08.08.202517:27 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for August 8-11, 2025: sell below $3,407 (21 SMA - 7/8 Murray)

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.

Gold is trading around $3,388, undergoing a technical correction after attempting to break the psychological level of $3,400. Gold is struggling to consolidate above the 7/8 Murray level, as the H4 chart shows several technical corrections below this area.

The support that encourages the instrument's continued rise is located around $3,382, where the 21SMA is located, and is providing bullish momentum. However, a drop below this area could trigger a strong downward acceleration.

If gold resumes its bullish cycle in the coming hours and rebounds above 3,382, it will be seen as an opportunity to continue buying with a target at 3,398. The instrument could eventually reach the 8/8 Murray level at 3,437.

The outlook remains bullish for XAU/USD, so any pullback as long as the price trades above the 6/8 Murray level at 3,359 will be seen as an opportunity to continue buying.

The Eagle indicator is approaching overbought levels, so we should be cautious if the price shows signs of exhaustion, especially around 3,400. The best decision could be to plan short positions.

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.