🟡 Gold (XAUUSD) Technical Analysis
07 Aug 2025
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04 Aug 2025
🟡 Gold Price Holds Bullish Bias Above 100-SMA on H4 – Further Upside Likely
Gold (XAU/USD) appears to be maintaining its bullish momentum as long as it stays above the 100-period Simple Moving Average (SMA) on the 4-hour chart, currently acting as a key support near the $3,338-$3,340 zone.
🔍 Technical Breakdown:
Friday’s breakout above the $3,335 resistance level, followed by sustained strength above the 100-SMA, signals strong bullish intent. Momentum indicators on the H4 timeframe continue to gain traction, suggesting increasing buyer interest on dips.
As long as price holds above the SMA, any minor pullbacks towards the $3,322–$3,320 region are likely to invite fresh buying interest, with $3,300 acting as a critical pivot. A break below this level would tilt the short-term bias in favor of the bears.
📈 Bullish Continuation Levels:
A move above the Asian session high of $3,370 would confirm renewed bullish pressure.
Next targets:
$3,400 – Psychological round number
$3,434–$3,435 – Key resistance zone
$3,500 – All-time high (April 2025)
🔻 Bearish Risk If Support Breaks:
Failure to hold above the 100-SMA could open the door for a deeper correction toward $3,300, with potential to shift sentiment bearish if that level is decisively broken.
📢 Premium Subscribers Already Got This Signal on Friday
This setup was flagged in advance inside our private channel. Join Gold Scalping Signals Premium to access real-time alerts and high-probability setups like this — with sniper entries based on market structure and smart money confirmation.
🔑 Summary Signal
Bias: Bullish above 100-SMA
Entry Zone (Buy on dips): $3,322–$3,338
Targets: $3,370 ➜ $3,400 ➜ $3,435 ➜ $3,500
Invalidation (Bearish below): $3,300
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