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Market Recap
Gold prices have been experiencing notable fluctuations recently, influenced by various economic and geopolitical factors. As of July 1, 2025, spot gold is trading at approximately $3,372.01 per ounce, reflecting a recent 1.2% gain but following a sharp correction from the all-time high of $3,500.05. Read more
In the current environment, trading gold requires precision and foresight. For those seeking a reliable platform to capitalize on these opportunities, Exness offers robust tools and competitive spreads to execute XAU/USD trades effectively. Discover Exness
Current Price Action and Trends
Price Level:
Spot gold is trading at $3,372.01, reflecting a recent 1.2% gain but following a sharp correction from the all-time high of $3,500.05. Learn more
Trend:
The market shows consolidative behavior, with bullish momentum paused by profit-taking and dollar strength. A bearish correction from $3,500 to $3,211 occurred in early May due to easing trade tensions and USD recovery. More details
Key Levels:
- Immediate Resistance: $3,372 (current price) and $3,500 (record high)
- Support: $3,200 (psychological level) and $3,211 (recent low)
Long-Term Target:
A sustained breakout above $3,500 could target $3,600, while a breakdown below $3,200 may retrace toward $3,000. Find out more
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Look for a retest of $3,300โ$3,320 (38.2%โ50% Fibonacci retracement of the rally from $3,211 to $3,372). This zone aligns with the 50-period moving average. More info
- Breakout Entry: A close above $3,372 with increased volume could signal a resumption of the uptrend. Confirm with bullish RSI divergence above 60. Details
Risk Management
- Stop Loss (SL): $3,250 (below the 61.8% Fibonacci retracement)
- Take Profit (TP): $3,400โ$3,450 (near resistance zones) Learn more
Key Indicators to Monitor
- RSI: A reading below 50 may indicate oversold conditions, favoring long entries. Watch for divergence during pullbacks. More on RSI
- Moving Averages: The 50-period MA ($3,320) and 200-period MA ($3,000) are critical for trend confirmation. Find out more
Rationale for Strategy
- Bullish Drivers: Safe-haven demand from U.S.-China trade uncertainty and Fed rate cut expectations remain in play. More info
- Volatility: Monitor Federal Reserve policy statements and geopolitical developments, as these often trigger sharp price swings. Read more
Final Advice
- Entry Recommendation: Enter long positions on a pullback to $3,300โ$3,320 with a stop loss at $3,250. Set partial take-profit at $3,400 and let the rest ride toward $3,500 if bullish momentum resumes. More details
- Cautionary Note: Avoid overleveraging. A break below $3,200 would invalidate the bullish thesis, triggering a deeper correction toward $3,000. Read caution advice
- Execution Tip: Use the 5-minute or 15-minute chart to time entries during high-impact economic events (e.g., U.S. Services PMI, Fed meeting minutes). Details here
Always trade with Exness, as their trading conditions and liquidity suit goldโs high volatility profile. Explore Exness
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