Tuesday, July 22, 2025
Here’s my analysis of XAUUSD based on current market conditions:
1. Medium-Term Outlook:
XAUUSD is trading within a range defined by falling and rising trendlines (yellow dashed lines on the chart).
2. Short-Term (1-4 Hour Timeframe):
The price is forming a rising wedge, which is typically a bearish pattern.
3. Fibonacci Levels:
Visible on the shorter timeframe (right side of the chart).
4. Market Driver:
Recent bullish price action appears driven by a "flight to safety" amid uncertainty surrounding tariffs.
What’s Next?
The price could either test the upper boundary of the wedge or break lower. Given positive economic fundamentals from the US, a break below the wedge’s lower trendline seems more likely in the coming days.
Key Levels to Watch:
Resistance:
3405
3420
3435–3440
Support:
3345
3320–3319
3280
My Take:
With higher timeframe indicators signaling overbought conditions and fundamentals supporting a potential correction, the path of least resistance may be towards 3300 or lower.
However, ongoing fears related to tariffs and geopolitical tensions could lead to unexpected moves.
Trading Reminder:
Forex trading is about probabilities, not certainties. Always use stop-loss orders to manage risk, as we could see significant volatility this week.
Trade safely and stay disciplined!
Here’s my analysis of XAUUSD based on current market conditions:
1. Medium-Term Outlook:
XAUUSD is trading within a range defined by falling and rising trendlines (yellow dashed lines on the chart).
2. Short-Term (1-4 Hour Timeframe):
The price is forming a rising wedge, which is typically a bearish pattern.
3. Fibonacci Levels:
Visible on the shorter timeframe (right side of the chart).
4. Market Driver:
Recent bullish price action appears driven by a "flight to safety" amid uncertainty surrounding tariffs.
What’s Next?
The price could either test the upper boundary of the wedge or break lower. Given positive economic fundamentals from the US, a break below the wedge’s lower trendline seems more likely in the coming days.
Key Levels to Watch:
Resistance:
3405
3420
3435–3440
Support:
3345
3320–3319
3280
My Take:
With higher timeframe indicators signaling overbought conditions and fundamentals supporting a potential correction, the path of least resistance may be towards 3300 or lower.
However, ongoing fears related to tariffs and geopolitical tensions could lead to unexpected moves.
Trading Reminder:
Forex trading is about probabilities, not certainties. Always use stop-loss orders to manage risk, as we could see significant volatility this week.
Trade safely and stay disciplined!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.