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Strumenti
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.
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