key Levels SELL Trigger: Break bottom line 3324 Target 3285, lower is the 3250 area BUY Trigger: Break and trading above 3333 BUY Trigger: Rejection and confirmation of candle at 3285 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDShort
by VHT_Trader
28
Follow master candle for today's SELL strategy✏️ OANDA:XAUUSD has continued a strong downtrend. Yesterday's D1 candle closed with a 60-price decrease, forming a master candle that determines the market trend. With the market having a master candle, pay attention to the 25% or 50% candle zones to trade in the direction of the trend. Today's main trading strategy will be to SELL according to the master candle. The BUY strategy will only be implemented when the 3313 zone is broken. 📉 Key Levels Support: 3285-3270-3250 Resistance: 3301-3312-3333 SELL Trigger. Rejection 3301, 3312 Target 3250 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDShort
by VHT_Trader
8
Gold Struggles at Resistance – Indicates Lower Lows AheadGold has been in a clear downtrend after facing a strong rejection around the 3,438 level (main resistance zone). Price is currently moving within a descending channel, confirming the formation of lower highs and lower lows – a classic bearish market structure. Currently, Gold is trading near 3,306, facing resistance at 3,339 (marked as a possible lower high). If price fails to break above this level and sustain, there is a strong probability of continuation towards 3,249 and even 3,216. Key Technical Highlights - Immediate Resistance: 3,339 – 3,353 - Support Levels: 3,301 (short-term), 3,249, and 3,216 A rejection near 3,339 can lead to another leg down targeting 3,249 and 3,216. However, a strong breakout above 3,339–3,353 could temporarily shift momentum towards 3,394. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDShort
by SibiSh
2
Gold bottomed out and rebounded, and gold is still rising!The latest news indicates that Trump has announced a 50% tariff on Brazilian products and a 25% tariff on Indian products, and has firmly stated that the tariffs will take effect on August 1st, with no further grace period. These positive factors will also support a rebound in gold. As for tomorrow's big non-farm payrolls, considering that both the previous two times were negative and contrary to the ADP, it is very likely to be bullish for gold, which may help boost a steady rebound in gold, so there is no need to worry if you are stuck with gold. Nothing rises forever, and nothing falls forever. Last week, the market rose in the first half, then fell in the second half. With the first half of this week's decline, the daily chart has already fallen to near the 100-day moving average. Be wary of a rebound in the second half. Gold is bearish today, but don't chase shorts. Focus on the 3300 resistance level. If it breaks above and stabilizes, expect a continued rebound to 3330-3345! A real-time strategy is like a beacon guiding your investment journey. The market will never disappoint those who persevere and explore wisely. FX:XAUUSD VELOCITY:GOLD FXOPEN:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD
OANDA:XAUUSD
by Charlie_Senior_Analyst
Gold fluctuates. Is the decline halted?Information Summary: Despite diminished market expectations for a September US rate cut, gold rebounded from a one-month low hit the previous session on Thursday, boosting its safe-haven appeal as newly announced US tariffs sparked new trade uncertainty. So far, gold has risen 1.15%, hovering around $3,310, a gain of nearly $40 today. On Wednesday, gold prices hit their lowest point since June 30th: $3,267.79. Market Analysis: On the 4-hour chart, prices remain below the middle Bollinger Band, with a descending trendline defining the current bearish momentum. Prices rebounded after hitting this month's low on Wednesday. In the short term, watch for price rejection signals near the trendline. Upward pressure currently lies between $3,315 and $3,325, while support lies between $3,280 and $3,270. Currently, prices are fluctuating upward. Quaid believes the bullish trend may continue. If the current resistance level is broken, it could reach the 3335 high before Wednesday's decline. Trading strategy: Go long near 3300, stop loss at 3290, profit range 3320-3330.
FX:XAUUSDLong
by quaid_2
1
Gold Crashing After Hot U.S. Data – More Pain Ahead?Minutes ago, important indices were released from the US , which catalyzed the continuation of gold's downward trend . Key U.S. Economic Data Just Dropped! ADP Employment: 104K GDP q/q: 3.0% Both came in stronger than expected , signaling that the U.S. economy is holding up better than many thought! Strong job growth Solid economic expansion The result? A stronger U.S. dollar ( TVC:DXY ) and potential downward pressure on Gold . All eyes are now on FOMC meeting . Will the Fed still hint at future rate cuts despite the solid data? Or is the easing cycle officially on hold? What is your idea!? ---------------------- Gold ( OANDA:XAUUSD ) has already managed to break the Support zone($3,350-$3,326) , Monthly Pivot Point , 50_EMA(Daily) , Support lines , and the lower line of the ascending channel . Also, Gold trading below $3,333 plays an important role for me, which can increase the possibility of a continuation of the downtrend . I expect Gold to drop to at least the Potential Reversal Zone(PRZ) before the FOMO meeting and if the Support zone($3,307-$3,272) is broken, we can expect further declines to $3,253(Second Target) . -------------------------------- Information we need to know: How should the Federal Funds Rate be announced to cause a deeper drop in Gold ? The Fed needs to take a hawkish stance — meaning: They keep rates unchanged, but make it clear they intend to keep them elevated for a prolonged period. They emphasize strong economic data like today's solid ADP and GDP numbers . They express concern that inflationary risks remain, and cutting rates isn’t on the table anytime soon. In this case, markets get disappointed, rate cut hopes fade, and gold drops as real yields( TVC:US10Y ) rise and the U.S. dollar strengthens. -------------------------------- Note: Stop Loss (SL) = $3,340 Gold Analyze (XAUUSD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
19
Short position profit. Latest strategyYesterday's gold price fluctuated: it maintained sideways fluctuations in the morning and started a downward channel after the opening of the US market. The Federal Reserve's interest rate decision remained unchanged. In addition, Powell's speech suppressed expectations of a September rate cut. The gold price directly fell to around 3267 and closed the day with a negative line, which exceeded expectations. Looking back at recent trends, gold prices saw a brief correction on Tuesday after four consecutive days of decline, but failed to sustain the upward trend, falling sharply again yesterday, demonstrating that the weak market remains intact. Judging from today's market, theoretically there is still room for further decline, but before yesterday's low is broken, we don't expect a big drop for the time being; if the support here is effective, the market may tend to correct. Pay attention to the daily resistance near 3315, and try shorting with a light position; the hourly resistance is near 3301, which is also a good position for shorting; the intraday bull-bear watershed is near 3294. If the market falls weakly and rebounds here, there may be a decline. The target below will first look at 3275. If yesterday's low of 3267 is broken, look further to 3250: On the long side, pay attention to the 3249 support below. If it is close to broken, you can try short-term buying. 【Operation ideas】👇 The bearish strategy in the morning remains unchanged. The short position at 3315 was publicly set up in the morning. The market rebounded to 3314 and then went down directly. The idea of setting up short positions at 3301 in the morning session remains unchanged. Friends who did not follow up with the short positions at 3315 can now add short positions with a light position at 3300. PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD VELOCITY:GOLD PYTH:XAUUSD
OANDA:XAUUSD
by Charlie_Senior_Analyst
XAUUSD 4H AnalysisGold is currently in a clear downtrend after failing to hold above the mid-channel. Price is retracing into a potential short zone with confluence from the moving average bands. Fibonacci Retracement: Price is reacting near the 38.2% level (3,318). Downside Fibonacci Targets: 1️⃣ 3,249.36 (38.2%) 2️⃣ 3,228.11 (61.8%) 3️⃣ 3,193.73 (100%) As long as the price stays below the red resistance zone, the bearish momentum is likely to continue toward the lower Fibonacci targets. A break above 3,339 would invalidate the short setup.
OANDA:XAUUSDShort
by VisionaryInsights
1
Where is GOLD going next?In the last four months, GOLD privided us a common pattern (for four times) that usually lead to an explosive moves. Where are we going next and what could be the target? In this case, time help us to understand better. The pattern is not complete yet and i expect the move to run in 24 hrs (maybe due to the high impact news will we have tomorrow, like the Initial Jobless Claim and CPE?). Now we just need to understand where the price will go to make profits, and to try to understand this we will check the RSI and the MACD. When this pattern occured, the RSI was rising and above 50 for three times with MACD on bullish cross (the three times that the price pumped) and was chopping and struggling close to 50 (but below it) with a bearish cross on MACD the single time it crushed. If we look at the actual situation, RSI is rising and MACD it's on bullish setup, but i will update you tomorrow (or when a breakout will occur). Now, for the possible target, we can easily aim to $100 move. So, price can touch $3420 for a long or $3240 for a short. What do you think guys? Let me know in the comments!
PEPPERSTONE:XAUUSD
by SaliJournal
Short selling remains the main themeGold hit a low of around 3267 yesterday and fluctuated until closing at 3274. Gold fluctuated upward at the opening today. Currently, gold is fluctuating around yesterday's rebound point of 3305. This is the resistance we need to pay attention to in the short term. From the 4H analysis, today's short-term resistance is around 3305-3315. If gold wants to rise, it needs to stabilize above 3315. Focus on the 3335 first-line pressure, and rebound to the 3305-3315 resistance area during the day. You can consider shorting and follow the trend to see the decline unchanged, looking towards 3290-3280. Rely on this range to maintain the main tone of high-altitude participation. For the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
OANDA:XAUUSDShort
by HuntingWolves
GBPUSD extends to the downside. Wait for retest to sell✏️ OANDA:GBPUSD confirms the downtrend by breaking the trendline. The downtrend is still extending to lower areas because the GBPUSD bearish wave structure is very beautiful. Some selling momentum appears around the breakout zone of 1.339, which will form a bearish structure towards the support of 1.287 in the near future. Putting faith in the trendline at the moment is reliable. 📉 Key Levels SELL zone 1.339-1.341 SELL DCA trigger: Break and trading bellow 1.317 Target 1.287 Leave your comments on the idea. I am happy to read your views.
Short
by VHT_Trader
2
Will Upcoming Data Determine the Next Gold's Direction?Macro approach: - Gold retreated this week, reversing early gains to trade near four-week lows amid renewed US dollar strength and caution ahead of the Fed's policy decision. - The retreat was mainly pressured by stronger-than-expected US economic data and a tentative revival in risk appetite, offsetting pockets of safe-haven demand. - Key drivers included robust US GDP growth for 2Q, a bounce in consumer confidence, and the Fed's steady rates with a more hawkish tone, suggesting cuts may be further out. - Meanwhile, recent US-EU and US-China trade deals eased some global uncertainty, damping gold's appeal as a hedge.  - Market participants also eyed the labor market's continued cooling, but resilient consumer spending further buoyed the dollar. - Gold may remain volatile, with potential upside if upcoming US PCE inflation and NFP reports disappoint expectations. Any escalation in trade tensions or signals of Fed policy easing could renew support for gold prices. Technical approach: - XAUUSD fluctuated within the range of 3285-3560, which is below the broken ascending trendline. The price between the two EMAs awaits an apparent breakout to determine the next trend. - If XAUUSD breaks below the support at 3273, confluence with EMA78, the price may plunge to retest the following support at 3167. - On the contrary, remaining above the support at 3273 may lead XAUUSD to retest the resistance at around 3560. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
ICMARKETS:XAUUSD
by DatTong
2
Roadmap to 3982: Key Long Entries and Profit ZonesThe initial long entry zone is between 3290 and 3275 . From this range, an uptrend is expected to begin, targeting 3416 , which is our first exit point to close the initial long position. After that, we wait for the next long entry , ideally around 3333 to 3319 . A new upward movement from this range is expected to reach 3455 . At this level, we continue to hold the position while placing the stop loss at the entry level to protect profits. The next take profit target is 3650 , which may be reached by the end of 2025 or in 2026. The final target is 3982 , which is likely to be hit in 2026, as the market may not have enough strength to reach it in 2025.
OANDA:XAUUSDLong
by teconlab
Gold Price Update – Testing Key ResistanceGold is currently trading around 3367, showing strong bullish momentum as it continues to form higher lows, which indicates an ongoing uptrend. The market structure is developing inside a rising wedge pattern, with the price consistently respecting both the ascending support and resistance lines. Gold is now testing a key resistance zone between 3376 and 3450, an area that previously acted as a major supply zone and caused sharp rejections. A successful breakout and close above 3450 will likely confirm a bullish continuation and may open the door for a rally toward 3500 and possibly 3580. However, if gold fails to break this level, it could retrace back to the 3300 or 3250 support zones, especially if a rejection candle forms in the daily timeframe. 📊 Key Technical Highlights: - Price has approached the upper resistance boundary of the wedge. - Daily candle is bullish, indicating strong buying momentum. - However, unless price closes above 3,376–3,450, there’s still a risk of rejection from the top channel and a pullback toward 3,300–3,250. 🔑 Key levels to watch: - Gold is currently trading around $3,367, just below a crucial horizontal resistance at $3,376 - A strong breakout above $3,376, and especially above $3,450, could open the door for further bullish movement toward the $3,500–$3,600 range, following the upper trendline of the ascending channel. - On the downside, if price fails to hold the higher low at $3,252, a drop toward $3,200 or even $3,100 is possible aligning with the downward red trendline. - The structure remains bullish overall, as price is still making higher lows and staying within the rising channel 📊 Weekly Gold Chart Analysis Gold is currently trading around $3,368, forming a symmetrical triangle pattern on the weekly timeframe. This pattern typically indicates a period of consolidation before a potential breakout in either direction. The price is getting squeezed between lower highs and higher lows, which is a sign of decreasing volatility and approaching breakout. 🔑 Key Technical Insights: - ✅ Current Structure: Price has been consolidating within a triangle since April 2025 after a strong upward move. It is now near the apex of the triangle, suggesting a breakout is imminent—most likely in the next 1–2 weeks. 🔼 Bullish Breakout: - If gold breaks above the triangle resistance (~$3,385–$3,393), it could trigger a sharp rally. - Upside targets post-breakout: $3,450, $3,500, $3,600+ (if momentum continues) 🔽 Bearish Breakdown: - A break below the triangle support (~$3,335–$3,325) may lead to a deeper correction. - Downside targets post-breakdown: $3,285, $3,200 - Possibly $3,100–$3,050 if bearish sentiment intensifies 📉 Volume Drop: As typical with triangles, volume has likely decreased, signaling indecision. Once volume returns, it will likely confirm the breakout direction. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDLong
by SibiSh