WTI remains supported on Russia sanctions threatIt is worth keeping an eye on the energy markets, given the recent bounce from a key support area around $65.00. With WTI moving back above the 200-day average at $68.00, this is an additional bullish sign from a technical standpoint. This level is now the first support to watch, followed by $67.00 and then that $65.00 key level.
Resistance comes in at $70.00 followed by $72.80.
From a macro point of view, President Trump’s decision to bring forward the deadline for Russia to agree to a ceasefire has ever so slightly heightened the prospect of secondary sanctions being imposed on foreign purchasers of Russian crude — namely China, India, and Turkey. There is a risk we could see a spike in oil prices, if fears of Russian supply being curtailed, intensifies. At the same time, fears about demand have receded with the announcement of a few trade deals by the US and recent economic data from Europe and the US both showing mild strength.
By Fawad Razaqzada, market analyst with FOREX.com.
Futures market
Gold remains below trend line ahead of FOMCAhead of today's US GDP and FOMC policy decision, gold was trading little-changed. The metal has breached its 2025 bullish trendline, which was positioned in the $3,330–$3,350 area. This breakdown shifts the technical outlook to mildly bearish, although further downside confirmation is needed through the loss of additional support levels to solidify bearish control.
From a bullish standpoint, the metal must reclaim and hold above the broken trendline to reignite upward momentum. However, the longer it remains below the $3,330–$3,350 zone, the greater the likelihood of a short-term correction—particularly if the immediate support at $3,300 fails. A break below this level would expose the June low at $3,247 as the next significant support.
By Fawad Razaqzada, market analyst with FOREX.com
On the upside, resistance is now stacked at $3,350, $3,385, and $3,430
XAUUSD BUY AND SELL LEVELSGold (XAUUSD) is currently showing key movement potential as it reacts to major levels. We are watching closely for price action near important support and resistance zones to identify the next trade setup.
📌 Stay alert for possible retracements or breakouts. Both buying and selling opportunities may arise depending on market reaction.
Trade with confirmation and always manage risk wisely.
Gold Breakdown Hints at Continued Bearish MomentumThe XAUUSD chart on the 4-hour timeframe reflects a bearish sentiment, as the price has broken below a key trendline and is now trading under the Ichimoku cloud. Multiple rejections from the same resistance area suggest strong selling pressure. The structure shows a consistent pattern of lower highs, indicating weakening bullish momentum. After breaking key support, the price made a retest of the broken zone and failed to reclaim it, confirming bearish continuation. The highlighted resistance area has proven to be a significant supply zone. As long as the price stays below this zone, the bearish outlook remains intact, and a downward move is likely in the coming sessions.
Entry Sell: 3342
Target point: 3248
Stop Loss : 3362
If you found this analysis helpful, don’t forget to drop a like and comment . Your support keeps quality ideas flowing—let’s grow and win together! 💪📈
GOLD Range-Bound Before Fed – Breakout Above 3349 Unlocks 3374GOLD | Bullish Momentum Builds Ahead of Fed Decision – Key Range Between 3349 and 3312
Fundamental Insight:
Gold is slightly higher as the U.S. dollar weakens ahead of the Fed’s rate decision. Markets await signals on future policy, which could drive sharp moves in gold.
Technical Outlook:
Gold remains bullish while above 3320, with upside potential toward 3349.
A 1H close above 3349 confirms breakout momentum, opening the path toward 3374, and potentially 3401.
A break below 3320, especially below 3312, would invalidate the bullish setup and trigger downside toward 3285, then 3256.
Currently range-bound between 3349 and 3312 — watch for breakout confirmation to determine the next trend direction.
Key Levels:
• Support: 3320 – 3285 – 3256
• Resistance: 3349, 3374 – 3401
Bias: Bullish above 3320
📍 Watch Fed volatility – breakout expected soon
XAUUSD: July 30th Market Analysis and StrategyGold Technical Analysis:
Daily Chart Resistance: 3351, Support: 3300
4-Hour Chart Resistance: 3340, Support: 3310
1-Hour Chart Resistance: 3334, Support: 3315.
Trading risk will increase today. We will focus on the Federal Reserve's interest rate decision and the ADP employment data, which are expected to increase market liquidity. If trading, please avoid news releases.
On the daily chart: Bollinger Bands are moving horizontally, with gold prices trading above the lower band. The MACD indicator has formed a downward death cross, indicating a release of bearish momentum. The RSI indicator has fallen back into the overbought range of 50-40, indicating a clear bottoming out and rebound in gold prices.
On the 4-Hour Chart: Bollinger Bands are narrowing, with gold prices trading near the middle band. The MACD indicator is beginning to turn upward, and the RSI is showing an oversold rebound. Gold prices are poised for an upward rebound! The NY market is focusing on the $3351 resistance level above and the $3308 support level below.
SELL: 3351near
BUY: 3315near
Gold (XAU/USD) 1H Chart AnalysisGold (XAU/USD) 1H Chart Analysis
**Current Trend:** Consolidation within a range
**Price:** \$3,335–\$3,336
**Indicators:**
* EMA 7: \$3,336.92
* EMA 21: \$3,339.36
* Price trading slightly below both EMAs – **short-term bearish pressure**
---
### 🔍 **Key Levels**
* **Resistance Zone:** \$3,344–\$3,348
* **Support Zone:** \$3,324–\$3,328
---
### 📊 **Trade Scenarios**
#### **Bullish Breakout Scenario**
* **Confirmation:** Clean breakout and candle close above **\$3,348**
* **Buy Entry:** Above \$3,348
* **Targets:**
* TP1: \$3,360
* TP2: \$3,372+
* **Invalidation:** Price falls back below \$3,344 after breakout (fakeout risk)
#### **Bearish Breakdown Scenario**
* **Confirmation:** Break and close below **\$3,324**
* **Sell Entry:** Below \$3,324
* **Targets:**
* TP1: \$3,312
* TP2: \$3,296
* **Invalidation:** Reclaim above \$3,328
---
### ⚖️ **Bias**
Neutral to Bearish until a clear breakout occurs. Monitor volume and candle strength near the support/resistance zones for trade confirmation.
XAUUSD potential for a further decline? Fundamental perspective:
Gold hovered near $3,330, staying close to a three-week low as easing trade tensions dampened safe-haven demand. The US–EU tariff agreement and signs of progress in other trade talks have calmed fears of broader conflict, reducing gold’s geopolitical bid.
The focus now turns to the Fed’s policy decision. While interest rates are expected to remain unchanged, markets will scrutinize Powell’s remarks for any dovish signals ahead of September. Mixed US data, including softer job openings but an uptick in US consumer confidence, adds to the uncertainty, keeping gold traders on edge.
Technical Perspective:
XAUUSD hovers between the 3200-3350 range following a bearish breakout of the ascending trend line and channel. An extension of its decline below the 3350 resistance and breakout zone could prompt a retest of the support at 3200, which coincides with the Fibonacci confluence area. Conversely, a break above 3350 with bullish momentum and higher swings shown on the lower timeframes could pave the way for further gains toward the swing high at 3450.
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
GOLD: Next Move Is Down! Short!
My dear friends,
Today we will analyse GOLD together☺️
The market is at an inflection zone and price has now reached an area around 3,328.24 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 3,318.05..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
Excellent re-Sell opportunities from #3,332.80 ResistanceAs discussed throughout my yesterday's session commentary: "My position: I will continue re-Sells starting with #3,332.80 Resistance and my continuation will be re-Sell every High's on Gold unless Gold closes the market above #3,352.80 benchmark."
Firstly I have Sold Gold on #3,321.80 with my set of Selling orders and in addition I have added Sells at #3,318.80 / closing all on #3,312.80 / first line of wall of Supports ahead of #3,300.80 benchmark. Then I have planned to re-Sell strong on #3,332.80 with Double Lot and closed my order on #3,322.80 (#3,332.80 - #3,322.80) which delivered excellent results. I am making spectacular Profits from my key reversal zones.
Technical analysis: Gold is Trading within my predicted values however both sides are equally probable at the moment. Needless to mention, Price-action is on important Short-term crossroads. Since #3,300.80 psychological benchmark isn't invalidated even with DX on extended relief rally, now Bullish reversal is possible towards #3,342.80 first Resistance, then #3,352.80 mark Trading above the fractal. Also #3,320.80 - #3,332.80 Neutral Rectangle Trading is possible until I have a break-out.
My position: My break-out points on both sides are calculated and ready to be used for more Profits.
Excellent re-Sell opportunities from #3,332.80 ResistanceAs discussed throughout my yesterday's session commentary: "My position: I will continue re-Sells starting with #3,332.80 Resistance and my continuation will be re-Sell every High's on Gold unless Gold closes the market above #3,352.80 benchmark."
Firstly I have Sold Gold on #3,321.80 with my set of Selling orders and in addition I have added Sells at #3,318.80 / closing all on #3,312.80 / first line of wall of Supports ahead of #3,300.80 benchmark. Then I have planned to re-Sell strong on #3,332.80 with Double Lot and closed my order on #3,322.80 (#3,332.80 - #3,322.80) which delivered excellent results. I am making spectacular Profits from my key reversal zones.
Technical analysis: Gold is Trading within my predicted values however both sides are equally probable at the moment. Needless to mention, Price-action is on important Short-term crossroads. Since #3,300.80 psychological benchmark isn't invalidated even with DX on extended relief rally, now Bullish reversal is possible towards #3,342.80 first Resistance, then #3,352.80 mark Trading above the fractal. Also #3,320.80 - #3,332.80 Neutral Rectangle Trading is possible until I have a break-out.
My position: My break-out points on both sides are calculated and ready to be used for more Profits.
WTI OIL The federal funds rate is the interest rate at which U.S. banks and credit unions lend their excess reserve balances to other banks overnight, usually on an uncollateralized basis. This rate is set as a target range by the Federal Open Market Committee (FOMC), which is the policymaking arm of the Federal Reserve. The current target range as of July 2025 is approximately 4.25% to 4.5%.
The federal funds rate is a key benchmark that influences broader interest rates across the economy, including loans, credit cards, and mortgages. When the Fed changes this rate, it indirectly affects borrowing costs for consumers and businesses. For example, increasing the rate makes borrowing more expensive and tends to slow down economic activity to control inflation, while lowering the rate stimulates growth by making credit cheaper.
The Fed adjusts this rate based on economic conditions aiming to maintain stable prices and maximum employment. It is a vital tool of U.S. monetary policy, impacting economic growth, inflation, and financial markets.
In summary:
It is the overnight lending rate between banks for reserve balances.
It is set as a target range by the Federal Reserve's FOMC.
It influences many other interest rates in the economy.
Current range (July 2025) is about 4.25% to 4.5%.
1. ADP Non-Farm Employment Change (Forecast: +82K, Previous: -33K)
Above Forecast:
If ADP employment is much stronger than expected, the Fed would see this as a sign of ongoing labor market resilience. Robust job growth would support consumer spending, potentially keep wage pressures elevated, and could make the Fed less likely to ease policy soon. This reinforces the case for holding rates steady or staying data-dependent on further cuts.
Below Forecast or Negative:
If ADP jobs gain falls short or is negative again, the Fed may interpret it as a weakening labor market, raising recession risk and reducing inflationary wage pressures. This outcome could increase the chances of a future rate cut or prompt a more dovish tone, provided it aligns with other softening indicators.
2. Advance GDP q/q (Forecast: +2.4%, Previous: -0.5%)
Above Forecast:
A GDP print above 2.4% signals surprisingly strong economic growth and likely sustains the Fed’s view that the U.S. economy is avoiding recession. The Fed may delay rate cuts or take a more cautious approach, as stronger growth can support higher inflation or at least reduce the urgency for support.
Below Forecast or Negative:
Weak GDP—especially if close to zero or negative—would signal that the economy remains at risk of stagnation or recession. The Fed may then pivot to a more dovish stance, become more willing to cut rates, or accelerate discussions on easing to avoid a downturn.
3. Advance GDP Price Index q/q (Forecast: 2.3%, Previous: 3.8%)
Above Forecast:
A significantly higher-than-expected GDP Price Index (an inflation measure) points to persistent or resurgent inflationary pressures in the economy. The Fed might see this as a reason to delay cuts or maintain restrictive rates for longer.
Below Forecast:
If the Price Index prints well below 2.3%, it suggests that inflation is cooling faster than anticipated. This outcome could allow the Fed to move toward easing policy if other conditions warrant, as price stability is more clearly in hand.
Bottom Line Table: Data Surprises and Likely Fed Reaction
Data Surprise Fed Outlook/Action
All above forecast Hawkish bias, rate cuts delayed or on hold
All below forecast Dovish bias, higher chances of rate cut
Mixed Data-dependent, further confirmation needed
Summary:
The Fed’s interpretation hinges on how these figures compare to forecasts and to each other. Stronger growth, jobs, and inflation = less rush to cut; weaker numbers = lower rates sooner. If growth or jobs are especially weak or inflation falls sharply, expect more dovish Fed commentary and a greater likelihood of future easing. Conversely, if the data all surprise to the upside, hawkish (rate-hold) messaging is likely to persist.
The U.S. Dollar Index (DXY) is a financial benchmark that measures the value of the United States dollar relative to a basket of six major foreign currencies. It provides a weighted average reflecting the dollar's strength or weakness against these currencies. The DXY is widely used by traders, investors, and economists to gauge the overall performance and health of the U.S. dollar on the global stage.
Key Features of the DXY:
Currencies included and their weights:
Euro (EUR) – 57.6%
Japanese Yen (JPY) – 13.6%
British Pound (GBP) – 11.9%
Canadian Dollar (CAD) – 9.1%
Swedish Krona (SEK) – 4.2%
Swiss Franc (CHF) – 3.6%
It was established in 1973 after the collapse of the Bretton Woods system to serve as a dynamic measure of the dollar's value.
The index reflects changes in the exchange rates of theses versus the U.S. dollar, with a higher DXY indicating a stronger dollar.
The DXY influences global trade dynamics, commodity prices (like oil and gold)
#SHAVYFXHUB #USOIL #WTI #OIL
Accumulation pattern awaiting breakout confirmationIntraday Outlook: Accumulation pattern awaiting breakout confirmation
On the 1H timeframe, XAUUSD is forming a clear consolidation pattern within a narrow ascending channel after falling from a prior distribution zone. Buyers are attempting to regain control, but strong resistance remains around the 3,339 – 3,347 USD area.
1. Technical Breakdown:
Trendline & Channel: Price is currently moving inside a small rising channel, indicating a short-term bullish bias, though momentum remains limited.
EMA Dynamics: EMA 20, 50, and 100 are beginning to converge, signaling a potential breakout. A bullish EMA crossover (EMA20 > EMA50) could confirm stronger upward momentum.
Disputed Area: This zone represents heavy indecision between bulls and bears. A clear breakout above or below is needed for directional clarity.
Fibonacci Level: The 0.874 retracement level from the recent low shows strong buyer interest, potentially forming a short-term bottom.
2. Key Support & Resistance Levels:
3,339.2 USD Major resistance – needs to be broken for bullish continuation
3,347.4 USD Next resistance if breakout occurs
3,328.2 USD Immediate support (current price zone)
3,326.7 USD Strong support if price retraces
3. Suggested Trading Strategies:
Scenario 1 – Breakout Buy Strategy:
Entry: Buy if price breaks and closes above 3,339.2 USD on the 1H chart.
Stop Loss: Below 3,328 USD.
Take Profit: First target at 3,347, extended targets at 3,358 and 3,372 USD.
Scenario 2 – Pullback Long Entry:
If price fails to break resistance, consider buying the dip near the 3,326 – 3,328 USD support zone for a better risk-reward setup.
Scenario 3 – Breakdown Sell Setup:
If price breaks below 3,326 USD and exits the channel, a bearish move towards 3,295 – 3,300 USD becomes likely.
Gold is in a key consolidation phase, with the 3,339 USD resistance acting as the decisive breakout zone. Traders should closely monitor price action, volume, and EMA behavior to catch the next directional move.
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WTI Crude Oil Daily Chart Analysis (symmetrical triangle)WTI Crude Oil Daily Chart Analysis
**Trend & Structure:**
* The chart displays a **symmetrical triangle** formation, signaling a **potential breakout setup**.
* Price is currently trading around **\$66.78**, gradually rising from its recent consolidation.
* **Higher lows** and **lower highs** indicate a tightening range, which usually precedes a sharp move.
**Support & Resistance:**
* **Support Zone:** Around **\$65.47–\$66.15**, marked by the 50 EMA and prior price reactions.
* **Resistance Levels:**
* **\$68.95** – Short-term resistance and previous peak.
* **\$72.81** – Strong horizontal resistance.
* **\$77.75–\$80.00** – Projected upper trendline zone of triangle.
**Moving Averages (Bullish Setup):**
* EMA 7: **\$66.15**
* EMA 21: **\$66.14**
* EMA 50: **\$65.47**
* All EMAs are aligned in bullish order (7 > 21 > 50), confirming **bullish momentum**.
**Volume Insight:**
* Volume remains relatively steady; a spike in volume with breakout from the triangle would confirm trend continuation.
**Trade Setup Suggestion (based on chart):**
* **Breakout Buy Idea:** If price breaks above **\$68.95–\$70**, potential upside to **\$77–\$80**.
* **Invalidation:** A break below **\$65** would invalidate the bullish structure.
**Conclusion:**
WTI crude oil is trading within a symmetrical triangle, supported by bullish EMAs and tightening price action. A breakout above \$69 could trigger a bullish rally toward \$77–\$80. Keep an eye on volume confirmation and geopolitical headlines that can impact oil fundamentals.