Lingrid | GOLD Weekly Analysis: Consolidation Within UptrendOANDA:XAUUSD market remain trapped in volatile sideways action within a broad consolidation range, following the recent strong rally. Despite the current noisy price behavior, the underlying longer-term bullish momentum remains intact.
Higher timeframe reveals critical technical levels, with gold testing the resistance zone around after breaking above the upward channel. The triangle pattern breakout suggests potential for higher targets, though the market is currently experiencing a corrective pullback near the $3,300 support level. The presence of multiple resistance tests indicates strong institutional interest at these elevated levels.
The 4H chart provides broader context, showing the A-B-C corrective structure from the June highs. The market appears to be forming a potential ascending triangle pattern, with the June high serving as key resistance. The current consolidation between the June high and low suggests accumulation before the next directional move.
Key levels to watch include the $3,300 support zone and the $3,400 resistance area. A decisive break above resistance could trigger another leg higher toward $3,500, while failure to hold support might see a retest of the $3,200 level. The overall structure suggests this consolidation is part of a larger bullish continuation pattern.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD trade ideas
Gold looks set to rise to 3390Gold is in a global bullish trend. Locally, the market is beginning to restore its structure.
During the European session, the price broke through the resistance of the local maximum of 3358.
At the moment, buyers and sellers are fighting for the 3350-3360 range. Consolidation of the price above 3350-3360 could lead to continued growth, a breakout of 3374, and growth to 3393.
Scenario: Consolidation of prices above 3350–3353 could trigger growth to 3375. Further, a slight correction may form from resistance before a retest to break through the level and grow to 3393.
XAU/USD Chart Analysis: Volatility at a Yearly LowXAU/USD Chart Analysis: Volatility at a Yearly Low
The daily chart of XAU/USD shows that the Average Directional Index (ADX) has reached its lowest level since the beginning of 2025, indicating a significant decline in gold price volatility.
Yesterday’s release of the US Producer Price Index (PPI) initially triggered a sharp spike in gold prices, but the gains were short-lived, with the price quickly reverting to previous levels. This price action aligns with a broader market narrative of equilibrium—where supply and demand are in relative balance, and the market appears to be efficiently pricing in key influencing factors, including geopolitical tensions and tariff-related developments.
However, this fragile balance may soon be disrupted.
Technical Analysis of XAU/USD
From a broader technical perspective, gold remains within a long-term ascending channel (highlighted in blue) in 2025. Key observations include:
→ Attempts to rebound from the lower boundary of the channel (marked with arrows) lack conviction. Bulls are not capitalising on these opportunities to reignite the uptrend, suggesting a potential exhaustion of buying interest.
→ A trendline drawn across the major highs of 2025 has proven to be a strong resistance level. All recent breakout attempts have failed at this barrier.
As a result, the XAU/USD chart is showing signs of forming a large-scale triangle pattern, with its axis centred around the $3,333 level. If bulls continue to falter in extending the multi-month rally, it could encourage bears to challenge the lower boundary of the ascending channel, increasing the risk of a downside breakout.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
An interesting day on gold and to be honest, the plan worked but the whipsawing only allowed us to scalp. Although we had a few decent scalps, we wanted it to go higher, then form a swing at 3320, which it broke above. This region now is one big accumulation, this is not as simple as enter and set TP, unless you're scalping. At the moment, we're above 3310 which is the level that needs to break to go down with a high of 3330 which is the level that needs to hold for us to go lower.
Our set up here is bearish, what we want is to try and capture the stop hunt from above rather than entering and having to watch this chop up and down, then go into drawdown. If it works, it works, if it doesn't, we'll come back next week.
On the chart are the two levels to look for a RIP! With it ranging like this we'll stick with these level and use the red boxes looking for the break!
As always, trade safe.
KOG
Support Under Siege – Is Gold Ready for Another Leg Down?As I expected in the previous idea , Gold ( OANDA:XAUUSD ) rose to $3,343 on the 1-hour time frame , but failed to break the Resistance zone($3,350-$3,326) and started to fall with relatively good momentum .
Do you think Gold can finally break the Support zone($3,312-$3,280) and Support lines , or will it rise again?
Gold is currently trading in the Support zone($3,312-$3,280) and near the Support line s. It has also managed to break the downtrend line .
In terms of Elliott Wave theory on the 15-minute time frame , Gold appears to be completing a main wave 4 . The main wave 4 appears to follow Double Three Correction(WXY) . Also, the main wave 3 is extended due to the high downward momentum.
I expect Gold to start falling again by entering the Potential Reversal Zone(PRZ) or Resistance zone($3,302-$3,296) and eventually breaking the Support zone($3,312-$3,280) and Support lines, Gold's falling targets are clear on the chart.
Note: Stop Loss (SL) = $3,313
Gold Analyze (XAUUSD), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold is rising due to market uncertainty about Trump's next moveGold is rising due to market uncertainty about Trump's next move
Today gold found a strong support area near the 3285 level.
The price was hesitant to move all day, but as soon as the US market opened, gold rose slightly. Trump and his tariffs on the one hand and his strange comments regarding Powell's decision regarding interest rates are creating volatility and fear throughout the market.
Long gold positions have some risks, but this is a trade with the trend and with the current mess that Trump is creating.
Short-term targets I am considering: 3323; 3337 and 3356.
Be careful because price movements are very affected by the news.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
XAUUSD 2H | Smart Money Buy from Strong DemandXAUUSD 2H | Support Rejection with Upside Targets 🎯
Price respected the key support zone and is now showing bullish momentum. Two clear target levels are marked above. Ideal buy opportunity after rejection confirmation from demand zone. Watch for clean continuation toward 3370 and 3390.
#XAUUSD #GoldAnalysis #SmartMoneyConcepts #SMC #Forex #PriceAction #BuySetup
Learn the 3 TYPES of MARKET ANALYSIS in Gold Forex Trading
In the today's post, we will discuss 3 types of analysis of a financial market.
🛠1 - Technical Analysis
Technical analysis focuses on p rice action, key levels, technical indicators and technical tools for the assessment of a market sentiment.
Pure technician thoroughly believes that the price chart reflects all the news, all the actions of big and small players. With a proper application of technical strategies, technical analysts make predictions and identify trading opportunities.
In the example above, the trader applies price action patterns, candlestick analysis, key levels and 2 technical indicators to make a prediction that the market will drop to a key horizontal support from a solid horizontal resistance.
📰2 - Fundamental Analysis
Fundamental analysts assess the key factors and related data that drive the value of an asset.
These factors are diverse: it can be geopolitical events, macro and micro economic news, financial statements, etc.
Fundamental traders usually make trading decision and forecasts, relying on fundamental data alone and completely neglecting a chart analysis.
Price action on Gold on a daily time frame could be easily predicted, applying a fundamental analysis.
A bearish trend was driven by FED Interest Rates tightening program,
while a strong bullish rally initiated after escalation of Israeli-Palestinian conflict.
📊🔬 3 - Combination of Technical and Fundamental Analysis
Such traders combine the principles of both Technical and Fundamental approaches.
When they are looking for trading opportunities, they analyze the price chart and make predictions accordingly.
Then, they analyze the current related fundamentals and compare the technical and fundamental biases.
If the outlooks match , one opens a trading position.
In the example above, Gold reached a solid horizontal daily support.
Testing the underlined structure, the price formed a falling wedge pattern and a double bottom, breaking both a horizontal neckline and a resistance of the wedge.
These were 2 significant bullish technical confirmation.
At the same time, the escalation of Israeli-Palestinian conflict left a very bullish fundamental confirmation.
It is an endless debate which method is better.
Each has its own pros and cons.
I strongly believe that one can make money mastering any of those.
Just choose the method that you prefer, study it, practice and one day you will make it.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold---sell near 3355, target 3330-3320Gold market analysis:
The gold buying and selling game in the past two days is quite fierce. The daily line is washed back and forth, with a combination of one Yin and one Yang. The upper and lower shadows of the daily line are relatively long. Yesterday, the daily line closed with a standard hammer candle pattern. After breaking the strong support of 3320, the price did not continue to fall, but bottomed out at 3308 and began to rise strongly, which eventually led to the short-term selling dream being shattered again. The daily line and K showed alternating conversions. The short-term trend is vague, but the long-term trend is still buying. This wave of repairs has the participation of fundamentals and the repair of gold itself. In the big cycle, it is difficult to form a daily selling trend without breaking the position of 3281. In addition, the fundamentals all support gold. I think the possibility of a deep fall in gold in the near future is very small. We are just a follower. In the short term, we focus on the intraday trend to operate. Yesterday, the daily line had a tail, and the possibility of continuing to fall today is small. Let's look at the repair rebound in the Asian session first. The first suppression position for buying rebound is around 3357. This position is also a form suppression and an indicator suppression. The other suppressions are around 3366 and 3377. Note that gold is not unilateral. When encountering great pressure, we must also consider selling opportunities. Today, I think it will rebound first and then fall back.
Support 3327 and 3320, strong support 3308, pressure 3344.3357.3366.3377, and the strength and weakness dividing line of the market is 3340.
Fundamental analysis:
There are not many fundamentals this week. The data released yesterday still suppressed gold as a whole, but the gold tail market still bottomed out and rebounded.
Operation suggestions:
Gold---sell near 3355, target 3330-3320
sideways in weekend downtrend⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) struggle to extend Thursday’s recovery from the $3,309 region—a one-week low—consolidating within a tight range during Friday’s Asian session. The US Dollar (USD) continues to retreat from its peak since June 23, pressured by dovish signals from Federal Reserve (Fed) Governor Christopher Waller.
Additionally, growing concerns over US President Donald Trump’s unpredictable trade policies and their potential consequences for global growth are keeping investors cautious, supporting demand for the safe-haven metal. These factors collectively help limit deeper losses in Gold, though the metal lacks clear bullish momentum for now.
⭐️Personal comments NOVA:
Gold price is moving sideways, accumulating in the downtrend line, not much fluctuation in weekend news
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3381- 3379 SL 3386
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3293-$3295 SL $3288
TP1: $3308
TP2: $3318
TP3: $3330
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTRIC day on the markets with our chart idea and levels playing out and being respected, as analysed.
After completing the swing range test and full swing into 3306, we stated yesterday that we will now look for ema5 cross and lock above 3306 to open 3330. This was locked and loaded and completed the 3330 target today.
We will now continue to look for ema5 lock above 3330 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for support and bounce inline with our plans to buy dips.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3358
EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3416
EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
BEARISH TARGETS
3330 - DONE
EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE
3283 - DONE
3254
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Major resistance ahead?The Gold (XAU/USD) is rising towards the pivot and could reverse to the overlap support.
Pivot: 3,343.09
1st Support: 3,307.61
1st Resistance: 3,363.76
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How to use Session Profiles for Day TradingHey whats up traders, in reveal cheat code for day trading by using session profiles. It's powerful concept. If correctly applied with HTF trend it will allows you to join running train path the right time.
Dont forget to follow me. I release such articles every Monday.
🧠 What Are Session Profiles?
A session profile describes the typical price structure and narrative during a market session — from open → high/low → close.
In Forex, we focus on:
• Asian Session
• London Session
• New York Session
Each session can act as either a reversal or continuation of the previous session(s).
📈 Why They Work
Markets are engineered to:
• Run stops (above highs or below lows)
• Fill inefficiencies (fair value gaps or imbalances)
CLS prefer to move price during specific times — the active hours around session opens. This is where liquidity is high and slippage is minimal, making it ideal for executing large orders.
So, session profiles help us map out when and where these manipulations are most likely to happen.
✅ Why You Should Use Them
Session profiles help you:
• Avoid low-probability trades in dead sessions
• Focus on high-probability narratives
• Anchor your execution models to context
But remember: they are not an entry model. You still need:
• A higher timeframe bias
• A mechanical entry model
• A system for risk and trade management
🔁 How to Use Session Profiles
Use the previous session(s) to anticipate the next one.
• For London session → analyze the Asian session
• For New York session → analyze Asian + London sessions
You’re looking for:
1. Manipulations into key levels
2. Displacement (price moves away strongly)
3. Change in order flow (e.g. OB,on M5 ,15 or H1)
4. Remaining liquidity targets (draw on liquidity)
📊 Session Profile Types with Chart Logic
1. 🔄 London Continuation Profile
Conditions:
• Asia session already made a manipulation into a key level
• Price displaced away from that level
• CIOD / OB on M15 or H1 before London open
Example:
• H1: Asia runs stops above H1 high into a fair value gap (key level)
• Displacement confirms intent
• At London open, price retraces into M15 premium (PD array) and continues in the same direction
Invalidation: the manipulation high/low from Asia session
Narrative: Asia did the manipulation → London does the continuation.
2. 🔁 London Reversal Profile
Conditions:
• Asia session consolidates near a higher timeframe key level
• London open initiates the manipulation into the key level
• Displacement + M15 BOS after manipulation
Example:
• H1: Asia consolidates under daily FVG
• London opens, price runs Asia high into that FVG
• M15 breaks down → clean short setup
• Target: higher timeframe draw on liquidity (e.g., previous day low)
Invalidation: the London session high (manipulation point)
Narrative: London performs the manipulation → price reverses.
3. 🔄 New York Continuation Profile
Conditions:
• Asia + London already created a clear manipulation and displacement
• London has not reached the final draw on liquidity
• London is not overextended (e.g., <70 pips move)
• New York opens with structure intact for continuation
Example:
• H1: London makes a reversal from a key level and displaces lower
• Draw on liquidity (e.g., previous day low) still untouched
• NY opens and continues the sell-off, retracing briefly into M15 imbalance before expanding lower
Invalidation: manipulation level from London
Narrative: London set the direction → NY finishes the move.
4. 🔁 New York Reversal Profile
Conditions:
• No clear London profile (no key level touched, no strong CHoCH)
• NY opens and manipulates into a key level (e.g., daily OB, FVG)
• Clear M15 or H1 CHoCH or BOS confirming reversal
• Asia + London lows still intact (liquidity available below)
Example:
• H1: No strong setup in London
• NY opens, price spikes into daily OB and takes out London highs
• M15 structure shifts → sell targeting London + Asia lows
Invalidation: NY session manipulation high
Narrative: London was noise → NY takes control and reverses.
🔁 Visual Structure Flow
Before applying any session profile, confirm:
1. High-probability trading conditions (e.g., key level proximity, market open, liquidity available, Red News)
2. Bias in place (HTF (D1 and Weekly direction must be known)
Then:
→ Check for valid session narrative
→ Select the correct session profile
→ Wait for the stop run of H1 / H4
→ Is there enough room for the move to key level
→ If we are still in first half of session you can enter. If its close the end of session skip it.
→ Apply your entry and risk model.
→ Dont be greedy look for 2:1 RR trade and get out.
🔁 How to enter ?
if bearish - You always want enter above H1 I H4 candle after LTF CIOD
If bullish - You always want to enter bellow H1/ H4 after LTF CIOD.
Use Order block to enter the market here is how to identify it correctly
Remember:
Never sell low / Never buy High... wait for stop run / Liquidity sweeps. If you dont know where is the liquidity - you will be liquidity.
Hope this brings clarity to your trading.
Done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
How to find stable trading opportunities in gold fluctuations?Today, the rhythm of gold going short first and then long is perfectly grasped. Congratulations to those who followed the trading plan for reaping good returns. We are still holding long orders at present, and the overall position is arranged around the idea of stepping back to low and long. From the current market structure, the 3325-3320 area below is an important dividing line for the bulls to be strong, and it is also a key support level that determines the subsequent direction. If this area stabilizes, the short-term structure will still be bullish and unchanged, and the rhythm of stepping back to low and long is expected to continue. It is expected that gold will rebound to 3340-3350 and the upper target again. If 3320 is lost, it is recommended to stop loss as soon as possible, and the defense position is recommended to be set below 3315 to prevent the short-term structure from turning short and bringing further callback risks. The core of this round of trend is that only by holding the support can we be qualified to talk about rebound; if the support is lost, we need to turn decisively to prevent being passive. The current market volatility has intensified, but the direction has not yet completely broken. The focus of operation is still on entering the market around key points, switching positions between long and short positions to find the rhythm, blindly chasing orders and emotional operations will be taboos in the current market. Opportunities are not absent, but they belong to those who are always ready. The structure is not broken and the low and long will not change.
GOLD UPDATE Hello friends🙌
📉Regarding the decline we had, which we also analyzed for you and said that the price is falling...
✔Now, with the support hunt identified, you can see that the price has returned strongly and broken the identified resistance and managed to reach higher ceilings, which also created a QM pattern, which increases the likelihood of the upward trend continuing.
Now with capital and risk management you can move towards your specified goals.
🔥Follow us for more signals🔥
*Trade safely with us*
Lingrid | GOLD selling Opportunity at Resistance ZoneOANDA:XAUUSD recently rebounded from the support level near 3280 and pushed upward into the 3329 resistance zone. However, the price is struggling to break above both the red descending trendline and the horizontal supply zone, suggesting exhaustion of bullish momentum. A lower high formation and rejection from this confluence area signal a likely bearish continuation. If confirmed, price may slide toward 3305, with potential to revisit the 3280 support area.
📉 Key Levels
Sell trigger: rejection from 3330 with bearish confirmation
Sell zone: 3325–3330 (confluence of horizontal and diagonal resistance)
Target: 3305 first, extended to 3282.3
Invalidation: strong hourly close above 3330 breaks bearish structure
💡 Risks
False breakout traps near 3305 may reverse sentiment
Unexpected macro events (CPI, Fed comments) can shift short-term trend
Price bouncing at 3305 before full target reach might attract dip buyers
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
No Bullish Confirmation – Targeting 3250 on XAU/USDIn yesterday’s analysis, I mentioned that due to Monday’s daily Pin Bar, I closed my short trade on Gold around break-even and decided to wait for more confirmation.
Unfortunately, that wasn't the best decision. The price failed to break above resistance for a bullish continuation and instead dropped sharply, closing the day exactly at the 3300 figure. At the time of writing, Gold is trading even lower at 3293, after briefly rebounding from the 3285 support zone—a level I’ve highlighted in the past.
Moving forward, after the failed bullish continuation and yesterday’s bearish move, it’s clear that bears are back in control. A drop toward the 3250 zone is now on the table.
Conclusion: I’m looking to sell rallies, with my invalidation zone set above 3340, aiming for a good risk-to-reward setup.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
downtrend, back to 3300 gold price⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) inch higher in early Asian trading on Wednesday, recovering part of Tuesday’s sharp decline to multi-day lows, though follow-through buying remains limited. Lingering uncertainty surrounding US President Donald Trump’s trade tariffs, combined with expectations that the Federal Reserve (Fed) will maintain elevated interest rates, continues to dampen risk appetite. This weaker market mood is providing modest support to the safe-haven metal.
Meanwhile, the US Dollar (USD) eases slightly after Tuesday’s surge to its highest level since late June, which is helping gold stabilize. However, persistent speculation that the Fed may delay rate cuts, following a slight uptick in US inflation, continues to bolster the greenback and could cap further gains in gold. Traders remain cautious and await today’s US Producer Price Index (PPI) release for clearer direction.
⭐️Personal comments NOVA:
Selling pressure, break 3340 downtrend line continues. Economic news is helping DXY recover
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3381- 3383 SL 3388
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3306-$3304 SL $3299
TP1: $3318
TP2: $3330
TP3: $3343
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Setupsfx_ | XAUUSD(Gold):07/07/2025 Update | Gold dropped nicely when the market opened last night, dropping around 600 pips. However, it couldn’t hold on to the gains and came right back to the selling zone. There are two entry points and two potential targets.
Good luck and trade safely!
Team Setupsfx_
Back above $3,300, GOLD may remain neutral, tax focusOANDA:XAUUSD reclaimed the psychologically important level of $3,300/ounce last week, but while gold is still receiving some support as a safe haven amid economic and geopolitical risks, its upside momentum may be limited as the market shifts its attention to other commodities.
Gold prices ended last week on a generally bullish note, rising back above $3,300 an ounce after US President Trump unexpectedly announced a series of new trade policies. Spot gold prices rose about 0.5% last week on Friday.
Although the market initially doubted Trump’s self-imposed July 9 deadline, the overall market reaction remained steady and the renewed risk appetite helped the S&P 500 hit a new record high, somewhat undermining gold’s safe-haven appeal. The July deadline has been pushed back to August 1, but the global trade conflict is far from over. Gold has regained support after initial pressure after Trump announced a new trade policy on copper imports, along with a series of news stories about the relationship between Trump and the FED sent to readers throughout the past week.
A sharp rise in copper prices will also add to inflationary pressures, exacerbate economic uncertainty and raise concerns about recession and stagflation. In this context, gold is expected to continue to receive support from potential risks.
In addition to fierce competition in the commodity market, gold may remain fundamentally neutral in the short term, as economic data will support the Fed's neutral monetary policy. The key market focus next week will be the June Consumer Price Index (CPI). The Fed has made it clear that it is in no rush to raise interest rates while inflation risks remain high.
However, traders still need to be cautious and closely monitor the situation surrounding the tariff war initiated by Trump, which will directly affect the price of gold. In case of negative news, the gold price will receive support and vice versa if positive news appears in the market.
Over the weekend, US President Trump once again used the tariff tactic, announcing that he would impose a 30% tax on imports from the EU and Mexico, causing a strong reaction from the international community. This move not only casts a shadow over the relationship between Europe and the United States, as well as between the United States and Mexico, but also adds further uncertainty to the global trade model. EU politicians, businesses and academics were quick to respond, calling for unity to protect their interests, while Mexico stressed the need to maintain national sovereignty and pledged to respond calmly.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold has a 3-day rally, and the upside momentum has reached the important target resistance at the 0.236% Fibonacci retracement level. Gold's upside momentum is also limited by this Fibonacci retracement level, specifically it has slightly dropped to $3,355/oz.
But overall, gold is still not in a position to form a specific trend, and the indicators and positions are mainly showing the possibility of continuing to accumulate sideways.
For gold to have the conditions for a new bullish cycle, it needs to bring price activity above the 0.236% Fibonacci retracement level, then the target will be around $3,400 in the short term, more than $3,430.
Meanwhile, a pullback, which sees gold sell below the 0.382% Fibonacci retracement, would open the door to a bearish cycle, with a target of around $3,246 in the short term, rather than the 0.50% Fibonacci retracement.
RSI hovering around 50 also suggests a hesitant market sentiment, so the short-term bias for gold is neutral.
Along with that, notable positions will also be listed as follows.
Support: $3,350 – $3,310 – $3,300
Resistance: $3,371 – $3,400 – $3,430
SELL XAUUSD PRICE 3406 - 3404⚡️
↠↠ Stop Loss 3410
→Take Profit 1 3398
↨
→Take Profit 2 3392
BUY XAUUSD PRICE 3340 - 3342⚡️
↠↠ Stop Loss 3336
→Take Profit 1 3348
↨
→Take Profit 2 3354