Total Quality
Score
If You Had Traded on This Analysis…
Fail

XAUUSD
Short Entry
3,356.9000
2025-07-30
04:45 UTC
Target
3,260.0000
Fail
3,370.0000
In 3 Hours
Risk/Reward
1 : 7
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Final PnL
-0.39%
P/L: —
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The analysis covers Gold (XAUUSD) on an hourly chart. It is currently trading around 3328. The market is in a state of recovery but lacks volume, and resistance is around 3350 to 3370, with a selling opportunity at 3370. The analyst underscores that fundamentals, especially the FOMC events, will affect movement, cautioning against relying solely on technical analysis. The article "Gold Steady Ahead of FOMC Decision" suggests little rate changes before the FED conference, therefore, technical levels are emphasized for short-term trades. Analyst recommends selling gold around 3354-50. Support is found around 3300, 3283, and a stronger support at 3260-50. Given current market structure, the advice is to await selling chances to trade with the general negative trend.