The XAU/USD forecast for July 30, 2025, suggests a bearish bias in the short term, with gold trading around $3,329.43. Technical analysis indicates a potential downward correction after testing resistance at $3,344–$3,350, with support levels at $3,300 and $3,280. A break below $3,325 could invalidate bullish setups, targeting $3,312 or lower. Conversely, a breakout above $3,350 may signal bullish momentum toward $3,360–$3,375. The 14-day RSI at 46.10 suggests neutral conditions, while moving averages (50-day SMA at $3,348.90, 200-day SMA at $3,124.44) indicate mixed signals.
The FOMC meeting and Fed Chair Powell’s remarks are key drivers, as a hawkish stance could strengthen the USD, pressuring gold. Geopolitical easing and a stronger USD due to U.S.-EU trade agreements may limit upside. Traders should monitor price action for confirmation, with pivot points at resistance $3,337 and support $3,318. Risk management is crucial due to expected volatility.
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