11.07.202508:00 Forex Analysis & Reviews: Despite the potential for a correction, gold still has the potential to strengthen today, Friday, July 11, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

XAU/USD, Friday, July 11, 2025.

Although it appears to have corrected due to being held at Resistance 1, the continued strength of XAU/USD's technical and fundamental conditions provides an opportunity for XAU/USD to continue its strengthening.

Key Levels

1. Resistance 2: 3341.12.

2. Resistance 1: 3332.26.

3. Pivot: 3320.93.

4. Support 1: 3312.07.

5. Support 2: 3300.74.

Tactical Scenario

Positive Reaction Zone: If the price correction is halted at the resistance level of 3312.07, there is an opportunity for XAU/USD to strengthen again today, rising to 3341.12.

Momentum Extension Bias: If 3341.12 is successfully broken and closes above it, XAU/USD will continue its strengthening to 3352.45.

Invalidation Level / Bias Revision

Upside bias weakens when the XAU/USD price weakens and breaks through and closes below 3300.74.

Technical Summary

With the 20-EMA forming a golden cross above the 50-EMA and the RSI(14) at the neutral bullish level (63.00), the potential for strengthening in XAU/USD remains solid.

Fundamental Factors Driving Gold Today:

The combination of the trade tariff war from the United States and US Treasury yields, which of course have a positive correlation with the DXY (Dollar Index), are certainly driving the strengthening of XAU/USD today.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.