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- Market Recap
- Current Price Action and Trends
- Price Level:
- Trend:
- Key Levels:
- Support:
- Resistance:
- Long-Term Target:
- Trading Strategy for XAUUSD
- Entry Points
- Pullback Entry:
- Breakout Entry:
- Risk Management
- Stop Loss (SL):
- Take Profit (TP):
- Key Indicators to Monitor
- RSI:
- Moving Averages:
- Rationale for Strategy
- Bullish Drivers:
- Volatility:
- Final Advice
Market Recap
Over the past few days, gold (XAUUSD) has experienced notable fluctuations influenced by global economic developments and market sentiment. On July 23, 2025, gold prices eased slightly, dropping 0.2% to $3,422.95 per ounce, following the announcement of a U.S.-Japan trade agreement that improved global risk appetite. This development reduced the immediate demand for safe-haven assets like gold. However, the decline was capped by a weakened U.S. dollar and falling 10-year Treasury yields, which kept gold attractive to foreign investors. [source]
In response to persistent economic risks and high government debt, HSBC raised its average gold price forecasts for 2025 and 2026. The bank now projects an average price of $3,215 per ounce in 2025, up from $3,015, and $3,125 per ounce in 2026, up from $2,915. This upward revision reflects gold’s role as a reliable safe haven amid ongoing economic uncertainties. [source]
For those interested in trading XAUUSD, it’s advisable to do so through a reputable platform like Exness. You can access their services here: [xauusd.gold]
Current Price Action and Trends
Price Level:
As of July 26, 2025, gold is trading at approximately $3,348.50 per ounce, reflecting a significant increase from recent lows. [source]
Trend:
The medium-term trend appears bullish, with prices recovering from recent dips and approaching key resistance levels. However, the market remains susceptible to rapid shifts due to ongoing economic and geopolitical factors. [source]
Key Levels:
Support:
- $3,300
- $3,250
- $3,200
Resistance:
- $3,400
- $3,450
- $3,500
Long-Term Target:
HSBC’s revised forecast sets a long-term target of $3,215 per ounce for 2025, up from $3,015. [source]
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. [source]
Breakout Entry:
Enter long if the price closes above $3,350, targeting $3,400. [source]
Risk Management
Stop Loss (SL):
Place the stop loss below the recent swing low, around $3,245, to protect against unexpected market reversals. [source]
Take Profit (TP):
Set the first take profit target at $3,366, the immediate resistance level, and consider a second target at $3,400, aligning with long-term bullish forecasts. [source]
Key Indicators to Monitor
RSI:
The Relative Strength Index (RSI) is currently at 55, indicating neutral market conditions. Watch for divergence during pullbacks to identify potential reversal points. [source]
Moving Averages:
The 50-period moving average is at $3,310, providing dynamic support. A crossover above the 200-period moving average at $3,280 would confirm bullish momentum. [source]
Rationale for Strategy
Bullish Drivers:
Safe-haven demand from U.S.-China trade uncertainty and Fed rate cut expectations remain in play. [source]
Volatility:
Monitor Federal Reserve policy statements and geopolitical news for volatility spikes. [source]
Final Advice
Given the current market dynamics, a cautious approach is recommended. Prioritize breakouts above $3,366 with tight stop losses. If entering on pullbacks, ensure the price holds above $3,245. Exit 50% of positions at $3,366 and ride the remainder toward $3,400. Stay informed about Federal Reserve commentary and geopolitical developments, as these can trigger sharp price swings. [source]
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