🟡 Gold (XAUUSD) Market Outlook – 8th July 2025
📰 Overview
Gold is currently consolidating after a bullish recovery from the recent lows. The price has pulled back slightly but continues to trade above key moving averages (EMA 20 and MA 50), suggesting bullish strength remains intact for now.
📊 Current Price: $3335.41
| Indicator | Value |
|---|---|
| EMA 20 | 3322.31 |
| MA 50 | 3322.44 |
| RSI (14) | 58.22 |
| Recent High | 3352.33 |
| Recent Low | 3296.50 |
🔍 Technical Analysis
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RSI is currently at 58.22, indicating moderate bullish momentum, but not overbought.
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Price is above EMA 20 and MA 50, suggesting bullish momentum is dominant.
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Support zone: 3322–3329
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Resistance zone: 3341–3352
✅ Bias: Buy on dips above 3324
Price is holding above the EMA and MA, and RSI is climbing. As long as price remains above 3324, the bias remains bullish.
📌 Trading Levels Table
| Level | Price | Action | Notes |
|---|---|---|---|
| 1 | 3322.44 | Buy | Key support (MA 50), ideal entry on retest |
| 2 | 3332.31 | Buy | EMA 20, intraday support |
| 3 | 3342.71 | Sell | Resistance zone; take partial profits |
| 4 | 3352.33 | Sell | Major resistance; ideal exit/short zone |
📈 Trade Setup Example (For Long Position)
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Buy Entry: 3324.00 – 3330.00 (support zone)
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Stop Loss: Below 3312.00
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Target 1: 3341.00
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Target 2: 3352.00
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Target 3: 3365.00 (extended)
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Risk-Reward Ratio: 1:2 or higher
⚠️ Caution
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Avoid buying if price falls below 3312.88, which would break the bullish structure.
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Watch for RSI divergence or failure at 3352 resistance.
📉 Bearish Scenario
If price breaks and holds below 3322, expect deeper retracement toward 3312.88 and possibly 3296.50. At that point, bias would shift to neutral/bearish.
⏰ Timeframe: 30-Minute Chart
This setup is short-term and ideal for intraday scalpers and short-swing traders.
🌍 Conclusion
Gold remains bullish as long as it holds above the 3322–3324 level. RSI is supportive, and moving averages align for further upside. Watch the 3342 and 3352 levels for resistance — either to book profits or consider a short if a reversal candle forms.
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