🟡 XAUUSD Daily Market Analysis—July 24, 2025
- Neom
- Jul 24
- 3 min read
Introduction
The gold market remains a focal point for investors and traders alike, particularly in the context of fluctuating economic conditions and currency valuations. As of today, the live price of gold (XAUUSD) stands at 3379 USD. This detailed market analysis will cover the daily and 4-hour timeframes, utilizing various technical indicators such as Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, and more.
Market Analysis
Support & Resistance Levels
Daily Timeframe
Support Levels:
First Support: 3309 (Swing Low)
Second Support: 3350
Third Support: 3360
Resistance Levels:
First Resistance: 3365 (Swing High)
Second Resistance: 3380
Third Resistance: 3400
4-Hour Timeframe
Support Levels:
First Support: 3315
Second Support: 3350
Third Support: 3360
Resistance Levels:
First Resistance: 3370
Second Resistance: 3385
Third Resistance: 3395
Fibonacci Retracement Levels
Using the Fibonacci retracement tool, we identify key levels based on the recent swing high and low:
Retracement Levels:
23.6%: 3345
38.2%: 3325
61.8%: 3300
These levels provide insight into potential reversal points and areas of interest for traders.
Exponential Moving Averages (EMA)
Daily Timeframe
EMA 50: 3350
EMA 100: 3340
EMA 200: 3310
EMA 400: 3280
4-Hour Timeframe
EMA 50: 3360
EMA 100: 3355
EMA 200: 3345
EMA 400: 3330
The EMAs indicate the overall trend direction and potential support/resistance areas.
RSI Divergence
The Relative Strength Index (RSI) is currently showing divergence on the daily timeframe. As the price approaches the swing high of 3365, the RSI indicates weakening momentum, suggesting a potential reversal or correction in the near term. Traders should monitor this closely.
Order Blocks
Order blocks are significant areas where institutional buying or selling has occurred. On the daily timeframe, a notable order block is present around 3350-3360, where price has previously reacted. This zone may act as a support area if tested again.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator is currently bullish, with the MACD line above the signal line. However, if the price approaches the resistance level at 3365, a potential bearish crossover could signal a shift in momentum.
Summary of Key Levels
Daily Support and Resistance
Support: 3309, 3350, 3360
Resistance: 3365, 3380, 3400
Exponential Moving Average (EMA) Levels
Daily EMA:
EMA 50: 3350
EMA 100: 3340
EMA 200: 3310
EMA 400: 3280
4-Hour EMA:
EMA 50: 3360
EMA 100: 3355
EMA 200: 3345
EMA 400: 3330
Weekly Pivots
Weekly Pivot Points:
Pivot: 3350
Resistance 1: 3370
Support 1: 3330
Daily Pivots
Daily Pivot Points:
Pivot: 3360
Resistance 1: 3380
Support 1: 3340
Fibonacci Retracement Levels
23.6%: 3345
38.2%: 3325
61.8%: 3300
Fundamental Analysis: Upcoming USD News
As we move through July, it is crucial to remain aware of upcoming USD news that could impact gold prices. Key economic indicators to watch include:
Federal Reserve Interest Rate Decision: Scheduled for the end of the month, this decision will significantly influence the USD's strength and, consequently, gold prices.
Non-Farm Payrolls (NFP): The next NFP report will be released soon, providing insights into the labor market and potentially impacting market sentiment.
Consumer Price Index (CPI): The upcoming CPI report will shed light on inflation trends, which are critical for gold traders.
These economic indicators will play a vital role in determining market direction and should be closely monitored.
Conclusion
In summary, today's analysis of the XAUUSD market highlights critical support and resistance levels, key technical indicators, and upcoming economic events that could influence gold prices. Traders should remain vigilant and consider these factors in their trading strategies.
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