XAUUSD 4H Analysis — July 2, 2025

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🟡 XAUUSD 4H Analysis — July 2, 2025 Gold is showing a potential shift after a strong bounce from the 3,260 area, recovering to ~3,360 before facing resistance. The trend has been bearish for weeks, but recent bullish momentum suggests a corrective rally or early signs of reversal.

🔹 Key Levels:

Support: 3,300 – 3,320 (recent breakout zone)

Resistance: 3,360 – 3,380 (price stalled here)

🔹 Technical Outlook:

A break and close above 3,360 could open the path towards 3,380–3,400.

Failure to hold above 3,300 would signal a continuation of the downtrend towards 3,260 or lower.

🔹 Fundamental Drivers:

Fed rate cut expectations in H2 2025 and geopolitical tensions are supporting gold prices.

A stronger USD on positive US data could reverse recent gains.

📈 Trading Plan:

Bullish scenario: Enter long above 3,360 with targets at 3,380–3,400; stop-loss below 3,320.

Bearish scenario: Enter short below 3,300, targeting 3,260; stop-loss above 3,340.

📌 Bias: Neutral-to-bullish while price holds above 3,300, but watch upcoming US economic data releases for confirmation.

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