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Market Recap
Gold prices have recently experienced significant volatility, influenced by geopolitical tensions and economic policies. On July 14, 2025, gold reached a three-week high, with spot gold steady at $3,354.83 per ounce after peaking earlier in the session. This surge was driven by increased safe-haven demand following U.S. President Donald Trump’s threat to impose a 30% tariff on imports from the European Union and Mexico. (reuters.com)
In the past few days, gold has been trading within a range, with support around $3,250 and resistance near $3,366. The market sentiment remains bullish, supported by ongoing trade tensions and expectations of potential Federal Reserve rate cuts. (xauusd.gold)
For trading XAUUSD, it’s advisable to use a reliable platform like Exness.
Current Price Action and Trends
Price Level:
As of July 14, 2025, spot gold is trading at approximately $3,354.83 per ounce, reflecting a three-week high. (reuters.com)
Trend:
The prevailing trend is bullish, with gold prices experiencing a significant rally due to heightened global economic uncertainty and geopolitical tensions. (xauusd.gold)
Key Levels:
- Support: $3,250
- Resistance: $3,366
- Long-Term Target: $3,500
Support:
The $3,250 level has acted as a significant support, where buying interest has previously emerged, preventing further downside movement. (xauusd.gold)
Resistance:
The $3,366 level serves as immediate resistance, with the $3,500 mark representing a longer-term target, potentially achievable if bullish momentum strengthens. (xauusd.gold)
Long-Term Target:
A sustained break above $3,366 could pave the way for gold to test the $3,500 level, aligning with bullish forecasts from institutions like HSBC, which raised its average 2025 gold price forecast to $3,015 per ounce, citing geopolitical risks. (xauusd.gold)
Trading Strategy for XAUUSD
Entry Points
- Pullback Entry: Consider entering long positions on a pullback to the $3,300β$3,320 zone, aligning with the 50-period moving average and the 38.2%β50% Fibonacci retracement levels. (xauusd.gold)
- Breakout Entry: A close above $3,372 with increased volume could signal a resumption of the uptrend. Confirm with bullish RSI divergence above 60. (xauusd.gold)
Risk Management
- Stop Loss (SL): Place a stop loss at $3,250, just below the 61.8% Fibonacci retracement level, to protect against potential downside risks. (xauusd.gold)
- Take Profit (TP): Set partial take-profit levels at $3,400 and $3,450, near the next resistance zones, to secure profits as the price approaches these levels. (xauusd.gold)
Key Indicators to Monitor
- RSI: Monitor the Relative Strength Index for overbought or oversold conditions. A reading below 50 may indicate oversold conditions, favoring long entries. (xauusd.gold)
- Moving Averages: The 50-period moving average at $3,320 and the 200-period moving average at $3,000 are critical for trend confirmation. (xauusd.gold)
Rationale for Strategy
- Bullish Drivers: Safe-haven demand from U.S.-China trade uncertainty and expectations of Federal Reserve rate cuts remain in play. (xauusd.gold)
- Volatility: Monitor Federal Reserve policy statements and geopolitical developments, as these often trigger sharp price swings. (xauusd.gold)
Final Advice
When trading XAUUSD, it’s crucial to stay informed about both technical indicators and fundamental factors. Given the current market conditions, consider entering long positions on pullbacks to key support levels, with a clear risk management plan in place. Always monitor key indicators like RSI and moving averages to confirm your trading decisions. Remember, while the potential for profit exists, it’s essential to trade responsibly and be prepared for market volatility.
Trade XAUUSD in Exness
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