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GOLD trades in narrow range after 4 sessions of sharp declineOn Tuesday (July 29), in the Asian market, the spot OANDA:XAUUSD traded in a narrow range after yesterday's sharp decline, and the current gold price is around 3,315 USD/ounce. The OANDA:XAUUSD fell to its lowest level in nearly 3 weeks on Monday, mainly due to the trade agreement reached between the United States and the European Union over the weekend, which boosted the Dollar and risk sentiment. The previous report released by the US Bureau of Labor Statistics showed that the number of US JOLTS jobs unexpectedly increased in May, reaching the highest level since November last year. The number of JOLTS job vacancies in the US in May was 7.769 million, far exceeding the forecast of all economists surveyed. Looking back at the data in April, the number of JOLTS job vacancies also showed an unexpected increase. The JOLTS jobs report is a closely watched labor market data by the Federal Reserve. In addition, the Conference Board of America's Consumer Confidence Index for July is scheduled to be released on the same day and is expected to be 95.8, compared to the previous value of 93.0. The fundamental pressure that gold is under OANDA:XAUUSD came under pressure yesterday and fell to a near three-week low, mainly due to the trade deal between the United States and the European Union (EU) over the weekend, which boosted the Dollar and risk sentiment. Moreover, US President Trump announced “global tariffs” of 15% to 20% on most countries, a change from his previous statement last week. The deal reached by U.S. President Donald Trump and the European Union late last week will impose a 15% tariff on EU goods, half the rate Trump had threatened, easing fears of a wider trade war. The U.S. and Japan also reached a deal last week, and U.S. and Chinese officials resumed talks in Stockholm, Sweden, this week with the goal of extending the tariff deadline by 90 days. Technical Outlook Analysis OANDA:XAUUSD Gold has been on a four-day losing streak, a decline that threatens bullish expectations as its current position gradually deprives it of any room for further upside. Specifically, gold has recovered from the psychological level of $3,300 but the actual recovery is not significant, while it is under pressure from the EMA21 which is currently the closest resistance. On the other hand, gold has fallen below both the long-term and short-term trend channels. If it continues to sell below the 0.382% Fibonacci retracement level, this will confirm a break below the psychological level of $3,300, then the downside target will be around $3,246 in the short term, rather than $3,228. RSI is pointing down, below 50 and still far from the 20-0 area, also showing that in terms of momentum, gold is also under pressure and there is still a lot of room for decline ahead. For gold to be eligible for an increase, it needs to at least bring price activity back above the EMA21, back inside the price channels. On the current daily chart, the technical conditions are more inclined towards the possibility of a decrease. Notable positions will be listed as follows. Support: 3,310 - 3,300 - 3,292 USD Resistance: 3,340 - 3,350 - 3,371 USD SELL XAUUSD PRICE 3355 - 3353⚡️ ↠↠ Stop Loss 3359 →Take Profit 1 3347 ↨ →Take Profit 2 3341 BUY XAUUSD PRICE 3285 - 3287⚡️ ↠↠ Stop Loss 3281 →Take Profit 1 3293 ↨ →Take Profit 2 3299
OANDA:XAUUSDShort
by Xayah_trading
GOLD: Strong Growth Ahead! Long! My dear friends, Today we will analyse GOLD together☺️ The market is at an inflection zone and price has now reached an area around 3,321.22 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 3,329.97.Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
FOREXCOM:XAUUSDLong
by FreeXauusdSignals
XAUUSD: Market Analysis and Strategy for July 29Gold Technical Analysis: Daily chart resistance: 3345, support: 3285 4-hour chart resistance: 3340, support: 3300 1-hour chart resistance: 3330, support: 3308. After last week's sharp decline, gold continued its decline yesterday, breaking below its opening low and continuing its downward trend, reaching a low near 3300. In the short term, selling pressure is strong, but the rebound is weak, with a rebound high of 3330. In terms of intraday trading, yesterday's low of 3301 was followed by a rebound. Focus on the resistance range of 3330-3338. Selling is recommended if the price is trading sideways between 3330-3338, with a defense of 3340. If it falls below 3300, the next target will be 3285. Sell: 3338 Buy: 3302 Sell: 3300
OANDA:XAUUSDShort
by ActuaryJ
EUR/USD | Sweeps Liquidity and Rebounds – Eyes on 1.16700!By analyzing the EURUSD chart on the 4-hour timeframe, we can see that after our previous analysis, the price continued its decline and eventually swept the liquidity below 1.15580. Following that, strong demand kicked in, and the pair is currently trading around 1.15810. If the price can hold above this level, we can expect further bullish movement. The next potential targets are 1.1600, 1.16280, 1.16430, and 1.16700. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
15
XAUUSD – Gold Intraday Technical Analysis (15-Min Chart) - July Current Price: 3,323.93 USD Timeframe: 15 minutes Last update: 17:14 UTC+7 - Trend Overview: The 15-minute chart shows a minor recovery after a sharp drop in gold prices. However, overall pressure remains bearish as price continues to trade below all key EMAs (50–100–200), and the bulls have yet to break through significant resistance above. - Key Technical Zones: Nearby Resistance: 3,331.57 (EMA200): dynamic resistance, repeatedly tested but not broken 3,340 – 3,350: supply zone + 0.618 Fibonacci retracement 3,360 – 3,375: strong resistance zone (purple box), previous major rejection area Nearby Support: 3,321.70 – 3,319.34 (EMA50 – EMA100): also aligns with 0.382 Fibonacci support 3,309 – 3,310: previous low, potential demand zone on deeper pullback - Technical Analysis: EMA & Structure: Price is testing EMA200 (3,331.57) – a key level to watch for confirmation of any trend reversal. However, the larger trend remains bearish as long as this resistance holds. EMA9 and EMA20 have crossed above EMA50, suggesting short-term bullish momentum, though not yet strong enough to confirm a full reversal. Volume Analysis: Recent bullish candles were supported by higher volume, but the current rally is weakening in volume – a sign of fading buying pressure. RSI (not shown but recommended): Watch for RSI break above 60 to signal potential continuation toward higher resistance levels. - Trading Strategies: Scenario 1 – Sell at Resistance (Sell on Rally): Entry zone: around 3,330 – 3,335 Stop loss: above 3,340 Targets: 3,320 → 3,310 Rationale: Price is testing EMA200 and resistance; no confirmed breakout yet Scenario 2 – Short-Term Buy on Dip: Entry zone: 3,319 – 3,321 (EMA50/100 confluence) Stop loss: below 3,308 Targets: 3,330 – 3,335 Rationale: Minor support holding, potential short bounce if price stabilizes - Conclusion: Gold is attempting a short-term rebound, but the broader trend remains bearish unless price breaks above 3,340 – 3,350 resistance. For now, focus on short setups at resistance and scalping small bounces from strong support zones. Follow to receive more daily strategies – and don’t forget to save this if you find it useful. Got a different view on gold today? Let’s discuss it in the comments!
FX:XAUUSD
by Henrybillion
GOLD Slips as Dollar Gains on Trade Deal – Bearish Below 3349 Gold Pares Gains as USD Strengthens on Trade Deal Ahead of Fed Gold gave up early gains, pressured by a stronger U.S. dollar after the announcement of the US–EU trade agreement. Meanwhile, attention shifts to upcoming U.S.–China negotiations later today, as both sides aim to extend the current trade truce and avoid new tariffs. Investors are also closely watching the Federal Reserve’s policy decision on Wednesday, seeking signals on future interest rate moves. TECHNICAL OUTLOOK: Gold maintains a bearish trend while trading below 3349, with potential downside toward 3320. A 1H candle close below 3320 – 3312 would confirm extended bearish pressure targeting 3285, driven in part by ongoing geopolitical risks. ⚠️ To shift back to a bullish structure, the price must stabilize above 3349. Key Levels: • Support: 3320 – 3285 – 3256 • Resistance: 3365 – 3375
OANDA:XAUUSDShort
by SroshMayi
The latest trend analysis and layout of the day,flexible adoptio#XAUUSD ⚠️News focus on the Sino-US trade talks, which may affect the gold trend. Since the opening of the market today, gold has been fluctuating in a narrow range in the short term, without giving a clear trading direction🤔, and the short-term trend has not changed much.📊 🚦It remains constrained by resistance and a downward trend. In the short term, we need to pay attention to the 3300 mark below and the support of 3295-3285📈. On the upside, we should pay attention to the short-term suppression level of 3321-3333 and yesterday's high of 3345-3350.📉 In the short term, as long as it does not break through yesterday's high point, the volatile downward trend will not change. 🐂Once it breaks through, the short-term decline will stop, and the market will continue the bull rebound to test 3370~3380 or even 3400 before falling again. Therefore, short-term trading focuses on the 3300 mark below and the long trading opportunities at 3295-3285. On the upside, defend the 3345-3350 highs and establish short positions.🎯 🚀 BUY 3310-3330 🚀 TP 3321-3333 🚀 BUY 3295-3285 🚀 TP 3310-3330 🚀 SELL 3320-3330 🚀 TP 3310-3300 🚀 SELL 3345-3350 🚀 TP 3330-3285
OANDA:XAUUSDLong
by Halson_Winston
SILVER Will Grow! Buy! Please, check our technical outlook for SILVER. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 3,817.6. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,930.1 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAGUSDLong
by SignalProvider
1
Silver Near $40: Deficits and Demand Fuel the RallySilver prices surged to multi-year highs in July 2025, driven by an extraordinary convergence of bullish factors, pushing prices above $39 per ounce, levels last seen in 2011. Silver’s rally, supported by robust industrial demand and safe-haven inflows, aligns with traditional patterns as the U.S. dollar has weakened over 2.3% over the recent period. Macroeconomic Drivers and the U.S. Dollar Silver's rally is unfolding around shifting macro conditions. The Federal Reserve has kept interest rates at a restrictive 4.25-4.50% throughout 2025 due to persistently high inflation (2.7% YoY). However, expectations for more rate cuts are growing, with the CME FedWatch tool showing a 59.8% probability of a cut at the September meeting as of July 28. Adding to the complexity, U.S. trade policies have triggered significant market volatility and raised concerns over a potential supply shock. The U.S. administration has imposed steep 30% tariffs on imports from Mexico, set to resume on August 1. This has heightened fears, as Mexico is the world’s largest silver producer and supplies over half of U.S. silver imports. But macro drivers aren’t the full story. The real force behind silver’s rally lies in the physical market itself. A structural supply deficit, escalating industrial demand, and growing investor appetite from Asia and North America, are proving to be far more pivotal than shifting rates or a softer dollar. Physical Market Dislocation and Industrial Demand The year 2025 marks the fifth consecutive year of a structural deficit in the global silver market, and the imbalance between supply and demand shows no sign of easing. With minimal new mining capacity expected to come online and lengthy lead times for project development, supply constraints are structural rather than temporary. Since 2021, the cumulative shortfall has reached nearly 800 million ounces (25,000 tons), steadily drawing down available inventories and tightening the market. Industrial demand remains the central pillar of silver’s bull market. Forecasts for 2025 project record consumption of roughly 700 million ounces, driven by rapid adoption in green technologies and digital infrastructure. The electrical and electronics sector, which includes solar photovoltaics (PV), consumer electronics, automotive electronics, power grids, and 5G networks, has increased its silver usage by 51% since 2016. Solar PV alone consumed approximately 197.6 million ounces in 2024, a record largely driven by China’s 45% expansion in solar capacity. With global EV production expected to approach 20 million units in 2025, automotive silver demand alone could exceed 90 million ounces. Together, persistent deficits, accelerating industrial consumption, and capital flowing into physically backed investment vehicles are creating a market where available silver is increasingly scarce, amplifying upside pressure on prices regardless of short-term macroeconomic shifts. COMEX silver inventories peaked at 504.72 million ounces on May 11 but have since eased back to levels last seen on April 24, indicating a recovery in demand following the large accumulation in US inventories post-tariff shock. Positioning and Ratios Favour Gains With net inflows of 95 million ounces in the first half of 2025, silver ETP investment has already surpassed the total for all of last year. By June 30, global silver ETP holdings reached 1.13 billion ounces, just 7% below their highest level since the peak of 1.21 billion ounces in February 2021 Futures positioning has also surged , with long positions up 163% over six months. These factors have helped propel silver prices over 35% higher year-to-date, building on a 21% gain in 2024. The iShares SLV ETF netted inflows of $1,467.5 million over the past 3 months. Physical silver investment demand remains robust, with significant buying from Asian markets. India, the world’s leading silver importer, saw record purchases of physical bullion and silver-backed ETFs during the first six months of 2025. The gold-to-silver ratio, currently in the late 80s, remains historically elevated, suggesting silver remains significantly undervalued compared to gold. This indicates substantial upside potential for silver, especially given persistent market deficits, rising industrial and investment demand, and gold rising at the same time. Hypothetical Trade Set-up The silver market’s bullish fundamentals appear increasingly robust. Investors may consider accumulating silver positions, viewing short-term consolidations as attractive buying opportunities amid the compelling long-term outlook. Options open interest for the September contract shows a bullish bias with a put/call ratio of 0.82 and high call interest at the far out-of-the-money call strike of $45 per ounce. To express a bullish view on silver, investors can deploy a long position in CME Silver futures expiring in September. A hypothetical trade setup for this view is described below. ● Entry: $38.00 per ounce ● Target 1: $40.00 per ounce ● Target 2 (extension): $42.00 per ounce (if Fed easing in September coincides with physical tightness) ● Stop Loss: $36.70 per ounce ● Profit at Target 1: $10,000 ● Profit at Target 2: $20,000 ● Loss at Stop: $6,500 ● Reward-to-risk ratio: 1.54 (Target 1) and 3.08 (Target 2) Alternatively, investors can exercise the same view using CME Micro Silver futures, which offer smaller notional positions and more flexibility. Each Micro contract is priced in USD per ounce and represents 1,000 ounces of silver, compared to 5,000 ounces for the standard contract. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme . DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
COMEX:SI1!Long
by mintdotfinance
DeGRAM | GOLD broke the rising channel📊 Technical Analysis ● XAU printed a false break above the 3 400 wedge roof, then sliced back through the rising mid-channel, closing under the wedge base at 3 309 - a classic bull-trap that flips that band into resistance. ● Momentum has rolled over, and the break of July’s micro up-trend opens room to the broad triangle floor/May trend-pivot near 3 246; successive lower-highs since 24 Jul confirm bearish control. 💡 Fundamental Analysis ● Hot US Q2-GDP and sticky core-PCE lifted 2-yr yields to one-month highs, reviving the dollar bid, while cautious ECB guidance tempers euro gold demand. ✨ Summary Sell 3 309-3 335; hold below 3 309 targets 3 246 ▶ 3 200. Invalidate on an H4 close above 3 366. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
13
XAUUSD under pressure – Is the downtrend just beginning?Hello everyone! What do you think about XAUUSD right now? Yesterday, XAUUSD extended its decline and is currently trading around 3,315 USD. The recent drop in gold prices was mainly triggered by a stronger US dollar, following a trade agreement between the US and the European Union (EU). From a technical perspective, the short-term outlook shows the beginning of a new downtrend. Notably, we see a bearish crossover in the EMA 34 and 89, along with a break of the previous upward trendline—both reinforcing the current bearish momentum. If there’s a pullback before the next leg down, the 0.5–0.618 Fibonacci retracement zone (which also aligns with resistance and the EMAs) will be a key area to watch. This could be an ideal level for potential trade setups. Looking ahead, the next support target is around 3,300 USD. If that level breaks, gold might aim for the 32XX region. Do you think XAUUSD will continue to fall? Drop your thoughts in the comments! Wishing you successful and profitable trades!
OANDA:XAUUSDShort
by Kevinn_Nguyen
26
XAUUSD: Demand Rejection or Breakdown? All Eyes on 3,300 ZoneChart Analysis Breakdown (30m TF – Gold/USD) 1. Market Structure Overview Bearish Trend Dominance: The price has shifted into a bearish structure after a Break of Structure (BOS) to the downside, indicating bearish control after failing to sustain higher highs. Lower Highs & Lower Lows: A consistent formation of LHs and LLs confirms bearish momentum. 2. Key Zones & Reactions 🟩 Demand Zone (~3,300–3,310): Current price is reacting from a clearly defined demand zone. Strong buying wick indicates interest and potential short-term bounce. This zone has historical significance — previous reversal point. 🟥 Supply Zone (~3,420–3,445): Price reversed sharply from here. This is a key liquidity zone; expect heavy resistance if price retraces. 🔵 BOS Areas Marked: Confirmed transitions in structure: Bullish BOS followed by a bearish BOS — great illustration of shift in control. 🟨 Consolidation Blocks: Highlighted ranging periods show distribution/accumulation phases before breakouts. 3. Trendlines & Channel Patterns 📉 Descending Trendline: Acts as dynamic resistance. If price retraces to this level (around 3,330–3,340), expect potential rejection unless broken cleanly. 📈 Previous Bullish Channel (Broken): Price moved out of a bullish ascending channel, confirming bearish intent. 4. Ichimoku Cloud Context Price is below the Kumo cloud, suggesting bearish bias remains intact. Future cloud is bearish. However, short-term pullback into cloud possible (especially if demand zone holds). 📊 Forecast & Trade Idea Scenario 1: Bullish Rejection from Demand Price may bounce towards 3,340 (previous S/R + trendline retest). Watch for reaction at this level. Scenario 2: Clean Break of Demand Zone Opens path toward deeper downside (e.g., 3,280 or even lower). Could trigger liquidity grab before reversal.
OANDA:XAUUSDLong
by AllyPipsExpert
1
GOLD → Retest of trend support. Consolidation...GOLD is consolidating below the previously broken trend support. On Sunday, Trump announced a trade deal with the EU, which is putting pressure on the market along with the rising dollar... Gold rebounded from support at $3310 after a week-long low, interrupting a three-day decline amid profit-taking. However, the overall downtrend remains intact as markets brace for a busy week with the release of US GDP data and the Fed's decision. Optimism surrounding US-China trade talks and the US-EU framework agreement is reducing demand for safe-haven assets. Additional pressure on gold is coming from easing geopolitical tensions: Thailand and Cambodia have agreed to ceasefire talks. The metal's recovery may be short-lived. Technically, we have global and local bullish trends, against which gold is testing support, but as we can see, buyers are trying to hold back the decline due to uncertainty over interest rates. There is a chance that we will see active action by the Fed, behind which lies a rate cut, this week... Resistance levels: 3345, 3375 Support levels: 3320, 3287 At the moment, I do not see a proper reaction to the support breakout. The price is consolidating after confirming the key trigger at 3345. Thus, if the price starts to return to 3345, test and consolidate above the level, we will have a chance for growth. I do not rule out a liquidity grab from 3325 (false breakout) before the rise. BUT! The structure will be broken if the price breaks 3325 - 3320 and begins to consolidate below this zone. In this case, gold may fall to 3287 Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
Downward Pressure Resumes After Channel BreakdownXAUUSD OANDA:XAUUSD – Downward Pressure Resumes After Channel Breakdown: Key Levels and Strategy for Today As of the July 29 session, gold (XAUUSD) remains under short-term bearish pressure, having broken below the descending price channel on the 1H timeframe. The market structure confirms a dominant bearish trend as price continues to trade below the EMAs cluster. 1. Price Action and Market Behavior XAUUSD is forming a clear sequence of lower highs and lower lows, confirming a short-term downtrend. Price is currently hovering around $3,316 after breaking below the lower boundary of the channel, signaling potential continuation of the sell-off. 2. Key Resistance and Support Levels Immediate resistance: 3,337 – 3,346 USD (aligned with EMA20, EMA50 and prior channel resistance). Major resistance: 3,378 – 3,385 USD (confluence of Fibo and former high). Near-term support: 3,300 USD (psychological level). Major support: 3,248 USD (projected target based on measured move from channel height). 3. Technical Indicators EMA20 and EMA50 are both below EMA200, forming a classic “death cross” – a strong bearish signal. Volume increased on the breakdown, reinforcing the strength of bearish momentum. RSI remains below 50, indicating weak bullish retracements and room for further downside. 4. Trading Strategy Primary Strategy: Sell on Rally Ideal entry zone: 3,331 – 3,346 USD. Stop Loss: Above 3,353 USD (above key resistance zone). TP1: 3,300 USD. TP2: 3,248 USD (extended target based on breakout structure). Alternative Strategy: Countertrend Long Only consider buy setups if strong reversal candles and bullish RSI divergence appear near 3,248 USD. XAUUSD continues to face downside risk after the channel breakdown. Unless bulls reclaim the 3,337 – 3,346 zone, price is more likely to drift lower toward 3,300 and potentially 3,248. Traders should remain patient and wait for clean setups around these key zones. Follow for more strategies and remember to save this post if you found it helpful. Let me know if you'd like a short version for the TradingView caption or hashtags suggestion.
FX:XAUUSD
by Henrybillion
1
XAUUSD (GOLD) - SCALPING IDEA🧠 Clean Price Action Outlook – Patience Until the Range Breaks Currently, price is consolidating between 3319.97 (resistance) and 3302.27 (support) a well defined short-term range that’s been respected multiple times. Both levels are holding firmly, with wicks and reactions showing that buyers and sellers are actively defending these zones. Right now, I'm not interested in trading inside this chop zone there's too much noise and no clear directional conviction. My focus is on waiting for price to break cleanly out of the range with confirmation. 📈 Bullish Scenario (Buy Plan): If price breaks and closes above 3319.97 on the 30-minute timeframe, that would be the first sign of bullish strength. Ideally, I want to see: A strong bullish candle close above 3319.97 Follow-through in the next candle (not a fakeout or wick trap) Volume pickup or price holding above the level during retest 📍 If this happens, I’ll look to enter long trades on confirmation, with a potential target around 3325.81, which is the next minor resistance. SL would ideally be placed just below the breakout candle or the breakout zone itself depending on the price structure at the time. 📉 Bearish Scenario (Sell Plan): On the flip side, if price breaks down below 3302.27 and closes below it on the 30-minute chart, that opens the door for shorts. Here’s what I want to see: A full candle body close below the level (not just a wick spike) Possibly a retest + rejection of 3302.27 from below Weak price action around the level confirming sellers are in control If that plays out, I’ll consider short entries with an SL above the structure (around 3304+), and a first target around 3296.00, where there’s minor demand. ⚠️ Until Then – No Trade Zone Until we get a confirmed breakout, I’m staying out. No point guessing which side will win the market will show us.
FOREXCOM:XAUUSD
by fxt8
7.29 Gold 1-hour bottom signal appearsIn the short term, we see the daily line as the range of 3301-3345, and the current price is showing a volatile rebound, so we have to buy on dips. Then 3306-08 is the long point, but the price has risen in the morning, so the long position should be around 3310-12 in advance. If it falls below 3301 during the day, it will continue to test the 3292-3282 line downward. Similarly, if it breaks above 3345 during the day, it will continue to test 3372 upward and show a rebound trend in the next few days.
TVC:GOLDLong
by MichaeliaAly
1
Bullish Sentiment Returns to Gold?Hello everyone, what are your thoughts on XAUUSD? From a technical perspective, XAUUSD has just retested its long-term ascending trendline and formed a bullish reaction candle, suggesting that buying pressure may be returning. Recently, a survey of 206 investors revealed that market sentiment remains optimistic, with 66% expecting gold prices to continue rising, 19% predicting a decline, and 15% anticipating a sideways market. What do you think? Share your opinion in the comments!
OANDA:XAUUSDLong
by Kevinn_Nguyen
15
Gold Under Pressure – Temporary Pullback or Start of a DowntrendHello everyone, great to see you again. Today, let’s focus on the bearish factors surrounding gold. At the time of writing, gold is trading around 3,331 USD, down 50 pips on the day, continuing its downward correction since the end of last week. Within just a few days, gold has plunged from its peak of 3,433 USD—losing nearly 100 USD per ounce. This sharp drop is largely driven by profit-taking and market anticipation ahead of key economic data next week, including U.S. interest rate decisions, inflation, and job reports. This week is packed with critical updates: growth figures, inflation stats, employment numbers, and monetary policy decisions from major central banks—all of which could significantly impact gold’s next move. According to a recent survey, 36% of analysts expect gold to fall further, while retail investors remain optimistic about a rebound. For now, the market is clearly in a correction phase. Caution is advised. What do you think—will gold bounce back or continue to drop?
OANDA:XAUUSDShort
by Kevinn_Nguyen
1
Bearish drop for the Gold?The price is reacting off the pivot and could drop to the 1st support, which is a swing low support that aligns with the 127.2% Fibonacci extension. Pivot: 3,319.63 1st Support: 3,271.54 1st Resistance: 3,345.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets