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Gold Showing Signs of Reversal After Hitting Key ResistanceHello Guys. Gold has reached a major resistance zone around 3439–3425, which has already acted as a strong ceiling in the past. The price tapped into this area again, forming a clear divergence, and failed to break higher. Here’s what stands out: Divergence signals a weakening bullish momentum at the top. The price rejected the resistance and is now breaking structure to the downside. A minor pullback may occur before continuation, as shown in the projected moves. First target: 3259.792 Second target (if support breaks): 3136.869, a deeper zone for potential bounce or further drop. This setup hints at a bearish trend building up. Stay cautious on longs unless the price structure changes again.
OANDA:XAUUSDShort
by melikatrader94
25
Bullish Rejection from Support, Upside in FocusMarket Overview: On the M15 timeframe, XAUUSD shows signs of a short-term bullish reversal after a prolonged sideways range around the key support zone of 3,286 – 3,289 USD. Price faked out below this support but quickly recovered, forming a V-shape reversal, suggesting strong buying interest has returned. Key Levels to Watch: Support Zones: - 3,286 – 3,289: Strong intraday support, tested multiple times with sharp rejections - 3,274: Next significant support if the above zone fails Resistance Zones: - 3,300 – 3,304: First resistance target aligned with the recent high - 3,308 – 3,312: Higher resistance area where supply may emerge Technical Indicators: EMA: Price has reclaimed the short-term EMAs, indicating bullish momentum on lower timeframes RSI: Rising above 50 but not yet overbought – there’s room for further upside Volume: Increasing volume during the bounce confirms buying strength Trading Strategy: - Bullish Scenario (Preferred): Entry Zone: Watch for pullback toward 3,290 – 3,292 Stop Loss: Below 3,285 Take Profit 1: 3,300 Take Profit 2: 3,304 Extended Target: 3,308 – 3,312 (if bullish momentum continues beyond breakout zone) - Bearish Scenario (Alternate): Only valid if price breaks and closes strongly below 3,286 Short Target: 3,274 – 3,270 Note: Counter-trend strategy – higher risk, requires strong confirmation Conclusion: Gold is showing a bullish price structure on the 15-minute chart. As long as price holds above the 3,286 – 3,289 support zone, the path of least resistance appears to be upward, with 3,300 and 3,304 as the next logical targets. Monitor price action closely during the U.S. session for a potential long setup. - Follow for more real-time gold trading strategies and save this idea if you find it helpful!
FX:XAUUSD
by Henrybillion
2
The idea of shorting on rallies below 3315 remains unchanged.Gold remains generally weak, with multiple rebounds showing signs of fatigue. The upward moving average continues to suppress prices, indicating that the bearish trend remains intact, and the short-term market outlook remains bearish. Trading strategies remain bearish today, with a key focus on the 3300-3315 area, a key short-term resistance zone. If the market rebounds before the US market opens and approaches this area, or if a clear topping signal appears near this range, consider entering a short position. Today will see the release of the non-farm payroll data, which may influence the market's trajectory. We recommend prioritizing short-term trading before the release, and reconsidering the market's direction based on market feedback after the release. Structurally, gold continues to exhibit a volatile downward trend, with lower highs and lower lows. Today's low is expected to be lower than yesterday's. Short-term short positions are focused on 3285-3280, with a break below this level potentially allowing for further declines. Please carefully time your entry, strictly implement risk management, and avoid emotional trading.
OANDA:XAUUSDShort
by Trade-Daniel
2
Gold consolidates near key support – What's next for?1. Market Overview On the 15-minute chart, XAUUSD is trading around 3,290–3,292 USD, hovering just above a critical intraday support zone at 3,287–3,289 USD (highlighted in blue). This area has repeatedly provided a bounce in recent sessions, indicating persistent buying interest. The current price action reflects sideways movement within a narrow range (3,287–3,296 USD), and notably, declining volatility, as shown by reduced candle range and trading volume. 2. Technical Breakdown EMA: Price is moving around the EMA20 and EMA50, reflecting indecision and lack of directional momentum. RSI (inferred): Likely hovering near the neutral 50–55 zone, confirming a balanced market. Trendline: A descending series of lower highs from the 3,312 peak suggests bearish pressure, though buyers still defend key support. Fibonacci: The 3,287 USD zone aligns with the 61.8% Fibonacci retracement level, reinforcing its strength as a bounce area. 3. Key Levels to Watch 3,287–3,289: Support - Repeated reactions here – key demand zone 3,296: Immediate resistance - Needs breakout to confirm bullish move 3,302: Next resistance - Breakout target – short-term top 3,275: Deeper support - Retest level if support breaks 4. Trading Strategy Scenarios 🔹 Scenario 1 – Long setup at support Entry: 3,287–3,289 (wait for bullish reaction like pin bar or engulfing) Stop Loss: Below 3,284 TP1: 3,296 | TP2: 3,302 🔹 Scenario 2 – Short setup on breakdown Entry: Below 3,284 (after clear bearish candle close) Stop Loss: 3,288 TP1: 3,275 | TP2: 3,268 5. Conclusion Gold is in a tug-of-war at a sensitive support zone. Whether bulls defend or bears break below will set the tone for the rest of the session. Focus on price reaction around 3,287 to determine direction – avoid blind predictions. Make sure to follow for more live strategies as the New York session unfolds – and save this post if you find it helpful! What’s your view on this support zone? Let’s discuss below!
FX:XAUUSD
by Henrybillion
2
NF news, can gold selling pressure drop to 3240?⭐️GOLDEN INFORMATION: Gold (XAU/USD) is trading lower, around $3,285 in early Asian hours on Friday, as a firmer U.S. dollar weighs on the non-yielding metal following new tariff measures announced by President Donald Trump. The White House said late Thursday that Trump will set a 10% baseline tariff, stepping back from earlier speculation about hikes to 15% or higher, according to Bloomberg. He also signed an executive order raising the tariff on Canada from 25% to 35%, effective August 1, 2025, while extending Mexico’s current tariff rates for another 90 days to allow more time for negotiations. ⭐️Personal comments NOVA: large frame, gold price is still moving in the downtrend line. will wait for NF result to have strong selling force again 3240 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3374- 3376 SL 3381 TP1: $3365 TP2: $3350 TP3: $3333 🔥BUY GOLD zone: $3242-$3240 SL $3235 TP1: $3255 TP2: $3268 TP3: $3280 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
XAUUSD 4H – Massive Sell Setup: Gold Crash Incoming? Gold (XAUUSD) just tapped into a key liquidity zone near the 38.2% Fibonacci retracement at $3,364, followed by a sharp rejection. This aligns with the upper channel resistance and a bearish confluence from previous supply zones. Price has failed to break above the dynamic EMA cluster and is showing signs of exhaustion after a relief rally. If momentum follows through, this could mark the beginning of a deeper selloff targeting major downside levels. Short Setup Entry: Around $3,349–$3,364 (rejection zone) SL: Above $3,379 🚨Strong bearish engulfing candle confirms seller pressure 🎯 Take Profit Targets (Fibonacci): TP1: $3,305 (38.2%) TP2: $3,275 (61.8%) TP3: $3,241 (Full move – 100% Fibonacci extension) This setup offers high risk-reward if the rejection holds and price breaks below the mid-zone structure at $3,330. A drop below $3,305 could accelerate the move as liquidity gets swept.
OANDA:XAUUSDShort
by VisionaryInsights
How to seize the key turning points in the gold market?The market is ever-changing, and following the trend is the best strategy. When the trend emerges, jump in; don't buy against it, or you'll suffer. Remember not to act on impulse when trading. The market is a haven for all kinds of resistance, so don't hold onto positions. I'm sure many people have experienced this: the more you hold onto positions, the more panic you become, leading to ever-increasing losses, poor sleep, and missed opportunities. If you share these concerns, why not try following Tian Haoyang's lead and see if it can open your eyes? I'm always here for you if you need help, but how can I help you if you don't even offer a hand? Gold did not fall below 3280 during the day on Friday and started to fluctuate in the range of 3280-3300. The non-farm payroll data was bullish, and it directly broke through the pressure of 3315, and then broke through the important pressure of 3335 again. As of now, it has reached a high near 3355. The non-farm payroll data market has almost been exhausted. Next, we will focus on the technical form adjustment. At present, you can consider light shorting in the area near 3355-3370. After all, chasing long is risky, and the technical side needs to be adjusted. If your current operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with me. Based on the 4-hour chart, short-term resistance is near 3355-3365, with a focus on the key resistance level of 3370-3375. Short-term buy orders should be taken if a rebound continues. I'll provide detailed trading strategies at the bottom of the page, so stay tuned. Gold operation strategy: Short gold in batches when gold rebounds to 3355-3370, with the target being the area around 3340-3335. Continue to hold if it breaks through.
OANDA:XAUUSDShort
by Trade-Daniel
Gold is significantly bullish, where can we short?The positive non-farm payroll report pushed the market from 3300 directly above 3330, demonstrating overall bullish momentum. Congratulations again, everyone. Real-time strategies are like a beacon guiding your investment journey. The market will never disappoint those who persevere and explore wisely. Charlie advises against blindly chasing highs. Trading advice (first hit is valid): Focus on key support levels: 3300 and 3310. Go long if these levels are reached. ~For those who want to go short above 3350-55, only use a stop-loss and feel free to try~ PEPPERSTONE:XAUUSD FXOPEN:XAUUSD ACTIVTRADES:GOLD FXOPEN:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD VELOCITY:GOLD
OANDA:XAUUSD
by Charlie_Senior_Analyst
How to maintain stable operations before NFP dataYesterday, gold closed the month with a long upper shadow doji candlestick, indicating strong upward pressure, with monthly resistance at 3439-3451. Today marks the beginning of the month, and with the release of numerous data indicators such as NFP, unemployment benefits, and PMI, there is considerable uncertainty, so intraday trading should proceed with caution. Judging from the daily chart, the current MACD indicator is dead cross with large volume, and the smart indicator is running oversold, indicating a low-level fluctuation trend during the day. At present, we need to pay attention to the SMA60 moving average and the daily middle track corresponding to 3327-3337 on the upper side, and pay attention to the intraday low around 3280 on the lower side. The lows of the previous two days at 3275-3268 cannot be ignored. There is a possibility that the low-level oscillation will touch the previous low again. From the 4H chart, technical indicators are currently flat, with no significant short-term fluctuations expected. Low-level volatility is expected to persist within the day. Then just focus on the support near 3275 below and the middle track pressure near 3307 above. Looking at the hourly chart, gold is currently oscillating below the mid-range band, with resistance at 3295-3307 to watch in the short term. Overall, the market is expected to remain volatile before the release of today's data. Based on Wednesday's ADP data, this round of data is also expected to be around $100,000. The contrast between ADP and NFP last time deserves our caution. The current market is basically optimistic about the short-selling situation, which is exactly what I am most worried about. If the gold price can stabilize above 3,300 before the NY data, the possibility of NFP data being bullish cannot be ruled out. Intraday European trading suggestion: if the current gold price falls back to 3285-3280 and stabilizes, you can consider short-term long positions, with the target at 3295-3305. If the gold price tests the low of 3275-3268 again and does not break through, you can consider a second chance to go long. After making a profit of $10-20, you can consider exiting the market with profits. The market is volatile and unstable, so be sure to bring SL with you and pay close attention to the impact of the NFP data. Conservative investors can enter the market after the data is released.
OANDA:XAUUSDLong
by HuntingWolves
XAUUSD Intraday Technical Analysis – Bullish Breakout SetupGold (XAUUSD) is showing signs of bullish recovery after a sharp sell-off, with current price action around 3305.86 USD hinting at a potential breakout on the 1-hour timeframe. - Technical Overview Price structure: After a steep decline, gold formed a base near the 3284–3299 zone and is now climbing back, with a potential inverse head-and-shoulders formation taking shape. EMA cluster: Price is approaching the confluence of the EMA 50, EMA 100, and EMA 200, currently acting as dynamic resistance around 3309–3323. A break above these levels may confirm bullish strength. Fibonacci retracement: The bounce appears from the 0.874 extension, indicating the end of the previous bearish leg. Volume analysis: Increasing bullish volume supports the idea of a potential breakout. - Key Levels to Watch Zone Type Price Level (USD) Remarks Immediate Resistance: 3,309 – 3,323 - Major test zone; overlaps with EMA 50/100 Major Resistance : 3,337 – 3,340 - Previous high; if broken confirms bullish continuation Support Zone: 3,299 – 3,302 - Intraday support turned demand zone Critical Support: 3,284 – 3,285 - Recent swing low; invalidates bullish view if broken - Intraday Strategy Suggestion Scenario 1 – Bullish Breakout Entry: Buy on breakout and retest of 3,309–3,323 SL: Below 3,299 TP1: 3,337 TP2: 3,355 - Confirmation by strong bullish candle closing above EMA cluster and above resistance zone. Scenario 2 – Buy on Pullback Entry: Buy limit at 3,300–3,302 SL: Below 3,284 TP1: 3,323 TP2: 3,337 - Look for RSI divergence or bullish engulfing candle at support for higher conviction. - Final Note The bulls are attempting to reclaim momentum after a major correction. If gold can sustain above the 3,309 resistance and hold the 3,300 base, a short-term bullish reversal could materialize.
FX:XAUUSD
by Henrybillion
2
The rebound is weak, short orders intervene#XAUUSD After two consecutive trading days of volatility, gold finally began to fall under pressure near 3335. After breaking through the 3300 mark, the price of gold accelerated its decline, reaching a low of around 3268, and yesterday's daily line closed with a large negative line. 📊 Today's rebound is more likely to be based on the buffering performance of the impact of news. The ATR data also shows that the bullish momentum is slowly weakening in the short term. 🐻After digesting the impact of yesterday's news through rebound during the day, it may fall again in the future.📉 📎The primary focus today is 3305 above, which was also the high point of yesterday's pullback correction. If the gold price rebounds to 3305-3320 and encounters resistance and pressure,📉 you can consider shorting and look towards 3290-3270.🎯 If the short-term gold rebound momentum is strong and breaks through the 3305-3320 resistance area, it will be necessary to stop loss in time. Gold may be expected to touch yesterday's high resistance of 3330-3335, which is the second point to consider shorting during the day.💡 🚀 SELL 3305-3320 🚀 TP 3290-3270
OANDA:XAUUSDShort
by Halson_Winston
2
How to correctly grasp the gold trading opportunities?Yesterday, gold prices saw a technical rally amidst volatile trading, followed by a downward trend under pressure. Bulls strongly supported a rebound at 3280 in the Asian session. The European session saw an accelerated upward move, breaking through 3314 before retreating under pressure. We also precisely positioned short positions below 3315, achieving a perfect target of 3290-3295. During the US session, the market again faced pressure at 3311, weakening in a volatile trend before breaking through 3300. The daily chart ultimately closed with a medium-sized bullish candlestick pattern, followed by a pullback and then a decline. Overall, after yesterday's rebound, gold prices remain under pressure at the key resistance level of 3314. The short-term bearish weakness line has moved down to this level. If pressure continues in this area in the short term, gold will maintain a weak and volatile structure, with intraday trading remaining focused on rebounds and upward moves. If you are currently experiencing confusion or unsatisfactory trading strategies, please feel free to discuss your options and help avoid investment pitfalls. From a 4-hour analysis perspective, focus on resistance at 3305-3315 on the upside. A rebound to this level is a good opportunity to short against resistance. Focus on support at 3280-3270 on the downside. Unless the price stabilizes strongly, consider not entering long positions below this level. The overall strategy remains to short on rebounds, with the same rhythm. I will provide timely notifications of specific levels from the bottom, so keep an eye on them. Gold Trading Strategy: Short on rebounds near 3305-3315, with targets at 3290-3280-3270.
OANDA:XAUUSDShort
by Trade-Daniel
GOLD REMAINS UNDER PRESSURE AFTER U.S. INFLATION DATA📊 Market Overview: Gold is trading around $3294, down from $3311 earlier after U.S. Core PCE and Employment Cost Index came in as expected — reinforcing the Fed's hawkish stance. A stronger dollar and rising Treasury yields continue to weigh on gold. 📉 Technical Analysis: • Key resistance: $3302 – $3305 • Nearest support: $3285 – $3275 • EMA09 (H1): Price is below the 9-period EMA → short-term trend remains bearish • Candlestick / volume / momentum: After the sharp drop, price is consolidating between $3293–$3298 with low volume. Failure to break above $3302 may trigger further downside. RSI near 45 suggests room for more selling. 📌 Outlook: Gold may continue to decline in the short term if it fails to reclaim $3302 and the dollar remains strong through the Asian and European sessions. 💡 Suggested Trade Setup: 🔻 SELL XAU/USD: $3296 – $3298 🎯 TP: $3280 / $3275 ❌ SL: $3305 🔺 BUY XAU/USD: $3275 – $3278 (if reversal candle appears) 🎯 TP: $3295 ❌ SL: $3270
OANDA:XAUUSDShort
by Mian-FXSignals
2
Gold price analysis July 31XAUUSD – Bearish pressure still prevails, watch for SELL in the direction of the trend Yesterday's session witnessed a strong decline when the D1 candle closed with selling pressure up to 60 prices, forming a key candle that shapes the trend. When the market forms a main candle, the 25% and 50% candle body areas are often important price areas to continue trading in the direction of the main trend. In the current context, the priority strategy will be to sell in the direction of the downtrend when the price rebounds to the resistance areas and there is a rejection signal. 🔹 Important resistance areas: 3301 – 3312 – 3333 🔸 Target support areas: 3285 – 3270 – 3250 🎯 Trading strategy: Prioritize SELLing at the resistance area of 3301–3312 when there is a price reaction (rejection). Target: 3250 BUY only considered when 3313 area is broken decisively. Staying disciplined and sticking to the reaction price zone will be key in the context of the market moving in a clear trend.
OANDA:XAUUSD
by TVS-Trader
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
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 May Rise Technically after Testing the $3,300 Zone📊 Market Overview: Spot gold is trading around $3,295–$3,301/oz, influenced by slightly lower U.S. Treasury yields and a softer dollar tone. Analyst consensus from Reuters projects gold likely to stay above $3,220/oz through 2025 and possibly hit $3,400 in 2026 amid continued safe-haven demand 📉 Technical Analysis: • Key resistance: $3,320 / $3,345 • Closest support: $3,274 – $3,280 • EMA09: Price is currently below the 9 period EMA on H1, indicating a short-term bearish bias. • Candlestick / volume / momentum: There was a minor bounce from the support zone around $3,274, but volume remains low. RSI isn't oversold, suggesting room for technical pullback. 📌 Outlook: Gold may experience a technical rebound if it holds above $3,280. A breakout above $3,320 would likely require clear catalyst—such as weak U.S. data or a dovish Fed tone. 💡 Suggested Trading Strategy: SELL XAU/USD: $3,320 – $3,323 🎯 TP: 40/80/200 pips ❌ SL: $3,326 BUY XAU/USD: $3,279 – $3,282 🎯 TP: 40/80/200 pips ❌ SL: $3376
OANDA:XAUUSDLong
by Mian-FXSignals
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
Gold non-farm payroll layout strategy 💡Message Strategy Gold 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 of 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 driving the dollar was 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 that inflation is persistent. The U.S. July non-farm payroll report, due on Friday, is seen as a key indicator for assessing economic resilience and the outlook for interest rates. It is expected that employment will increase by 110,000 and the unemployment rate will rise slightly to 4.2%. 📊Technical aspects From the current technical perspective: 1: The technical pattern suggests a weak rebound and weak continuation. 2: The weak sideways trend is expected to trigger a third phase of bottoming out, stimulated by data. To summarize: Technically, based on the data, the pattern suggests a downward trend, driven by negative data, leading to a bottoming-out and rebound. Therefore, caution must be exercised against this type of bottoming-out and rebound after the data has been released. 💰Strategy Package Strategy: Fall first, then rise Short Position:3310-3315,SL:3325,Target: 3245-3250 Long Position:3240-3250，SL:3220，Target: 3300-3320
TVC:GOLD
by TheodoreSilas
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
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