TREND
NEUTRAL
Good day traders,
XAUUSD remains range-bound between 3,300 and 3,400 amid subdued momentum and declining volume, suggesting a neutral bias. Key support at 3,320/3,300 and resistance at 3,400/3,425 should guide short-term trades.
Watch U.S. CPI (Aug 12), FOMC minutes, and DXY moves as primary catalysts over the next 24-48 hours.
Risk level: Medium.
Whatโs the market sentiment?
Fear & Greed: 38/100
VIX: 22.5
DXY: 103.2
10Y Yields: 4%
Fed Minutes Show Divided Vote Over Policy Direction
The July FOMC minutes revealed a split among members on future rate moves, suggesting a potential pause in tightening.
Impact: HIGH
U.S. Pending Home Sales Fall
June pending home sales drop 1.5%, highlighting continued housing sector weakness, dampening recession fears.
Impact: LOW
China Manufacturing PMI Slumps in July
Preliminary data showed China's manufacturing PMI fell to 49.5, indicating contraction and potential demand headwinds for commodities.
Impact: HIGH
Middle East Tensions Spike Amid Gaza Violence
Renewed clashes in Gaza have elevated geopolitical risk, boosting safe-haven demand for gold.
Impact: MEDIUM
Consumer Price Index (CPI) | Producer Price Index (PPI) |
Non-Farm Payrolls | Real Interest Rates |
PCE Price Index | Initial Jobless Claims |
Global Interest Rate Environment
Federal Reserve (USD)
5.50%
European Central Bank (EUR)
4%
Bank of England (GBP)
5.25%
Bank of Japan (JPY)
0.10%
Daily Timeframe Analysis
Gold consolidates in a neutral range between 3,300โ3,400 with mild bullish bias as +DI (22.1) sits above โDI (19.7) but ADX (11.3) signals a weak trend. RSI (49.5) and declining volume corroborate the sideways market. Multiple Doji near 3,340 reflect indecision. Key zones at 3,320/3,300 (support) and 3,400/3,425 (resistance).
Key Support
$3,320 / $3,300
Key Resistance
$3,400 / $3,425
Correlation Analysis
Asset | Correlation | Impact |
US Dollar Index (DXY) | -0.78 | Strong Negative |
10-Year Treasury | -0.42 | Moderate Negative |
S&P 500 | +0.30 | Mid Positive |
Bitcoin | +0.20 | Neutral |
GLD ETF Flows (5D) | IAU ETF Flows (5D) |
Central Bank Purchases | COT Net Long Position |
2025-08-01 - FOMC Rate Decision
The Fedโs rate decision and statement will guide market expectations on monetary policy.
HIGH IMPACT
2025-08-01 - US Non-Farm Payrolls
Jobs data release could move USD and gold volatility.
HIGH IMPACT
2025-08-03 - China Caixin PMI
Manufacturing PMI from Caixin to indicate China economic momentum.
MEDIUM IMPACT
๐ CFD Prop Firm: FunderPro (Code: FELIX)
๐ Futures Prop Firm: FunderPro Futures (Code: FELIX)