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Gold Maintains Bullish Momentum – Eyes $3,400📊 Market Summary: Gold surged past the $3,385 resistance to reach a new high at $3,390, driven by weaker-than-expected ISM Services PMI data. The U.S. dollar softened and Treasury yields dipped, fueling the rally. However, after hitting the peak, some profit-taking emerged, causing gold to pull back slightly and currently trade around $3,383. ________________________________________ 📉 Technical Analysis: • Key Resistance: $3,390–$3,395 – short-term local high. If this zone breaks, the next target is $3,400+. • Nearest Support: $3,380, followed by the previous breakout level at $3,365, both likely to act as support during any pullback. • EMA 09 (Daily): Price remains above the 9-day EMA, confirming the continuation of the short-term uptrend. • Momentum / Volume / Candlestick: RSI is holding above 60 – bullish. However, a long upper wick near $3,390 suggests short-term selling pressure or hesitation. ________________________________________ 📌 Outlook: Gold is showing bullish momentum, with the uptrend confirmed after breaking above $3,385. If price holds above $3,380, there's a strong possibility of testing the $3,400 level. However, a failure to sustain above this zone could lead to a retest of $3,365. ________________________________________ 💡 Suggested Trade Strategy: 🔺 BUY XAU/USD : $3,380–$3,383 🎯 TP: 40/80/200 pips ❌ SL: $3,377
OANDA:XAUUSDLong
by Mian-FXSignals
4
Gold Consolidates at High Levels. Waiting for a New Trend?Gold barely held the 3360 level on Wednesday and will remain in the 3360-3380 consolidation range outlined by Quaid. Quaid considers Thursday to be a more important day. From a timing perspective, today may impact whether gold can continue its upward trend. However, it is possible that the market could continue its consolidation today. One thing is that the daily line must close above 3360, then the subsequent rise in gold will continue. On the contrary, if it closes below 3360, then the rise will definitely not be able to continue in the short term. In the short term, gold may remain above 3370 today. We can see that 3375-3370 is an important support, but the daily line has not yet stabilized above 3380, so the upward space has not yet been opened. If the daily chart can stabilize above 3380, then a test of 3400-3410 is in the cards. Trading strategy: Buy between 3365-3370, stop loss at 3355, profit range 3380-3390-3400.
FX:XAUUSDLong
by quaid_2
Bullish Momentum Builds: Gold Set to Challenge 3400 and BeyondAlthough gold encountered resistance again near 3385 in the short term, the retracement has not been effectively continued so far, and the downward momentum is not particularly strong. Gold has always remained above the 3375-3365 area, with strong buying support below and the market bearish sentiment is not serious. In comparison, the bulls still have a considerable advantage! The current gold price structure clearly maintains a strong bullish trend. With gold reclaiming the 3375-3365 area yesterday, bullish sentiment has further strengthened. As gold's center of gravity shifts upward, multiple strong support areas have formed below, limiting any potential pullbacks and further supporting its upward trajectory. Therefore, as long as gold can maintain above the 3375-3365 area, I believe that gold will definitely refresh the short-term high of 3390 again, and is expected to launch a strong impact on the 3400 mark, and may even continue to the 3420-3430 area. So for short-term trading, I don’t have much desire to short gold for the time being. I am happy to watch for opportunities to enter long positions after gold retreats to the 3375-3365 area!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold is under pressure. Can the upward trend continue?On Thursday, gold rose rapidly in the European session, reaching around 3397, but failed to successfully break through the 3400 integer mark; it currently fell back slightly and fluctuated around 3375. Judging from the 4-hour chart, the price is currently running close to the middle track of the Bollinger band; since the market opened this week, the gold price has continued to run above the middle track of the Bollinger band. Despite the slight decline, it has remained within the upward trend channel and has continuously set new highs. The current upward pressure position remains at 3390-3400, and the key support level is around 3370, which is also the crossover position of the current MA5, 10, and 20 moving averages. The RSI indicator remains above its midline, indicating that bullish momentum remains. Quaid believes that as long as the price remains above 3370 in the US session, any pullback will be a sign of accumulating upward momentum. Gold still has the trend of hitting the 3400 integer mark. Trading strategy: Go long near 3370, stop loss at 3360, profit range 3380-3390-3400. Short near 3400, stop loss at 3410, profit range 3375-3365-3355.
FX:XAUUSDLong
by quaid_2
1
XAU/USD 07 August 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase. Remainder of analysis and bias remains the same as analysis dated 23 April 2025. Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold May Pull Back Ahead of Fed Decision📊 Market Dynamics: Spot gold is trading around $3,376.69/oz, down approximately 0.1%, as the US dollar strengthens and investors await Federal Reserve appointments, with continued rate-cut expectations for September 📉 Technical Analysis • Key Resistance: ~$3,400 (analysts expect a test around this level) • Nearest Support: ~$3,370 (near current trading range) • EMA 09 (assumed): Price below EMA 09 → suggests short term bearish or consolidating momentum. • Candlestick / Volume / Momentum: Mild selling pressure as USD gains, creating short term resistance for gold. 📌 Outlook: Gold may experience a mild pullback or trade sideways in the short term if the dollar remains firm and no new catalysts strengthen rate cut expectations. 💡 Suggested Trading Strategy: SELL XAU/USD : ~$3,395–3,398 o TP: 40/80/200 PIPS o SL: ~$3,401 BUY XAU/USD : ~$3,365–3,370 o TP: 40/80/200 PIPS o SL: ~$3,360
OANDA:XAUUSDLong
by Mian-FXSignals
Analysis of subsequent gold price trends!Market News: In early Asian trading on Thursday (August 7), spot gold prices fluctuated within a narrow range, currently trading around the 3,370 mark. International gold prices retreated slightly from a two-week high, primarily due to profit-taking by some investors, but the overall pullback was mild, indicating that bullish sentiment remained strong. The market is focused on US President Trump's upcoming announcement of his Federal Reserve nominee, a development that could profoundly impact the future path of interest rates and have a medium- to long-term impact on gold prices. Currently, while London gold prices have retreated slightly due to technical adjustments, the overall bullish structure remains intact. At the macro level, factors such as the slowdown in US service sector expansion, a cooling job market, rising business costs, and tariff uncertainty are compounding the market's heightened vigilance against stagflation and policy miscalculations. Furthermore, attention will be focused on changes in US initial jobless claims, the Bank of England's interest rate decision, and speeches by Federal Reserve officials. Technical Analysis: Gold prices fluctuated back and forth throughout the day. The US dollar index is declining significantly, suggesting a buy signal on the daily and weekly charts for gold. The 10/7-day moving averages are forming a golden cross and rising, the RSI indicator remains above the central axis, and the price is trading within the upper middle Bollinger Band. The Bollinger Bands on the four-hour chart are opening upwards, the moving averages are consolidating around the 70 mark, and the RSI indicator is trading above the central axis. With the US dollar's sharp decline and weakening, the key strategy for gold trading remains to buy at low prices. Don't chase highs when bullish on gold; wait for a pullback to buy. Don't speculate on the top of the rally; trade wherever the price can reach. Technically, gold has seen four consecutive days of gains on the daily chart, demonstrating strong trend strength. The upside is near the upper Bollinger Band of 3430. This price may be tested this week. A significant rally is not yet evident until the daily Bollinger Bands open up. Whether a significant rally will break through the previous high is not a matter of speculation; trade accordingly. Focus on two support levels within the short-term cycle: 3358 and 3350. After the Asian and European sessions conclude, consider placing effective buy orders based on actual conditions. We anticipate the upward trend will continue during the US session. Trading Strategy: Short-term gold buy at 3365-3368, stop loss at 3356, target at 3380-3400; Short-term gold sell at 3387-3390, stop loss at 3398, target at 3360-3370; Key Points: First Support Level: 3365, Second Support Level: 3358, Third Support Level: 3343 First Resistance Level: 3390, Second Resistance Level: 3408, Third Resistance Level: 3420
OANDA:XAUUSDLong
by NicolaZhu
Gold May Correct Short-TermMarket Overview: • Gold trading around $3,366–3,371 USD/oz, easing from two-week highs. • Pressure from firmer US yields and USD recovery. • Weak US jobs data boosted Fed rate cut expectations to ~90%. • Still supported by global economic/political uncertainties and safe haven demand. Technical Analysis: • Resistance: ~$3,385–3,390, near psychological $3,400. • Support: ~$3,345–3,350; break could target ~$3,310. • Trading above EMA50, EMA9 direction still bullish short-term. • RSI and MACD momentum fading; July monthly candle formed bearish “shooting star” near $3,431—invalidated only if price closes above that level. Outlook Gold may dip if USD and yields recover; but may rally if macro data deteriorate further. The $3,385–3,390 zone is pivotal. Trading Strategy: • Sell 3,392–3,395 TP ~40/80/200 pips SL ~3,397 • Buy 3,345–3,348 TP ~40/80/200 pips SL ~3,342
OANDA:XAUUSDLong
by Mian-FXSignals
Prices are suppressed. Will they rise amidst volatility?Information Summary: Trump's upcoming appointment of Federal Reserve officials has the market on the sidelines, leading to a pullback in gold prices, but bullish sentiment remains. Quaid believes that most investors are closely watching the White House's upcoming Federal Reserve appointments and any trade-related news, which could have a significant impact on market sentiment. Furthermore, market expectations for a September rate cut are high. After last week's weak jobs report, investors are pricing in an 87% chance of a September rate cut, according to the CME FedWatch tool. Following the release of the report, Trump fired the director of the Bureau of Labor Statistics, further exacerbating policy uncertainty. As a traditional safe-haven asset, gold generally performs better in environments with increased political and economic uncertainty and low interest rates. Market Analysis: Gold prices retreated slightly on Wednesday, but Quaid believes there is still room for further gains, with a short-term target of 3,400. Supporting factors include: continued tariff friction; slowing economic growth and inflation concerns; and a weak US dollar. Looking at the hourly chart, the Fibonacci 0.382 position is right around 3380. Moreover, the top of the trend line of gold's bottoming rebound is also at this position, so if the pressure of 3380 cannot be broken through, we need to be alert to the possibility of a pullback. Next, keep an eye on 3360. If gold can't break through 3380, it may consolidate between 3360 and 3380. If bears continue to push down the price below 3360, a test of 3340 is possible.
FX:XAUUSD
by quaid_2
1
Gold retreats. Is it gathering upward momentum? The 4-hour chart shows a clear market trend. On Tuesday, gold reached a high near 3390, and it's now firmly above the 4-hour trendline. The retracement reached a low near 3350, essentially completing the correction. Therefore, today's upward trend is likely to continue, aiming for new highs. The current resistance level is around 3400-3410. From the 1-hour chart, key support lies between 3370-3360. Quaid believes that today's price must not fall below 3360. If it falls back below 3360, it's likely to retest the low of 3350. However, as long as it remains above support, gold will remain in an upward trend. Upward resistance lies around 3400-3410. Trading strategy: Go long near 3360, stop loss at 3345, profit range 3380-3400. Short near 3390, stop loss at 3410, profit range 3380-3370-3360.
FX:XAUUSDLong
by quaid_2
Gold Slightly Pulls Back – Awaiting Fed & Dollar Direction📊 Market Drivers: Spot gold slipped ~0.1% to $3,376/oz, pressured by a firmer USD and caution ahead of Trump’s Fed chair and governor appointments 📉 Technical Analysis • Key resistance levels: o $3,390: previous session high – near-term ceiling o $3,410: weekly high – stronger upside barrier o $3,435: medium-term resistance – break above confirms strong bullish continuation • Nearest support levels: o $3,365: current Asian session low o $3,345: strong support zone – EMA50 on H4 chart o $3,305: last week's low – breakdown here may trigger deeper pullback • EMA: Price remains above EMA09 and EMA50, suggesting a short-term bullish bias, though momentum is slowing. • Candlestick / Volume / Momentum: Low volume in Asian session; H1 candles show indecision (doji with long wicks), signaling a tug-of-war between buyers and sellers. 📌 Outlook: Gold may consolidate or dip slightly short-term unless it decisively breaks above $3,395 to confirm a new bullish leg. ________________________________________ 💡 Suggested Trading Strategy: SELL XAU/USD: ~3,392– 3,395 🎯 TP: 40/80/200 pips ❌ SL: ~3,398 BUY XAU/USD : ~3,366 - 3363 🎯 TP: 40/80/200 pips ❌ SL: ~3,360
OANDA:XAUUSDLong
by Mian-FXSignals
Gold is strong. Is a round number nearing its high?Information Summary: On Tuesday, Trump made a splash. He announced four nominees for the next Federal Reserve Chair, removing Treasury Secretary Bensont from the list. He also announced tariffs on semiconductors and pharmaceuticals next week, warned of increasing tariffs on Indian goods "within the next 24 hours," and threatened to impose a 35% tariff on the EU if it failed to fulfill its obligations. As a result, gold rose nearly $30 from its intraday low of $3,350, briefly breaking above $3,380. Market Analysis: Gold has been trending upwards since the start of the week, with four consecutive daily gains, indicating a gradual buildup of bullish momentum. Judging from the 1-hour moving average indicator, the MA5 and 10 moving averages are currently turning downward, while the 20 and 30 moving averages are moving flat, which indicates that the overall short-term market trend is waiting for a price correction. Quaid believes investors should wait for the price correction to complete before entering a long position. The key short-term trend is Tuesday's low of 3350. If gold prices hold above this level, we should maintain a positive outlook in the short term. The first resistance level above is near Tuesday’s high of 3390; the second focus is on the 3400 integer mark. Trading strategy: Short around 3395, stop loss at 3405, profit range 3370-3350 Long around 3350-3360, stop loss at 3340, profit range 3370-3390.
FX:XAUUSD
by quaid_2
Gold continues its upward trend. A strong week ahead?Gold's technical outlook on the daily chart maintains a bullish structure, with prices trading within the upper middle Bollinger Bands. The 7-day and 10-day moving averages have formed a golden cross, and the RSI indicator is trading above its mid-axis. The short-term 1-hour chart shows prices trading within the upper middle Bollinger Bands, with the moving averages forming a golden cross and the RSI indicator pointing upwards. Quaid believes that the trading strategy for Wednesday remains unchanged, with the main focus on low-level long positions during pullbacks, supplemented by high-level short positions. Gold initially fell before rising on Tuesday, breaking through the intraday high and touching the 3390 level. It closed with a doji with upper and lower shadows. The current bullish trend remains intact, with the moving averages in a bullish formation. However, the 4-hour chart is approaching the acceleration line, creating downward pressure. This suggests a short-term bullish risk zone, and it is advisable to avoid buying at high levels. The hourly chart showed a sideways trend, closing below the upper line. While it hasn't broken below the moving average, the indicator has turned. Therefore, based on the overall market trend today, Quaid believes there's a high probability of further upward movement after a correction. Trading Strategy: Long at 3355-3360, stop loss at 3345, profit range 3380-3400; Short at 3390-3395, stop loss at 3405, profit range 3360-3350; Key Points: First Support Level: 3370, Second Support Level: 3360, Third Support Level: 3350 First Resistance Level: 3390, Second Resistance Level: 3400, Third Resistance Level: 3410
FX:XAUUSDLong
by quaid_2
Gold has bottomed out and rebounded. Where will the high point bGold has currently hit a low near 3350, rebounding from the bottom and now rising to around 3390. Looking at the 1-hour chart: The most critical upward level is currently around 3390. If the price breaks through this level and stabilizes above it, the late July high of 3430 could be revisited. Conversely, if it remains below 3390, the overall range will remain between 3350 and 3390. Secondly, looking at the 4-hour chart, we can see that the trend line resistance level is also currently around 3390. If the price stabilizes above 3390, the upper 4-hour chart could directly reach the 3400-3410 range. If the price holds above 3410 again, the next target would be around 3450.
FX:XAUUSD
by quaid_2
Gold Breaks Support – Risk of Pullback Toward $3,310📊 Market Summary: Gold prices initially rose on weaker-than-expected U.S. jobs data, which lowered Treasury yields and weakened the U.S. dollar. However, after breaking the key support at $3,365, gold continued to decline toward $3,354, and briefly touched $3,352, signaling rising technical selling pressure. Despite a 92% market expectation for a Fed rate cut in September, the technical breach increases the risk of a deeper correction. 📉 Technical Analysis: • Key Resistance: Around $3,365–$3,370 – this zone now acts as short-term resistance; stronger resistance lies at $3,375–$3,380 if prices recover. • Nearest Support: The $3,365 level was broken. New support is seen at $3,352–$3,350; a continued drop may bring prices to $3,335, and possibly toward $3,310–$3,300. • EMA 09: Price is now below the 9-day EMA, suggesting a short-term bearish trend. • Momentum / Volume / Candlestick: RSI is near 50, slightly bearish; volume is tapering on the downside, indicating distribution. Early signs of a head-and-shoulders (H&S) pattern are developing. 📌 Outlook: Gold may continue declining in the short term if it stays below the $3,350–$3,352 zone. A further drop toward the $3,335 – $3,310 region is possible. If price rebounds and closes above $3,365, the bearish momentum could be neutralized. 💡 Suggested Trade Strategy: 🔻 SELL XAU/USD : $3,355–$3,358 🎯 TP: 40/80/200 pips ❌ SL: ~$3,361 🔺 BUY XAU/USD : $3,305–$3,302 (if price pulls back deeper) 🎯 TP: 40/80/200 pips ❌ SL: ~$3,299
OANDA:XAUUSDShort
by Mian-FXSignals
XAU/USD 05 August 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase. Remainder of analysis and bias remains the same as analysis dated 23 April 2025. Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Extends Gains as USD Weakens📊 Market Overview: Gold prices are extending their gains during the Asian and European sessions today, as the US dollar weakens following weaker-than-expected US jobs data. Rising unemployment and a softer Non-Farm Payroll report boosted expectations that the Fed may cut interest rates in September. The US 10-year Treasury yield also dipped slightly, supporting gold's safe-haven appeal. 📉 Technical Analysis: • Key Resistance: $3,385 – $3,390 • Nearest Support: $3,365 – $3,370 • EMA: Price is trading above the EMA 09, indicating a short-term bullish trend • Candles / Volume / Momentum: H1 candles show steady buying pressure with stable volume, but we should monitor potential profit-taking if price nears the $3,390–$3,400 zone. 📌 Outlook: Gold may continue to rise in the short term if USD weakness persists and bond yields stay low. However, failure to break above $3,390 could lead to a pullback toward support levels. 💡 Suggested Trading Strategy: 🔺 BUY XAU/USD: $3,365 – $3,368 🎯 TP: 40/80/200 pips ❌ SL: $3,362 🔻 SELL XAU/USD : $3,392 – $3,395 (if reversal signal appears) 🎯 TP: 40/80/200 pips ❌ SL: $3,398
OANDA:XAUUSDLong
by Mian-FXSignals
Gold prices have retreated slightly. Is there an opportunity to From the daily chart: Gold prices haven't held above 3380, so the primary resistance level remains around 3385. Currently, the daily moving average support is far from the high, with support below 3340-3360. While the daily trend remains bullish, the risk of a pullback and subsequent upward movement cannot be ruled out. From the 1-hour chart, Quaid believes the price cannot fall below 3365. 3365 marked the opening high on Monday. Common sense suggests that if gold remains above 3365, it may remain at a high level for a short-term consolidation. Thus, today's focus is on the key level of 3365. If the price doesn't fall below this level, consider going long at this level, waiting for a profit after another rally to the resistance range, and then shorting within the key resistance range.
FX:XAUUSD
by quaid_2
Gold is fluctuating at a high level. Latest analysis.On Monday, gold surged to around 3370 in the morning before retreating slightly. It fell back to support near $3345 in the European session. The dividing line between bulls and bears lies below 3340, which also marks the support level and the top-bottom reversal before the close of last Friday's non-farm payroll report. Quaid planned to go long near 3340 on Monday, but the price rebounded to 3345, halting its decline and then fluctuating sideways, preventing an entry opportunity. However, a short opportunity near 3385 was successfully implemented with a slight pullback. Although it did not reach the expected target, a small profit was achieved after the pullback to 3370. Monday showed an overall upward trend, with the closing price fluctuating at a high level, reaching a high around 3385 before retracing to confirm 3370. The overall market trend remains upward, with a temporary potential for a move to around $3400. Quaid recommends a buy-on-low strategy today. Currently, the 1-hour moving average is trending flat, and the trend of prices continuing to fluctuate at high levels cannot be ruled out. Support for Tuesday's pullback lies near 3370. The key to a renewed rally lies at 3360, also the level of resistance before Monday's US market opening. As long as this level remains intact, the overall strategy remains unchanged. Alternatively, watch for a re-break of 3385, with upside targets at 3385-3390-3400. Strategy: Long at 3360-3365, stop-loss at 3355, profit range at 3380-3400; Short at 3395-3400, stop-loss at 3410, profit range at 3370-3350; Key Points: First Support Level: 3370, Second Support Level: 3360, Third Support Level: 3350 First Resistance Level: 3385, Second Resistance Level: 3395, Third Resistance Level: 3405.
FX:XAUUSD
by quaid_2
XAU/USD(20250805) Today's AnalysisMarket News: Goldman Sachs: We expect the Federal Reserve to cut interest rates by 25 basis points three times starting in September; if the unemployment rate rises further, a 50 basis point cut is possible. Technical Analysis: Today's Buy/Sell Levels: 3367 Support and Resistance Levels: 3407 3392 3383 3352 3342 3328 Trading Strategy: If the stock breaks above 3383, consider buying, with the first target price at 3392. If the stock breaks below 3367, consider selling, with the first target price at 3352.
OANDA:XAUUSDLong
by NicolaZhu
Gold Breaks Resistance – May Target $3400 Next📊 Market Overview: • Gold continues to rally in early U.S. session as September rate cut expectations by the Fed rise due to weak jobs data. • U.S. Dollar weakens and 10Y Treasury yield falls, supporting gold. • Risk-off flows and long-term inflation concerns push safe-haven demand for gold. 📉 Technical Analysis: • Key Resistance: $3,390–$3,400 (short-term breakout zone) • Nearest Support: $3,365–$3,370 • EMA: Price is trading above EMA09 and EMA50, confirming bullish momentum • Candles / Volume / Momentum: Consecutive bullish H1 & H4 candles above $3,375 confirm breakout. Volume increasing, suggesting strong buying pressure. 📌 Outlook: Gold may continue rising toward $3,400 if current bullish momentum holds. However, short-term pullback or profit-taking near $3,395–$3,400 is possible after a rapid $50+ rally. 💡 Suggested Trade Setups: 🔺 BUY XAU/USD : $3,375–$3,378 (pullback buy) 🎯 TP: $3,395–$3,400 ❌ SL: $3,372 🔻 SELL XAU/USD: $3,397–$3,400 (countertrend short) 🎯 TP: $3,375–$3,380 ❌ SL: $3,403
OANDA:XAUUSDLong
by Mian-FXSignals