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.
- Euro rises against Pound Sterling as US-Iran diplomacy drives Oil lower
EUR/GBP edges higher as falling Oil prices support the Euro. Hawkish remarks from ECB and BoE officials keep December rate hike expectations in focus. Traders await UK and Eurozone GDP data later this week for fresh economic clues. EUR/GBP trades with a mild bullish bias on Tuesday as falling Oil prices help the Euro (EUR)… Read more: Euro rises against Pound Sterling as US-Iran diplomacy drives Oil lower - Gold sticks to modest losses amid Fed hike bets; holds above $4,100 ahead of US CPI
Gold attracts some sellers on Tuesday as geopolitical risks and Fed hike bets support the USD. The downside seems limited as traders await the release of the US consumer inflation figures. The constructive technical setup backs the case for the emergence of dip-buying at lower levels. Gold (XAU/USD) meets fresh supply on Tuesday, eroding a… Read more: Gold sticks to modest losses amid Fed hike bets; holds above $4,100 ahead of US CPI - Euro holds recent gains with markets focusing on US inflation numbersEUR/USD edges up on Tuesday, reaching levels near 1.1230, after bouncing from 1.1137 on Monday. Oil prices have dropped about 20% in the last week, providing important relief to Eurozone economies. Investors are wary of selling the USD on Tuesday, ahead of the release of the US CPI report. The Euro (EUR) edges up against… Read more: Euro holds recent gains with markets focusing on US inflation numbers
- Gold gains over 1% as as US Dollar pares post-NFP gains, US CPI in focusGold opens the week higher as the US Dollar gives back some of its post-NFP gains. US inflation data and Fed speeches could shift expectations for the December rate decision. XAU/USD shows improving bullish momentum, with the 21-day SMA offering immediate support. Gold (XAU/USD) edges higher during Monday’s American trading hours as a softer US… Read more: Gold gains over 1% as as US Dollar pares post-NFP gains, US CPI in focus
- GBP/USD Price Forecast: Holds firm above 1.3350, but remains capped below key moving average
GBP/USD holds positive ground around 1.3385 in Monday’s early European session. The pair keeps a bearish tone below the 100-day SMA; further consolidation cannot be ruled out with neutral RSI momentum. The first upside target to watch is 1.3395; the initial support level is seen at 1.3355. The GBP/USD pair gathers strength to near 1.3385… Read more: GBP/USD Price Forecast: Holds firm above 1.3350, but remains capped below key moving average
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