Gold Trading Strategy XAUUSD July 31, 2025Yesterday's trading session, after breaking the rising price channel in the 3318 - 3320 area, the gold price fell sharply to the 3269 area.
Basic news: US Treasury yields fell and the weak US labor market report could boost investor demand. Data released by the US Department of Labor on Tuesday showed that the number of new jobs fell in June after 2 consecutive months of increase. Today, the Federal Reserve will announce a new interest rate decision.
Technical analysis: The rising price channel in the H1 frame was broken, and the gold price immediately fell sharply. Currently, the downtrend of gold is still maintained. The MA lines are still resistance for gold prices.
Important price zones today: 3300 - 3305, 330 - 3325 and 3267 - 3272.
Today's trading trend: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 3303 - 3305
SL 3308
TP 3300 - 3290 - 3280 - 3270.
Plan 2: SELL XAUUSD zone 3323 - 3325
SL 3328
TP 3320 - 3310 - 3290 - 3280.
Plan 3: BUY XAUUSD zone 3267 - 3269
SL 3264
TP 3272 - 3282 - 3292 - 3302 (small volume).
Wish you a safe, favorable and profitable trading day.🌟🌟🌟🌟🌟
