XAUUSD – Market Stays Flat Despite Trump’s Super BillXAUUSD – Market Stays Flat Despite Trump’s Super Bill, Is Gold Quietly Building Momentum?
Gold has entered a narrow consolidation phase after a series of strong macroeconomic catalysts — including the passing of Trump’s Super Bill by the U.S. House of Representatives. But instead of rallying immediately, gold remains flat... and that silence could be louder than it seems.
📰 Macro Recap – Good for USD, Bad for Gold?
The approved Super Bill may weaken the U.S. dollar in the medium term due to rising fiscal deficits. But for now, the market is skeptical, and gold is not reacting as expected.
Meanwhile, the NFP and Unemployment Rate (UR) data came in surprisingly strong last night, reinforcing the possibility that Fed rate cuts may be delayed → A short-term bearish pressure on gold.
With the U.S. Independence Day holiday, market liquidity will likely remain low today, increasing the risk of fake breakouts or stop-hunting volatility.
❗ “No immediate rally doesn’t mean no rally at all.” A retracement to the 3.2xx zone could offer an ideal entry for medium-term longs.
📉 Technical Outlook – XAUUSD
Price has broken above the recent short-term downtrend line and is now testing a critical supply zone around 3344–3345, which may determine today’s intraday direction.
🔍 Key Levels
Major Resistance: 3345 – 3362 – 3374 – 3388 – 3390
Major Support: 3330 – 3312 – 3304 – 3302 – 3298
🟢 Bullish Strategies (Buy Setups)
🔹 BUY Scalp Zone:
3313 – 3311
SL: 3307
TP: 3316 – 3320 – 3325 – 3330 – 3335 – 3340 – 3345 – 3350
🔹 Deep BUY Zone:
3304 – 3302
SL: 3298
TP: 3308 – 3312 – 3316 – 3320 – 3330 – 3340
These zones align with EMA confluence and potential FVG retracements – a solid setup for trend continuation.
🔴 Bearish Strategies (Short-Term Only)
🔹 SELL Scalp Zone:
3362 – 3364
SL: 3368
TP: 3358 – 3354 – 3350 – 3346 – 3340 – 3335 – 3330
🔹 Upper SELL Zone:
3388 – 3390
SL: 3394
TP: 3384 – 3380 – 3376 – 3370 – 3365 – 3360
Consider shorting only with confirmation patterns or bearish signals from lower timeframes.
🧠 Market Sentiment Today
The market seems to be in a wait-and-see mode, consolidating between 3320 – 3340 as traders digest recent macro data. A breakout is likely after the U.S. holiday ends.
Primary Scenario: Look to BUY on deeper pullbacks into support zones.
Alternate Scenario: SELL only for intraday scalps when price rejects key resistance.
💬 What’s Your Take?
Is gold silently accumulating strength for a breakout above 3390?
Or are we about to witness a deeper correction in the coming sessions?
👇 Share your thoughts in the comments and let's discuss it together!
