XAUUSD Gold Trading Strategy August 7, 2025:
Gold prices are steady as US President Donald Trump has imposed an additional 25% tariff on Indian goods due to India's continued purchases of Russian energy. This new measure raises the current 25% tariff on Indian goods to 50%.
Fundamental news: The current market pulse is still mainly revolving around the tariff story initiated by Trump, in which spot gold is trading in a fairly narrow range. Gold is still waiting for further impact from the Fed's interest rate cut process, a weaker dollar will create support for non-yielding gold.
Technical analysis: The trading range of gold prices is currently narrowing, RSI on H1 and H4 frames is approaching the overbought zone. Gold prices have recovered, but resistance zones such as 3400 - 3405 and 3420 - 3425 can be short-term profit-taking areas for investors. Liquidity zones and Fibonacci frames show that the upward force of gold prices is showing signs of slowing down.
Important price zones today: 3373 - 3378, 3400 - 3405 and 3420 - 3425.
Trading trend today: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3402 - 3404
SL 3407
TP 3399 - 3390 - 3380 - 3360 - OPEN.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3410 - 3390 - 3370 - OPEN.
Plan 3: BUY XAUUSD zone 3373 - 3375
SL 3370
TP 3378 - 3388 - 3400 (small volume).
Wishing you a safe, successful and profitable trading day.💗💗💗💗💗
Gold prices are steady as US President Donald Trump has imposed an additional 25% tariff on Indian goods due to India's continued purchases of Russian energy. This new measure raises the current 25% tariff on Indian goods to 50%.
Fundamental news: The current market pulse is still mainly revolving around the tariff story initiated by Trump, in which spot gold is trading in a fairly narrow range. Gold is still waiting for further impact from the Fed's interest rate cut process, a weaker dollar will create support for non-yielding gold.
Technical analysis: The trading range of gold prices is currently narrowing, RSI on H1 and H4 frames is approaching the overbought zone. Gold prices have recovered, but resistance zones such as 3400 - 3405 and 3420 - 3425 can be short-term profit-taking areas for investors. Liquidity zones and Fibonacci frames show that the upward force of gold prices is showing signs of slowing down.
Important price zones today: 3373 - 3378, 3400 - 3405 and 3420 - 3425.
Trading trend today: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3402 - 3404
SL 3407
TP 3399 - 3390 - 3380 - 3360 - OPEN.
Plan 2: SELL XAUUSD zone 3423 - 3425
SL 3428
TP 3420 - 3410 - 3390 - 3370 - OPEN.
Plan 3: BUY XAUUSD zone 3373 - 3375
SL 3370
TP 3378 - 3388 - 3400 (small volume).
Wishing you a safe, successful and profitable trading day.💗💗💗💗💗
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.