XAUUSD (Gold) Daily Technical Analysis – July 16, 2025
Timeframe: M30
Current Price: 3339.66
Bias: Neutral-to-Bearish
Key Focus: Breakout or Rejection at Resistance Zone
Market Overview:
Gold (XAUUSD) is currently trading around 3339 after a volatile session over the last few days. Price has formed a double-top structure near 3368 and rejected sharply, indicating seller dominance around that level. A series of lower highs is also visible on the M30 chart, suggesting weakening bullish momentum.
Technical Levels to Watch:
Major Resistance Zone: 3358 – 3368
Minor Resistance: 3348
Current Zone: 3339
Immediate Support: 3325
Strong Support Zone: 3305 – 3310
Trade Setup Ideas for Today:
Sell Setup:
Sell Limit: 3348 – 3355
Target 1: 3325
Stop Loss: 3365
Reason: Price is retesting the previous supply zone. A bearish engulfing or pin bar in this area will confirm seller strength. Use confirmation candlestick patterns on M15-M30 before entering.
Buy Setup (Only if breakout happens):
Buy Stop: Above 3368 (after 15min candle close)
Reason: Clean breakout and retest of 3368 level can invite bulls again. Volume and momentum must support the breakout.
Summary:
We are currently at a decision zone. Market is likely to reject from 3348–3355 for a short-term sell opportunity unless we see a strong breakout above 3368. Watch price action closely in that area.
Trading Tip of the Day:
“Don’t chase the trade, let the trade come to your level.” – Wait for confirmation before entry. Follow proper risk management.
