Hello everyone! Let’s take a closer look at XAUUSD today.
Gold prices have rallied strongly, breaking above the 3,400 USD level and currently hovering around 3,420 USD — up 1.2% in the past 24 hours, equivalent to a gain of 34.7 USD.
This surge marks the highest level in five weeks, driven by heightened uncertainty surrounding U.S. President Donald Trump's looming August 1 tariff deadline. With tensions rising, gold is likely to remain on an upward trajectory. The immediate resistance stands at 3,420 USD per ounce, while support is seen near 3,350 USD.
Investors are also eyeing next week’s Federal Reserve policy meeting, where rates are expected to stay unchanged — but a rate cut could come as early as October. Meanwhile, the U.S. dollar continues to face renewed pressure heading into August, a factor that may further boost gold’s appeal.
Do you think gold will keep rising from here? Drop your thoughts in the comments — and good luck with your trades!
Gold prices have rallied strongly, breaking above the 3,400 USD level and currently hovering around 3,420 USD — up 1.2% in the past 24 hours, equivalent to a gain of 34.7 USD.
This surge marks the highest level in five weeks, driven by heightened uncertainty surrounding U.S. President Donald Trump's looming August 1 tariff deadline. With tensions rising, gold is likely to remain on an upward trajectory. The immediate resistance stands at 3,420 USD per ounce, while support is seen near 3,350 USD.
Investors are also eyeing next week’s Federal Reserve policy meeting, where rates are expected to stay unchanged — but a rate cut could come as early as October. Meanwhile, the U.S. dollar continues to face renewed pressure heading into August, a factor that may further boost gold’s appeal.
Do you think gold will keep rising from here? Drop your thoughts in the comments — and good luck with your trades!
Trade active
Note
Gold continues to move as analysis, targeting support!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.