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Gold (XAU/USD) Technical Analysis – July 3, 2025The chart of gold (XAU/USD) on the 15-minute timeframe shows that the price is moving within a corrective range after a strong bullish wave during which gold reached levels above $3,368 per ounce. Following a rejection from the resistance area near 3,365–3,368, the price began a downward correction and is currently stabilizing around the support zone at 3,344–3,343. The price is now testing a key support area. If it holds above this zone, we may see a rebound toward the 3,363 and 3,365 resistance levels. A breakout above 3,368 could restore bullish momentum and open the way for new highs. However, if the current support at 3,343 breaks, the bearish scenario would be favored, with potential targets at the next support levels around 3,336 and 3,329. Likely Scenario: As long as gold holds above 3,343, the bullish bias remains valid. We will monitor price action at this area to confirm a possible rebound. Key Levels to Watch: Support: 3,343 – 3,336 – 3,329 Resistance: 3,363 – 3,365 – 3,368 This is a short-term analysis and depends on the price reaction at the current support zone.
OANDA:XAUUSDLong
by AmirMIssa
1
Gold May Find Support From These Various FactorsGold May Find Support Amid Concerns Over U.S. Debt Sustainability, Economic Weakness, and Renewed Geopolitical Tensions Gold prices are holding steady today, near $1,353 per ounce in spot trading, in what is expected to be a low-liquidity session due to the early closure of U.S. markets. This follows three consecutive days of gains. The yellow metal’s subdued movement comes as markets await key labor market data that may offer further insight into the health of the U.S. economy, especially after the recent shock from ADP figures. Gold continues to find support from several underlying factors that could sustain its upward trend this week. These include rising uncertainty around the long-term sustainability of U.S. public finances and the risk of renewed conflict in the Middle East. Concerns over U.S. fiscal stability have intensified following the introduction of the “One Big Beautiful Bill Act,” which combines tax cuts with spending reductions. In an opinion article for The New York Times , former Treasury Secretaries Robert Rubin and Lawrence Summers warn of the bill’s potentially severe consequences, including persistently high interest rates, reduced business confidence, falling investment, and the risk of a financial shock that markets may struggle to absorb. This could also leave the economy more vulnerable to economic and geopolitical threats. Such risks may erode investor confidence in U.S. government debt, potentially boosting gold’s appeal as a safe-haven asset even in an environment of elevated bond yields and prolonged high interest rates. On the geopolitical front, the specter of renewed escalation in the Middle East looms, and this time, the consequences could be more severe. Amid conflicting reports and statements regarding the extent of the damage to Iran’s nuclear facilities, both sides appear to be preparing for the possibility of renewed hostilities. Diplomatic efforts remain stalled, and hardline voices continue to call for a return to conflict. In an opinion piece for The New York Times, former National Security Advisor John Bolton described negotiations with Iran as ineffective and dangerous, calling instead for regime change and the use of force. While previous rounds of conflict have not caused lasting damage to the global economy or energy supply chains, a new round may prove more disruptive. According to Reuters , Iran has reportedly loaded naval mines onto vessels, raising fears that it may attempt to close the Strait of Hormuz. Such a move would cross a critical threshold and turning a contained conflict into one with global economic implications. The Strait of Hormuz handles over one-fifth of the world’s crude oil and liquefied natural gas exports. However, Iran may avoid this step as long as its own oil exports continue flowing through the strait, as was the case during the last conflict in June. On the trade front, there is growing optimism about the potential for new agreements that could ease tensions that have disrupted global supply chains and threatened U.S. and global economic growth. This optimism follows President Trump’s announcement of a trade deal with Vietnam. There is also hope that progress can be made with China. Recent reciprocal steps, that involve the easing of restrictions on rare earth exports by China and some relaxation of U.S. technology export controls, suggest that the de-escalation agreed upon earlier in Switzerland could hold, potentially laying the groundwork for a broader trade agreement. Samer Hasn
COMEX:GC1!
by SamerHa
7.3 Pay attention to non-agricultural data7.3 Pay attention to non-agricultural data Yesterday, the gold market fluctuated and rose, achieving three consecutive days of gains. This was mainly due to the unexpectedly weak US ADP employment data, which was like throwing a boulder into a calm lake, stirring up ripples in the market's expectations of an early interest rate cut by the Federal Reserve. In June, the number of private jobs in the United States decreased by 33,000, far from the market's expectation of an increase of 95,000. Job losses in many industries were significant, and the uncertainty in the job market was shrouded in a dark cloud. Affected by this, the market has increased its efforts to cut interest rates by the Federal Reserve, with the possibility of a rate cut in July rising to 23%, and the possibility of a 25 basis point rate cut in September as high as 92.5%. Now the market focus has quickly shifted to the non-agricultural employment report on Thursday (released in advance due to the Independence Day holiday). If the number of non-agricultural jobs is less than 150,000, it may strengthen expectations for a rate cut in September, and the rising expectations of a rate cut will boost international gold prices; if it is higher than 180,000, it may trigger panic among hawks. At present, the gold price has re-standing above the long-short watershed of 3300, indicating that the current market bulls have begun to take advantage again. The overall trend is still in a wide range of fluctuations. The upper resistance is around 3360. If it effectively breaks through this position, the resistance will be adjusted to around 3495. The lower support is around 3328. If it effectively falls below this position, the support will be adjusted to around 3300. Thank you for your attention. I hope my analysis can help you.
OANDA:XAUUSD
by EmilyShared256111
GOLD Will Move Higher! Long! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 3,347.97. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,408.78 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:XAUUSDLong
by SignalProvider
1
Gold Squeeze Incoming – Triangle Break Looming on XAUUSDGold is coiling tightly within a symmetrical triangle on the 5-minute chart, pressing against key support around 3,352. Price action is compressing between a rising trendline and descending resistance — indicating an imminent breakout. ⸻ 📍 Key Levels: • Support: 3,352-3,350 zone – defending so far. • Resistance: 3,360-3,366 area – repeated rejection above. ⸻ 🔎 What I’m Watching: ✅ Break below the rising trendline could trigger a quick drop toward 3,340 and possibly 3,333. ✅ Break above the descending trendline may fuel a rally back toward 3,366-3,370. 🕒 Timing matters: volume is building as price nears the apex — be ready for a spike in volatility. ⸻ 📌 Plan: • Wait for a clear 5M candle close outside the triangle for confirmation. • Set alerts at 3,349 and 3,362 to catch the breakout early. • Manage risk tightly – false breakouts are common in squeeze patterns. ⸻ 💬 How are you trading this setup? Drop your thoughts below ⬇️ and let’s discuss!
PEPPERSTONE:XAUUSDShort
by AutoMarkets
DeGRAM | GOLD retest of the resistance line📊 Technical Analysis ● Price holds above the broken blue resistance line, now acting as support near 3 347, while an inner up-sloper is guiding a stair of higher lows inside the new grey channel. ● The confluence of channel mid-line and 3 355 swing high is the gate; its clearance activates an equal-width objective at 3 380, with the outer rail / former consolidation lid at 3 425 next. 💡 Fundamental Analysis ● Easing US ISM-services prices trimmed real 2-yr yields and the dollar, while latest WGC data show June net central-bank purchases rising for a third month, reviving dip-buying in gold. ✨ Summary Long 3 345–3 355; hold above 3 355 targets 3 380 → 3 425. Invalidate on an H1 close below 3 320. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDLong
by DeGRAM
4
Today's bearish target for gold prices: 3300Today's bearish target for gold prices: 3300 Technical analysis: Short-term support: $3330-3320 (5-day and 10-day moving averages), Short-term resistance: $3360-3374 (61.8% retracement). If it falls below $3330, it may fall to the $3306-3320 range; If it breaks through $3374, it may challenge the previous high of $3450. The daily chart shows that gold prices are fluctuating at high levels, and the MACD red column has expanded, but the RSI (60-65) shows a good bullish momentum. 2. Main influencing factors Federal Reserve policy and non-agricultural data: The market focuses on the US non-agricultural employment data for June released tonight (July 3) (expected to increase by 106,000, and the previous value was an increase of 139,000). If the data is weak (for example, the unemployment rate rises to 4.3%), it may strengthen the expectation of a rate cut in September, which is good for gold; On the contrary, if the data is strong, the price of gold may fall back. The unexpected contraction of the ADP employment data in June (a decrease of 33,000 jobs) has pushed up the expectation of a rate cut in advance. Geopolitics and safe-haven demand: If the situation in the Middle East (such as the Iranian nuclear issue) escalates, it may push up the price of gold, but the recent ceasefire agreement between Israel and Iran has weakened the short-term safe-haven support. The continued purchase of gold by central banks around the world (net purchase of 289 tons in the second quarter of 2025) constitutes long-term support. The US dollar and interest rates: The US dollar index has weakened recently, but if the Fed postpones the rate cut (the probability of a rate cut in September is currently 75%), it may suppress the price of gold. 3. My views and market forecasts: In the short term, the price of gold will fluctuate, and the trend depends on the non-agricultural data. If the data is weak, the price of gold may rise to $3370-3400; If the data is strong, the price of gold may fall back below $3300. I think the possibility of a fall is high. In the short term, I prefer the strategy and trading ideas of shorting at high prices below 3360-3370. Suggestions: Short-term trading: Pay attention to the breakthrough opportunities after the release of non-agricultural data. You can go long at the support level (3330-3320 US dollars) and try to go short at the resistance level (3360-3374 US dollars). Flexibly adjust the strategy.
OANDA:XAUUSD
by louisa111222
Elliott Wave Analysis – XAUUSD, March 7, 2025🌀 Elliott Wave Structure On the H1 chart, wave 3 appears to have completed, and price is now entering a phase with an unusual structural behavior. Wave 3 previously showed strong momentum, moving steeply and continuously, with no clear internal pullbacks – a classic impulse wave. Following this, we observed a corrective abc pattern in black, suggesting the end of wave 3. Interestingly, although yesterday's ADP report was extremely bullish, gold only managed a mild breakout above the wave 3 high before pulling back this morning. Notably, the upward move followed a 3-wave abc structure in green, and price action is now showing overlapping waves with no clear directional momentum. 🧩 These signs suggest a high probability that: 🔹 Wave 5 is forming as an Ending Diagonal – a 5-wave structure with a 3-3-3-3-3 pattern. 🔹 This is typically seen at the end of a bullish cycle and often precedes a sharp reversal. Although it's too early to confirm, we should patiently observe the upcoming price action. If the ending diagonal completes, it may present a strong sell opportunity. 🎯 Target for wave 5: around 3395, provided all 5 sub-waves within the diagonal complete. ⚠️ If price breaks below 3324, we must consider that the full 5-wave structure is already done, and a new abc corrective phase may have begun. 🔍 Momentum Analysis Daily (D1): Momentum is about to turn bearish from overbought territory → suggests a weakening uptrend. H4: Momentum is turning upward → likely a mild rally or sideways movement today before H4 reaches overbought again. 📌 Trading Plan Given the current wave behavior and overlapping structure, it is best to remain patient and wait for confirmation before taking a strong position. If the Ending Diagonal structure is confirmed, it could signal a major reversal. SELL Zone: 3392 – 3395 Stop Loss: 3403 Take Profits: • TP1: 3368 • TP2: 3340 • TP3: 3324
OANDA:XAUUSDLong
by WavePoint_FX
Gold on upswing as expectedAs discussed throughout my yesterday's session commentary: "My position: Since #3,337.80 was neckline for upside Bull structure, I was aware if it gets invalidated to the downside, it will open doors for #3,327.80 extension (which held twice throughout late U.S. and Asian session). I don't expect much Selling action today however Bulls need another Fundamental push to invalidate wall of Resistances at #3,340's and #3,350's. I will continue Scalping as opportunity arise / no Swing orders." I have expected Gold to test upside extension where I Bought (Scalp of course) #3,342.80 twice towards #3,348.80 and re-Sold #3,357.80 - #3,362.80 belt many times (excellent returns). I will await area to be engulfed and only then make my move. As I am getting many Fundamental inquiries lately: Gold's current almost #2-Year perma-Bull outlook is driven by more than Fundamentals - rising Global debt, Central bank Buying (especially by China), and general declining trust in fiat currencies all play key roles in Gold's perma-Bull stance. It's considered undervalued by some part of my analysis when adjusted for Inflation and Money supply expansion (like #M2 growth). Gold acts as a Long-term hedge against currency devaluation and systemic Risk, especially during Global conflicts or financial crises. Mining costs are also on the rise while new discoveries are declining, which supports Higher future Prices. With ongoing de-Dollarization and interest in Gold-backed digital assets, the Long-term future of Gold looks structurally strong. My position: Gold is Trading within #3,350's belt which represents crossroads for the Short-term. Either #3,362.80 - #3,368.80 break-out to the upside towards #3,377.80 strong Resistance, or #3,342.80 - #3,352.80 break-out to the downside towards #3,327.80 Support. Current Price-action is ideal for Scalping since I don't expect major movement until tomorrow's NFP numbers.
OANDA:XAUUSD
by goldenBear88
2
Gold on upswing as expectedAs discussed throughout my yesterday's session commentary: "My position: Since #3,337.80 was neckline for upside Bull structure, I was aware if it gets invalidated to the downside, it will open doors for #3,327.80 extension (which held twice throughout late U.S. and Asian session). I don't expect much Selling action today however Bulls need another Fundamental push to invalidate wall of Resistances at #3,340's and #3,350's. I will continue Scalping as opportunity arise / no Swing orders." I have expected Gold to test upside extension where I Bought (Scalp of course) #3,342.80 twice towards #3,348.80 and re-Sold #3,357.80 - #3,362.80 belt many times (excellent returns). I will await area to be engulfed and only then make my move. As I am getting many Fundamental inquiries lately: Gold's current almost #2-Year perma-Bull outlook is driven by more than Fundamentals - rising Global debt, Central bank Buying (especially by China), and general declining trust in fiat currencies all play key roles in Gold's perma-Bull stance. It's considered undervalued by some part of my analysis when adjusted for Inflation and Money supply expansion (like #M2 growth). Gold acts as a Long-term hedge against currency devaluation and systemic Risk, especially during Global conflicts or financial crises. Mining costs are also on the rise while new discoveries are declining, which supports Higher future Prices. With ongoing de-Dollarization and interest in Gold-backed digital assets, the Long-term future of Gold looks structurally strong. My position: Gold is Trading within #3,350's belt which represents crossroads for the Short-term. Either #3,362.80 - #3,368.80 break-out to the upside towards #3,377.80 strong Resistance, or #3,342.80 - #3,352.80 break-out to the downside towards #3,327.80 Support. Current Price-action is ideal for Scalping since I don't expect major movement until tomorrow's NFP numbers.
TVC:GOLD
by goldenBear88
XAUUSD:A long trading strategy The highest gold price in the Asian session reached 3365.4, which is already our mid-line target range. If you have completed and left the market, congratulations, because I personally set the TP point of 3368, so it did not touch, the trend of the past two days is appropriate rewithdrawal after strengthening, the high is also gradually rising, the overall long trend has not changed. For today's data, the probability will make gold prices continue to rise, trading ideas or to do the main. Trading Strategy: BUY@3347-51 TP:3365-70 This TP range is also the target range of the median trader, for friends who do not have automatic stop profit, you can take a profit manually at that time. More detailed strategies and trading will be notified here ↗↗↗ Keep updated, come to "get" ↗↗↗
OANDA:XAUUSDLong
by Boooob_
Non-agricultural week gold long and short game！From the 4-hour trend of gold, the key position of 3300 is the core basis for judging the short-term trend. The current 4-hour watershed is in the 3300 area. The gains and losses of this position will determine the direction of the short-term trend. Before it breaks through effectively, the short-term pressure judgment is maintained; if it breaks through, it is necessary to turn to the daily resistance level. The MACD indicator crosses and the short-term momentum column continues to increase, indicating that the price has further downward momentum. The price of the 4-hour cycle runs along the downward channel. Although the MACD indicator forms a cross below the zero axis, the short-term energy column shows a shrinking trend. There is a technical oversold rebound demand in the short term.
FOREXCOM:XAUUSDLong
by DonaldJohnson
2