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16.07.2025 07:05 AM
Trading Signals for GOLD (XAU/USD) for July 17-20, 2025: buy above $3,300 (21 SMA - 5/8 Murray)

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Gold is trading around $3,334 above the 200 EMA, showing a positive bias after bouncing off the weekly low of 3,320 at the 5/8 Murray level.

If gold consolidates above the 200 EMA, located at $3,329, the outlook could be positive, and we could expect it to reach the 6/8 Murray level at $3,359 and even the key 7/8 Murray level at $3,398.

On the other hand, this area could be broken, and we could expect gold to reach the support of the uptrend channel formed on June 30th around $3,300. This level could be seen as an opportunity to resume buying with targets at 3,359, around the 6/8 Murray level.

If gold consolidates above $3,360 in the coming days, it is likely to reach the psychological level of $3,500 in the short term.

On the other hand, if the price consolidates below $3,300, the outlook could be negative, and we could expect it to reach 3/8 Murray at $3,241, and even the $3,200 level could seem closer.

The eagle indicator is showing a positive signal. However, there is bearish pressure, so we must be cautious, as gold could continue its fall in the coming days. A technical rebound is also likely, as a support area provides a buying opportunity.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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