Technical Analysis of Gold

Gold is trading sideways on the daily and 4-hour timeframes, currently hovering around the 3333 level highlighted in the previous report. The yellow metal has bounced higher from the DOB and formed the weekly low near 3300. An IFVG has also developed on the 4-hour chart. Price action is expected to continue the previously noted bullish trend. With no major U.S. data today, movement should remain smooth unless President Trump makes unexpected comments.

Gold Holds Steady under U.S. Tariff Pressure, Fed Minutes Awaited
Gold settled near USD 3,332 per ounce today after the U.S. President announced plans to impose a 25 % tariff on imports from Japan and South Korea starting in August. The trade threat boosted safe-haven demand, yet higher Treasury yields trimmed gains, leaving futures around USD 3,342. China warned Washington against igniting a new dispute and pledged retaliation, while investors look ahead to tomorrow’s FOMC minutes for clues on the rate path.

Liquidity Levels
Prices are expected to keep rising on the 15-minute chart, aiming for buy-side liquidity at 3,365, followed by 3,395. The bullish scenario is invalidated if prices revisit 3,295.