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
Target 2: 3308
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)
Target 1: 3382
Target 2: 3395
Stop Loss: 3350
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.
Gold Consolidates Below $3,365
Gold retreated below $3,365 on Monday, reversing part of Friday’s sharp gains. Volatility followed Powell’s dovish tone at Jackson Hole, which boosted the likelihood of a September rate cut. CME FedWatch placed those odds at 88%, up from 75% before his remarks.
Downside risks for gold remain limited, with easier Fed policy expectations weighing on the US Dollar and keeping the non-yielding metal supported.
Resistance is at $3,374, with support at $3,352.
| R1: 3374 |
S1: 3352 |
| R2: 3420 |
S2: 3310 |
| R3: 3450 |
S3: 3275 |
No doubt the trend of gold is bullish; but I think the daily volume of gold gradually shifting from buy side to sell side! That’s why; right now I’m bearish on sell until the next NY session. Currently, my 1st targeted area is $4313.
Yes, we have reached our sell levels; congratulations to the all sellers!
Gold can bounce back from the current price; it’s in a buy trend.
Gold Rebounds Before Fed Rate Decision
Gold rose to around $3,970 per ounce on Wednesday, snapping its recent decline as attention turned to the Federal Reserve’s expected rate cut later in the day. Markets are awaiting Fed Chair Jerome Powell’s comments for signals on policy direction, with another cut already priced in for December.
Progress in U.S.-China trade talks are being observed with Presidents Trump and Xi reportedly close to finalizing a framework agreement aimed at halting new U.S. tariffs and easing China’s rare earth export curbs.
Despite recent volatility, gold remains on track for a third consecutive monthly gain, up nearly 50% this year, supported by geopolitical tensions, central bank buying, and concerns over currency devaluation.
Technically, support is seen near $3,880, while resistance stands around $4,020.
| R1: 4020 |
S1: 3880 |
| R2: 4120 |
S2: 3790 |
| R3: 4210 |
S3: 3700 |
