[GOLD July 19, 2025]

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Market Recap

Over the past few days, gold prices have experienced modest fluctuations, primarily influenced by a strengthening U.S. dollar and robust economic data. On July 18, 2025, gold prices remained relatively stable, trading at $3,339.20 per ounce, but were on track for a 0.5% weekly decline. This trend was largely due to a stronger U.S. dollar and positive U.S. economic indicators, such as a 0.6% rise in June retail sales and a decrease in jobless claims to 221,000. Source

For those interested in trading XAUUSD, it’s advisable to use a reliable platform like Exness. You can access their services here: Exness.

Current Price Action and Trends

Price Level:

As of July 19, 2025, gold is trading at approximately $3,339.20 per ounce.

Trend:

The market is exhibiting a bearish trend, with prices below key moving averages and recent support levels.

Key Levels:

Support:

• $3,310
• $3,280
• $3,250

Resistance:

• $3,350
• $3,365
• $3,400

Long-Term Target:

Analysts predict that gold prices could reach $3,500 per ounce within the next two years, driven by ongoing economic uncertainties and central bank policies. Source

Trading Strategy for XAUUSD

Entry Points

Pullback Entry:

Consider entering a short position if gold retraces to the $3,350 resistance level and shows signs of rejection, such as a bearish candlestick pattern.

Breakout Entry:

Alternatively, a breakout below the $3,310 support level could signal a continuation of the bearish trend, presenting an opportunity to enter a short position.

Risk Management

Stop Loss (SL):

Place a stop loss above the $3,365 resistance level to limit potential losses in case of a market reversal.

Take Profit (TP):

Set a take profit target at the $3,250 support level, aligning with the next significant support zone.

Key Indicators to Monitor

RSI:

The Relative Strength Index (RSI) is currently around 55, indicating moderate bearish momentum. A reading below 30 would suggest oversold conditions, potentially signaling a reversal.

Moving Averages:

The 50-day Exponential Moving Average (EMA) is at $3,310, and the 200-day EMA is at $3,280, both above the current price, reinforcing the bearish trend.

Rationale for Strategy

Bullish Drivers:

While the current trend is bearish, potential bullish drivers include:

• A weaker U.S. dollar due to dovish Federal Reserve policies.
• Increased geopolitical tensions leading to higher demand for gold as a safe-haven asset.

Volatility:

The market is expected to remain volatile, influenced by upcoming economic data releases and geopolitical developments.

Final Advice

Given the current bearish trend and the proximity to key support and resistance levels, it’s prudent to adopt a cautious approach. Monitor the market closely for signs of trend reversal or continuation, and adjust your trading strategy accordingly. Always ensure that your risk management practices are in place to protect your capital.