Xauusd on Thursday
XAUUSD FORECAST THURSDAY 31/07/2025 in 1500 characters
The XAU/USD (Gold/US Dollar) forecast for Thursday, July 31, 2025, suggests a complex market influenced by technical and fundamental factors. As of July 31, 2025, gold prices are around $3,301.68, reflecting a 0.67% daily increase but a 1.25% monthly decline. Technical analysis indicates a neutral to bearish short-term outlook. The price has tested resistance at $3,350, forming a symmetrical triangle, with potential for a breakout either way. Support lies at $3,282–$3,296, while resistance is at $3,365–$3,370. A bearish scenario could see prices drop to $3,250 if support breaks, driven by a stronger US dollar and high bond yields. Conversely, a bullish move toward $3,336.39 is possible if prices hold above $3,300, supported by demand at key levels.Fundamentally, gold faces pressure from Donald Trump’s protectionist policies and new US import tariffs, alongside the Federal Reserve’s decision to maintain interest rates, as noted in recent FOMC minutes. Strong US economic data, like June’s non-farm payrolls, further weighs on prices. However, gold’s safe-haven appeal could strengthen if geopolitical tensions escalate or the Fed signals a dovish shift. Analysts predict prices may reach $3,513–$3,634 by year-end, with some optimistic forecasts at $3,653.60. Short-term volatility is expected, with daily indicators suggesting a “Sell” on the D1 timeframe but a “Buy” on the W1 timeframe. Traders should monitor US economic reports and geopolitical developments closely.
- Gold bears await $4,100 break amid oil-driven Fed hike bets and USD uptick
Gold remains depressed for the fourth straight day amid a combination of negative factors. Oil-driven inflation fears lift December rate hike bets and weigh on the non-yielding bullion. Iran diplomacy hopes act as a headwind for the USD, limiting losses for the precious metal. Gold (XAU/USD) hits a fresh weekly low during the Asian session… Read more: Gold bears await $4,100 break amid oil-driven Fed hike bets and USD uptick - Gold rebounds as Oil reverses sharply on positive US-Iran headlinesGold rebounds from intraday lows as US-Iran diplomatic hopes send Oil prices sharply lower. Expectations of another Fed rate hike before year-end keep Gold’s upside in check. XAU/USD remains below its key daily SMAs, keeping the broader technical outlook bearish. Gold (XAU/USD) reverses earlier losses on Tuesday as positive Middle East headlines trigger a sharp… Read more: Gold rebounds as Oil reverses sharply on positive US-Iran headlines
- Gold extends losses as rising Oil prices reinforce Fed rate hike betsGold falls toward $4,100 as rising energy prices keep inflation concerns elevated. Traders expect another Fed interest rate hike by December, keeping pressure on bullion. XAU/USD remains below its key daily SMAs, keeping the broader technical outlook bearish. Gold (XAU/USD) drifted lower on Tuesday, extending losses for a third consecutive day as rising oil prices… Read more: Gold extends losses as rising Oil prices reinforce Fed rate hike bets
- Euro drops against Canadian Dollar amid wave of protests in Europe
EUR/CAD opened at a bearish gap as violent cost-of-living protests swept across France. Oil prices fell after US President Trump paused Russian fuel export sanctions, pressuring CAD. Markets expect the Bank of Canada to hold interest rates steady at its October meeting. Akhtar FaruquiFXStreet EUR/CAD remains in negative territory after experiencing volatility, trading around 1.5800… Read more: Euro drops against Canadian Dollar amid wave of protests in Europe - Gold rangebound as easing October Fed bets clash with firm December hike pricingGold attracts some buyers on Monday amid receding October Fed hike bets and sliding bond yields. Traders still see around a 90% chance of a December Fed rate hike, which caps the precious metal. Geopolitical tensions lend support to the safe-haven USD, which further keeps a lid on the commodity. Gold (XAU/USD) attracts some buyers… Read more: Gold rangebound as easing October Fed bets clash with firm December hike pricing
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