XAUUSD Weekly Outlook | $3,285 Key Level and Structure SetupHere’s my outlook on gold (XAUUSD) for the week of August 4–9, 2025.
Last week’s move was shaped by strong early dollar momentum, a 3% U.S. GDP report midweek, and Friday’s sentiment shift after the surprise tariff announcement.
Price is now sitting near the $3,380 supply zone, a structure that’s been in play since April. I highlight:
✅The key demand zone ($3,245–$3,285)
✅The broken descending trendline is now acting as support
✅Potential reaction around $3,360 early in the week
✅$3,285 remains my key level going forward. If ever price comes close, I’m watching for signs of strength or breakdown there to guide my setups.
I’ll update my thoughts in the comments as price action unfolds.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
Xauusdanalysis
Gold price analysis week 32The recently released Nonfarm data has become an important catalyst, officially breaking the previous bearish wave structure and shaping a completely new uptrend for gold prices. Breaking above the wave 1 peak at the 3315 area is a clear confirmation signal that the downtrend has ended.
In that context, the trading strategy for next week should prioritize buying orders. This rally has the potential to push gold prices to historical peaks if the bullish momentum is maintained with stable trading volume.
Specific trading strategy:
Important support zone: 3333 – 3315
Short-term resistance zone: 3373 – 3416
Will the bull market continue? A sense of crisis.Can gold continue last week's rally? Will it be another flash in the pan? In early Asian trading on Monday, gold rose to 3370 before falling slightly to around 3345 and currently fluctuating around 3360.
On Monday, focus on the 3340-3335 area. This was support before last Friday's rebound, and it also served as a key resistance level that has now become a support point. After last week's strong performance, don't rush into buying. Wait for a pullback to confirm the trend, or for an upward breakout in the European session before considering entering the market before the US market opens. In volatile markets, try to control the pace and avoid frequent in-and-out moves.
The 4-hour chart shows that gold is currently facing resistance near 3370, but this strong upward move is likely to correct in the European session, preparing for a subsequent secondary rally. This period has been range-bound, not a strong, one-way trend. Even if bullish, don't chase the market; wait for confirmation after a pullback before taking action.
Quaid believes that support today lies in the 3340-3335 range. A pullback near this area is a good opportunity to go long. The early Asian session's surge is a continuation of last Friday's bullish trend. The 3340-3335 area served as support before Friday's final rally and a key level for top-to-bottom reversals. If the price breaks through 3370 and stabilizes above it, it could potentially reach 3375-3385. However, after reaching the high, Quaid believes a pullback is highly likely, with a focus on the 3330-3310 area.
Trading Strategy:
Go long near 3330, stop-loss at 3320, and profit range at 3360-3370.
Short near 3375, stop-loss at 3385, and profit range at 3330-3320-3310.
Gold Technical Outlook
Gold is currently consolidating inside a triangle pattern. After a recent bullish rally, price retraced between the 61.8% – 76.4% Fibonacci levels, finding support and bouncing upward. At present, gold is facing resistance at both the falling trendline and the 3298–3300 zone.
Bullish Scenario:
A breakout above the resistance trendline and the 3298–3300 zone could trigger a strong bullish move toward 3311, 3322, and 3333. A sustained break above 3333 would confirm a short-term bullish trend, opening the way for higher targets at 3360 and 3400.
Bearish Scenario:
If price faces rejection from the 3300 resistance and the falling trendline, gold is expected to move lower, retesting 3270. A decisive break below 3270 may extend the decline toward 3250. If 3250 is broken, gold could enter strong bearish momentum, potentially shifting the long-term trend to the downside with targets at 3000 and 2850.
OANDA:XAUUSD Gold Technical Outlook
Weak non-farm payroll data injects newconfidence into gold bullsGold rebounded strongly late last week, shaking off early-week losses and surging toward key resistance at $3,400 per ounce as weak US jobs data rekindled hopes for a September rate cut by the Federal Reserve.
Spot gold closed at $3,363.16 on Friday (August 1st), up 2.23% on the day, or $73.24, after hitting a high of $3,363.37.
Lukman Otunuga, senior market strategist at FXTM, said Friday's rally in gold prices was impressive, driven by a plunging US dollar.
"From the chart, bulls were on a rampage that day, with $3,400 within 2% of the price at that point," he said. "With prices breaking through $3,330 resistance, the weekly chart is significantly bullish. A weekly close above this level could signal a move toward $3,400."
Last week, gold faced significant selling pressure after the Federal Reserve held interest rates steady and Chairman Powell raised uncertainty about a possible September rate cut.
"We haven't made a decision about September yet," Powell said at a press conference following the Fed's decision.
After disappointing U.S. job market data, lingering doubts about a September rate cut dissipated. According to the Bureau of Labor Statistics, the U.S. economy created only 73,000 jobs last month. Furthermore, total job growth in May and June was revised downward by 258,000. According to the revised data, only 14,000 jobs were created in June and 19,000 in May.
"This weaker-than-expected jobs report has dented confidence in the U.S. economy and put pressure on the dollar as markets anticipate a more dovish Fed, potentially leaning toward rate cuts to stimulate growth," said Aaron Hill, senior market analyst at FP Markets. "For gold, the disappointing jobs data reinforces its role as a hedge against economic uncertainty, supporting prices as investors seek stability."
According to the CME FedWatch tool, the market currently sees a 92% probability of the Fed easing monetary policy in September. Last Thursday, the market saw only a 38% chance of a rate cut.
Jamie Cox, managing partner at Harris Financial Group, said the Federal Reserve may ultimately regret its decision to hold interest rates steady earlier this week.
"A rate cut in September is a definite possibility, perhaps even a 50 basis point cut, to make up for lost time," he said.
Naeem Aslam, chief investment officer at Zaye Capital Markets, said he sees the potential for gold prices to steadily rise to $3,400 an ounce given the sharp shift in interest rate expectations.
"If the Fed signals a dovish stance, speculative inflows could push gold prices above the psychological $3,400 level, especially as investors seek safe havens during economic uncertainty," he said. "Technical indicators, such as a bullish trend in gold ETFs and rising open interest, support this potential breakout. We believe traders are already positioning for a dip bounce, with some analysts pointing to seasonal patterns in gold that typically gain traction after August. While volatility may still limit near-term gains, the overall trend looks positive, and the typical summer lull may be over."
This week will be light on economic data, with investors continuing to digest Friday's jobs report. Meanwhile, some analysts expect the economic uncertainty stemming from President Trump's ongoing trade war and global tariffs to further boost safe-haven demand for gold.
Trade tensions are providing another layer of support for gold. President Trump set an August 1st deadline for countries to finalize a trade deal. While the United States reached agreements with Japan and the European Union, resulting in a 15% increase in import tariffs, many major trading partners still face the risk of tariff increases.
As a result, exports from many countries now face significant cost increases. Specifically, Canada, the United States' second-largest trading partner, faces a 35% tariff increase. Meanwhile, India faces a 25% increase, Taiwanese exports will be subject to a 20% tariff, South African products face a 30% tariff, and Swiss goods face a 39% tariff.
Pepperstone market strategist Michael Brown said he remains bullish on gold, citing global trade uncertainty as a key factor driving its value as a monetary asset.
He said: "The diversification of reserves away from the US dollar and into gold, particularly in emerging markets, will continue for the foreseeable future. Of course, potential safe-haven demand stemming from concerns about the state of the US economy will further support the bullish view. The upside levels to watch remain the $3,400 mark, followed by a high of around $3,445, and then a potential run towards the all-time high of $3,500. I certainly wouldn't rule out the possibility of new highs in gold prices before the end of the year."
Chris Vecchio, Head of Futures Strategy and FX at Tastylive, said he sees gold as a very beneficial global currency.
"Tariffs mean that countries will trade less in US dollars, so I expect gold to continue to perform well as the world searches for an alternative monetary asset."
XAUUSD Breakout and Retest – Targeting 3428 Supply ZoneGold (XAUUSD) has broken above key resistance at 3346 and successfully retested it as support, forming a bullish structure with higher lows. This aligns with a classic breakout–retest continuation setup.
The entry is taken after confirmation of support holding, with the following levels in focus:
Entry: Around 3355
Stop Loss: Below retest zone at 3339
Targets:
TP1: 3377 (minor resistance)
TP2: 3396
Final TP: 3428–3430 supply zone
Market structure is bullish on the 1H timeframe, and momentum supports upside continuation. Trade aligned with trend and key demand zone reaction.
📌 Always manage risk. Not financial advice.
Gold prices are fluctuating. Is a correction coming?Gold surged last Friday, directly breaking through multiple moving average resistance levels. This trend is quite strong. Currently, the 5-day moving average has turned upward, indicating short-term upward momentum; however, the 10-day moving average remains slightly downward, indicating some divergence in the short- and medium-term trends. The 20- and 30-day moving averages have flattened. Overall, the short-term moving averages are less reliable, making it difficult to clearly predict the precise short-term trend based on them.
Since mid-May, gold has been fluctuating widely at high levels. Within this trend pattern, continued monitoring of fluctuations within this broad range is warranted. Until a major trend breakout occurs, the overall approach should be to maintain a volatile outlook and avoid prematurely declaring a unilateral trend.
The upper resistance level is around 3375, which has been repeatedly suppressed during previous price fluctuations. Focus on support in the 3340-3335 area below. This marks the low point after last Friday's sharp rise. The market has stabilized in this area and continued its upward trend. If the decline is significant, the 3300 round-number resistance level will need to be monitored.
Trading strategy:
For aggressive trading, short around 3375 with a stop-loss at 3385 and a profit range of 3345-3335.
XAUUSD – Bullish Reversal or Just a Deep Correction?Last week was a wild one for Gold.
After a quiet start and some choppy price action, the market dropped hard on Wednesday, breaking not only the 3300 key level but also the 3280 horizontal support — and what followed was anything but calm.
As expected after a strong move, the price pulled back to retest the broken support.
But Friday changed everything.
Instead of continuing down, Gold reversed sharply, fueled by weaker-than-expected NFP data. Price surged 800 pips from low to high, breaking above both the 3310 resistance zone and the weekly high around 3335.
________________________________________
🧭 Key Question:
Are we back in the bullish trend, or is this just a strong correction of the 3440 → 3270 drop?
Since May, Gold has lacked a clear trend — so a step-by-step trading approach is the most advisable to adopt.
________________________________________
🔍 Outlook:
Given the strength of the reversal and the break above two important resistance levels, my bias is bullish.
• 📌 Support: 3335 — a pullback into this zone could offer a buy opportunity in line with the recent momentum.
• 📌 Resistance: 3375 is the next key level to watch.
• ❌ Invalidation: A drop below 3310 would cancel the current bullish scenario.
🧠 Final Thoughts
Gold’s recent move challenges both bulls and bears.
Yes, the bounce was strong. Yes, key resistance levels broke.
But with no clear trend since May, chasing long term direction can be risky.
That’s why a step-by-step approach is the most advisable to adopt — let the market confirm each move before committing to the next.
For now, the breakout above 3310 and 3335 leans the bias to the upside.
However, staying reactive — not being stuck with an idea — is the smartest approach.
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.
Potential Reversal After Complex CorrectionThe current movement of gold (XAUUSD) is estimated to be forming part of wave ii of wave (c) of wave under the black label scenario. This implies that XAUUSD has the potential to undergo a deeper correction, targeting the 3,073–3,184 range.
However, under the alternative red label, the price action appears to be developing a triangle pattern as part of wave of wave 4. In this scenario, XAUUSD still holds the potential for further upside toward the 3,394–3,438 area, which also coincides with a Fibonacci cluster zone, serving as a critical resistance region.
xauusd mondayMain Structure:
Trend: Bullish (clear CHoCH + BOS to the upside).
Liquidity sweep:
BSL (Buy Side Liquidity) above 3377 has been taken.
SSL (Sell Side Liquidity) below is likely the next short-term target for a retracement before continuation.
🧱 Key Levels:
Breaker Block – now acting as valid support. Price has already retested and rejected strongly.
Central Range Liquidity (POI) – optimal retracement area (around 3341.89), potential magnet zone for price.
Blue Box (Demand Zone) – a solid confluence area for long entries.
🧩 Expected Price Action (Scenario):
Short pullback: into the POI (Central Range Liquidity) → bullish rejection.
Small accumulation: minor range building → takes out minor SSL.
Bullish continuation: targeting previous BSL and possibly expanding into premium areas (3377–3390).
📍 Additional Notes:
Market structure confirms a bullish bias. So the plan is to buy the dip at the POI and breaker block zone.
If price breaks below the demand zone and breaker block, this setup is invalidated. Expect deeper retracement to around 3320 or the larger blue demand zone.
✅ Trade Plan Summary:
Element Value
Entry Around 3341–3345
Stop Loss Below 3329 (invalidation zone)
TP1 3366 (initial reaction)
TP2 3374–3380 (clean BSL)
TP3 3390++ (expansion target)
Let me know if you want me to turn this into a daily Gold template so you can match each New York session setup easily. Shall we build it? 🔥👑
GOLD | XAU/GC - Weekly Recap & Gameplan - 03/08/25📈 Market Context:
Gold is currently trading within an accumulation zone as the market begins to price in a potential 0.25% rate cut by the Fed.
This macro expectation is supporting the broader bullish bias in the commodities market.
🧾 Weekly Recap:
• Price broke below the HTF bullish trendline — a key sign of weakness and potential structural shift.
• However, a sharp drop in the DXY (US Dollar Index) provided a bullish tailwind for gold, resulting in a mid-week bounce.
• This mixed action sets the stage for two potential outcomes next week.
📌 Technical Outlook & Game Plan:
I’m preparing for two possible scenarios:
1️⃣ Bearish Scenario (Red Path):
→ Price retests the broken trendline and rejects it
→ Continuation to the downside
→ Play: Short setup
2️⃣ Bullish Scenario (Green Path):
→ Price reclaims the broken trendline and closes above it
→ Continuation higher toward next resistance
→ Play: Long setup
🎯 Setup Trigger:
I will wait for a clear break of structure (BOS) on the 1H–4H timeframe to confirm directional bias.
📋 Trade Management:
• Stoploss: Below the demand zone (for longs) or above supply (for shorts) on the 1H–4H chart
• Target:
→ Bullish: $3,536
→ Bearish: $3,305
💬 Like, follow, and comment if this breakdown supports your trading! More updates, setups, and educational posts coming soon — stay tuned!
GOLD: Bullish Shift ConfirmedBullish BOS, price is trading above 3360. Clean bullish choch formed creating a new HH. Look to buy...
(H4)
✅ New HL formed around 3280 and we now have a break above $3355 and $3360 = BOS confirmed.
🟢 Key Zone: 3322–3337
(H1)
✅ BOS above 3360 confirms bullish bias
✅ Key Zone: 3322–3337 (Use this zone to set a limit or watch for confirmation)
Retracement expected before continuation.
(M15)
👀 What to Watch:
If price opens lower and taps into 3330s, monitor for:
✅ Sweep of intraday lows
✅ M15 bullish BOS above 3348–3350
🔁 Entry on retest of new demand zone after BOS
❌ Invalidation: Break and close below 3305
Other Scenario: No Pullback — Buy Breakout Instead
If price opens strong and continues up from the 3360s, wait for:
✅ Bullish Break of Structure (BOS) Above: 3385
This is your confirmation level that buyers are still in control
XAUUSD to the moon Current situation: price around $3360, short-term targets — rebound to $3415–3420 or fall to $3330–3300.
Trend: moderately bullish, but consolidation is possible in the quarter. Sustainable growth is possible with lower rates and increased geo-risks.
Tactics: consider buy on dip positions around $3330–3350 with a target of $3400+, or sell on rise in the $3415+ zone with signs of indicator reversal or dollar growth.
Interest rate cuts intensify. Will gold break out?No noteworthy news events occurred this weekend. So, we'll have to wait and see how the market interprets gold's trajectory at the start of next week.
From the 4-hour chart, the first thing we can confirm is that the 3363 level is unlikely to be the high point of this pullback. Because Friday's non-farm payroll report re-priced expectations for a rate cut, Friday's figures were merely a reaction from the US market. Furthermore, after hitting 3355, the price retreated slightly to 3340 before embarking on a second wave of gains.
The Asian and European markets were closed at the time, so when Monday opens, the Asian and European markets will likely also interpret expectations for a rate cut and the impact of the non-farm payroll data on the market.
Therefore, gold is likely to continue its upward trend next Monday. Currently, the first resistance level is around 3375-3380. It's uncertain whether this resistance can be overcome, but if it breaks through and stabilizes above 3380, it's likely to continue to move towards 3400.
On the other hand, if 3375-3380 holds strong resistance, a retest of Friday's retracement lows of 3330-3340 is possible.
Thus, avoid blindly shorting at the opening of next week. If the market retraces back to around 3330, then a long position is possible. If the market opens directly testing the upward pressure level, then do not chase the long position, as there is a possibility of a pullback at the pressure level.
Monday's market forecast and related layout#XAUUSD
Judging from the monthly chart, although July closed with a large positive line, there is still great resistance above 3439-3501. Possible gold price trends for next week are as follows:
1. If gold prices open higher, focus on the previous highs of 3375-3385. If resistance and pressure are encountered, consider shorting, aiming for a volatile decline, retracing Friday's gains.
2. The market is volatile and sideways, so wait and see.
3. Gold fell back. Referring to Friday’s trading strategy, you can consider going long around 3335 to bet on a short-term rebound. Leave yourself some room for participation (the possibility of touching 3338 again and rebounding is not ruled out)
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold Trend Reversal: MSS Completed Eyes on OB and Breaker Block!The gold market has executed a Market Structure Shift (MSS) in the New York session, indicating a trend reversal. Initially, the market made a Break of Structure (BoS) to the upside, but later dropped sharply and closed below the MSS level, confirming a bearish shift. Currently, the market is likely entering a retracement phase and may look to fill its Pending Demand (PD) arrays.
There are two critical levels from which the market could potentially drop again:
1. The first is an Order Block (OB).
2. The second is a Breaker Block (BB).
Keep a close watch on these two levels. If the market returns to either and presents bearish confirmation signals, it could resume the downward move towards swing lows.
Do Your Own Research (DYOR).
XAUUSD 4H Analysis – Smart Money Trap Setup🚨 Gold is currently reacting off mid-range demand, with a clear liquidity sweep + bullish push underway.
🔴 Key Supply Zones:
3,450–3,480 = Extreme high imbalance
3,400–3,420 = Previous consolidation before selloff
🟢 Key Demand Zone:
3,150–3,200 = Untouched demand zone and liquidity pool from May
📊 My Expectation:
Price is likely to induce breakout traders above 3,420–3,450, tap into premium supply, then aggressively reverse back into demand around 3,160.
🧠 Why this setup?
Equal highs = Liquidity trap 🔥
Price approaching unmitigated supply
Structure shift possible after sweep
SMC model: Buy into premium → Sell from supply → Target demand
🔻 Bearish Plan:
Wait for price to run above 3,450
Look for strong rejection / bearish OB / SFP
Enter short → Target 3,160 zone
💬 What do you think?
Will XAUUSD break this supply or fall from there?
📍Like + comment your thoughts below!
📌 Follow for daily Smart Money charts 🔐
#XAUUSD #GOLD #SMC #ICT #Liquidity #Forex #SmartMoney #PriceAction #GoldAnalysis #OrderBlock
Follow master candle for today's SELL strategy✏️ OANDA:XAUUSD has continued a strong downtrend. Yesterday's D1 candle closed with a 60-price decrease, forming a master candle that determines the market trend. With the market having a master candle, pay attention to the 25% or 50% candle zones to trade in the direction of the trend. Today's main trading strategy will be to SELL according to the master candle. The BUY strategy will only be implemented when the 3313 zone is broken.
📉 Key Levels
Support: 3285-3270-3250
Resistance: 3301-3312-3333
SELL Trigger. Rejection 3301, 3312
Target 3250
Leave your comments on the idea. I am happy to read your views.