GOLD MARKET ANALYSIS AND COMMENTARY - [Aug 04 - Aug 08]This week, the price of OANDA:XAUUSD fell sharply from $3,345/oz to $3,268/oz after the FED Chairman said that the FED has no plans to cut interest rates at the upcoming September meeting. However, at the end of the week, the US Bureau of Labor Statistics announced that the number of non-farm jobs (NFP) in the US reached only 73,000 jobs in July, much lower than the forecast, and the unemployment rate increased higher, up to 4.2%. This pushed the price of gold up sharply from $3,281/oz to $3,363/oz.
The weak labor market has significantly changed expectations for the Fed's interest rate.
With a relatively light economic data calendar next week, investors will continue to monitor Friday's jobless claims report. Meanwhile, some analysts predict that the risk of global economic uncertainty after President Donald Trump announced new tariffs will continue to boost safe-haven demand for gold.
📌Technically, the resistance level for gold next week will be the round resistance of 3,400 USD/oz, followed by 3,440 USD/oz. Meanwhile, the support level is around 3,268 USD/oz.
Perspective on the H4 chart, gold is currently in a corrective recovery cycle testing the Trendline, it is likely that early next week there will be an increase around 3375 and then a correction decrease again.
Notable technical levels are listed below.
Support: 3,323 – 3,310 – 3,300USD
Resistance: 3,371 – 3,400 – 3,430USD
SELL XAUUSD PRICE 3394 - 3392⚡️
↠↠ Stop Loss 3398
BUY XAUUSD PRICE 3310 - 3312⚡️
↠↠ Stop Loss 3306
XAUUSDG trade ideas
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,309.55
Target Level: 3,288.24
Stop Loss: 3,323.69
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 45m
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 COMMENT MY IDEAS✅
GOLD 1H: Fibo speaks louder than words - $3365 in focusGold is testing the upper zone near $3362–3365, which is just above the 0.5 Fibonacci level ($3353) from the previous impulse. The price has already bounced from the top of the channel, indicating potential exhaustion of the current upward move.
Technicals:
- MA50 and MA200 are below the price — bullish trend intact
- RSI is cooling down from overbought territory
- Fibo 0.5 ($3353) was breached, but no clear confirmation yet
- Channel resistance remains unbroken
Plan:
- If price rejects $3365, targets are $3340 and $3314
- If price holds above $3365, next move could be toward $3377+
- EMA structure supports further upside, but caution is needed at this zone
Gold isn’t shouting - it’s whispering key levels. Listen closely.
Bearish reversal?XAU/USD is rising towards the resistance level, which serves as a pullback resistance and could drop from this level to our take-profit target.
Entry: 3,319.22
Why we like it:
There is a pullback resistance.
Stop loss: 3,354.19
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Take profit: 3,271.39
Why we like it:
There is a swing low support that lines up with the 127.2% Fibonacci extension.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAUDUSD SELL LIMITSymbol: XAU/USD
Timeframe: 15 Minutes (15m)
Trade Direction: Short (Sell)
Exact Entry Price:
3,295.254
Entry Rationale: This point is located within the FVG (Fair Value Gap) and at the 78.0% Fibonacci level (Optimal Trade Entry - OTE zone), which has a high potential for a price reaction and attracting sell orders.
Exact Stop Loss:
3,305.953
Stop Loss Rationale: This price is set slightly above the high of the bearish Order Block and also above the Swing High at 3,302.658 to protect the trade from a potential liquidity grab (Stop Hunt).
Exact Take Profit (TP1):
3,270.916
Take Profit Rationale: This target is set at the recent low. This area acts as a sell-side liquidity pool and is the next logical target for the price after pulling back to the supply zone.
Gold next move (Read Description). Hello, Traders.
As we achieved more than 400 pips on last trade, Now I’m back with new idea for next move.
As you can see the gold is dropping since last few days.
Now the trend is bearish according Higher Time Frames and Bullish trend in Lower Time Frames, We will have to follow the Higher Time Frames to find the next move.
The market is creating the trend line buy according to H1,M30 and also respecting the trend line.
Keep in mind the trend is bearish, the gold will drop.
If the price doesn't breaks the 3347, then next move will be around 3284. If the price breaks the 3347 then gold will fly, trend will be change.
Kindly share your ideas and drop positive comments, Thanks.
GOLD BUY In the XAU/USD 2025 Forecast, FXStreet analyst Eren Sengezer suggests Gold’s 2025 outlook depends on Federal Reserve (Fed) policy, Donald Trump’s decisions and geopolitics. A bearish scenario could unfold if geopolitical tensions ease, inflation remains persistent and United States-China trade tensions weaken China’s economy, reducing Gold demand. A hawkish Fed could also pressure prices.
On the bullish side, continued global policy easing, a recovering Chinese economy or escalating geopolitical conflicts could boost safe-haven flows into Gold, supporting its resilience and pushing prices higher.
Gold's technical outlook suggests weakening bullish momentum, with the RSI at its lowest since February and XAU/USD. Key support lies at $2,530-$2,500, with further declines potentially targeting $2,400 and $2,300. On the upside, resistance at $2,900 could limit gains, with additional barriers at $3,000-$3,020 and $3,130 if Gold attempts a new record high.
SUPPORT 3,326
SUPPORT 3,336
SUPPORT 3,350
RESISTANCE 3,306
RESISTANCE 3297
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.
Excellent Profit on my Selling ordersAs discussed throughout my Friday's session commentary: "My position: I am Highly satisfied with recent results and will take early weekend break (no need to Trade more). If however you decide to Trade today, Sell every High's on Gold / no Buying until Monday's session (my practical suggestion)."
I have successfully re-Sold Gold from #3,338.80 with set of Selling orders, first batch I have closed around #3,327.80 Support for the fractal and second batch on #3,320.80 / another Support in extension / Highly satisfied with my Profits. I was aware that if Gold invalidates #3,318.80 Support / #3,310.80 extension can follow my Profit was already great to allow myself to Risk more which can backfire anytime.
Technical analysis: Not a bad start of the Trading week overall as the Price-action followed yesterday's session Gravestone Doji reversal formation into series of Bearish Hourly 4 chart’s candles, Gold is settling for a new Higher Low’s within former Hourly 4 chart’s Descending Channel. Despite this, the Weekly (#1W) candle remains on a (# -1.83%) and mostly Bearish values on my instruments. Daily chart continues to pile heavy Selling pressure on Gold so Technically my Short positions will see their value. The current Price-action is exactly on the Higher Low’s Upper zone as there is significantly more potential on the downside and as a results I do expect #3,300.80 psychological benchmark test as current decline is directly correlated with uptrend extension on DX (# +1.03%) and will most likely close the week in green values.
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.
NFP ON DECK TODAY Gold is currently holding the Range of 3275-3310.
What's possible scanarios we have?
we have NFP data on deck today, expect potential volatility.
Until the release, gold may continue to range between 3275 and 3315.
This trade is totally unexpected how can gold react on numbers.
•If the H4 & D1 chart breaks below 3270, we could see a further drop toward the 3250 zone.
• Ifthe H4 & D1 chart flips above 3310, we could see a further Upside climb the 3335 -3345 zone.
Stay alert. Key levels in play.
#XAUUSD
GOLD - Near Current Resistance? holding or not??#GOLD... so market perfectly holds our expected bottom and bounced back and now market just near to his current Resistance region.
that is around 3328 to 3332
keep close that region because if market hold it in that case we can see again drop towards our ultimate support 3310
NOTE: we will go for cut n reverse above 3332 on confirmation.
good luck
trade wisely
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Great finish to the week with our chart ideas playing out, as analysed.
We completed all our Bullish targets on this chart with ema5 cross and lock confirmation. We were also able to step away today after the final target with no further ema5 cross and lock, confirming the rejection that we are seeing now.
BULLISH TARGET
3356 - DONE
EMA5 CROSS AND LOCK ABOVE 3356 WILL OPEN THE FOLLOWING BULLISH TARGETS
3381 - DONE
EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGET
3404 - DONE
EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3424 - DONE
EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3439 - DONE
We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA alignments, and structure expectations going forward.
Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
Mr Gold
GoldViewFX
Gold Slips After Powell Speech Below 3320 Bearish Pressure BuildGOLD Overview
Market Context:
Gold declined from the 3333 level, as anticipated in yesterday’s analysis, ahead of Fed Chair Powell’s speech. Powell reiterated that it is still too early for rate cuts, citing persistently high inflation, which supported the U.S. dollar and pressured gold.
Technical Outlook:
As long as gold trades below the 3320–3310 zone, the bearish momentum is expected to continue, with the next target at 3285. A confirmed break and stability below 3285 could open the way toward 3255.
To regain bullish traction, the price must stabilize above 3320.
Support Levels: 3285 • 3255
Resistance Levels: 3333 • 3349
XAU/USD) Bearish Trend Read The captionSMC Trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, using a combination of trend lines, EMA, RSI, and price structure.
---
Technical Breakdown:
1. Price Structure:
Gold is forming a rising channel (black trend lines) within a short-term uptrend, but this is happening below the 200 EMA, which generally indicates bearish momentum.
A resistance zone is highlighted near the top of the channel, suggesting sellers might defend this level.
2. Key Level:
Resistance Level: Around 3,330–3,335 zone.
Target Point: Price is expected to break down from the channel and reach support levels near 3,284.35 and 3,282.51.
3. Moving Average (EMA 200):
Current price is below the 200 EMA (3,348.42), reinforcing a bearish bias.
4. RSI (14):
RSI is near 52.58, indicating neutral-to-slightly-overbought territory. No strong divergence is visible, but RSI is not confirming a bullish trend either.
5. Projection (Hand-drawn Path):
The drawn path shows a potential breakdown from the channel with a bearish impulse targeting lower support zones.
Mr SMC Trading point
---
Trade Idea Summary:
Bias: Bearish
Confirmation Needed: Break below channel support
Entry Zone: Near the resistance of the rising channel (~3,330–3,335)
Target Zone: 3,284.35 – 3,282.51
Invalidation: Sustained break above 3,348 (above EMA 200)
plesse support boost 🚀 this analysis)
Continued recovery, positive after NFP news✍️ NOVA hello everyone, Let's comment on gold price next week from 08/04/2025 - 08/8/2025
⭐️GOLDEN INFORMATION:
Gold prices surged over 1.5% on Friday, climbing toward $3,350, as a weaker-than-expected U.S. Nonfarm Payrolls (NFP) report signaled a faster-than-anticipated slowdown in the labor market. Heightened geopolitical tensions between the U.S. and Russia further boosted safe-haven demand for the precious metal.
Following the disappointing July jobs data, markets began pricing in a potential interest rate cut by the Federal Reserve. While the Unemployment Rate held relatively steady, signs of labor market softness supported recent comments from Fed officials Michelle Bowman and Christopher Waller, who advocated for a 25-basis-point rate cut at the July 29–30 meeting.
Additional data added to the cautious sentiment: the ISM’s July report confirmed that U.S. manufacturing activity remains in contraction territory, while consumer confidence took a hit, according to the University of Michigan’s latest survey.
⭐️Personal comments NOVA:
Gold prices continue to be positively affected after last week's NFP news, market expectations of an early rate cut are rising
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $3384, $3434
Support: $3331, $3307, $3268
🔥 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
- The winner is the one who sticks with the market the longest
XAUUSD: Market Analysis and Strategy for July 31stGold Technical Analysis:
Daily chart resistance: 3351, support: 3250
4-hour chart resistance: 3335, support: 3270
1-hour chart resistance: 3315, support: 3290.
Gold was trading sideways between 3320 and 3333 yesterday before the New York market. During the US trading session, the release of US ADP employment figures and PCE price data was bearish for gold, causing it to plummet below Monday's low of 3301. The Federal Reserve held interest rates steady, and Powell's hawkish speech sent gold plummeting to around $3268.
Affected by the news, gold prices fell rapidly yesterday, reaching a low near the lower Bollinger band on the daily chart. It rebounded in the Asian session today, reaching a high near 3315. Selling is recommended in the sideways range between 3310 and 3320. The US PCE data will be released in the New York market, so avoid the news release period.
BUY: near 3290
SELL: near 3270