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Jul 08, 2025

XAUUSD chart on the hourly time frame

XAUUSD chart on the hourly time frame

Previously, we wrote; “Gold made a 2nd attempt to push above 3,350, but failed and fell lower towards the 50% retracement of the June rally. 

Holding above this area is critical for Gold to maintain its longer term trend.”

Gold managed to hold its grounds at the 50%-61.8% retracement area (3,290 - 3,300), and rebounded back at the 3,350 key resistance level.  


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