empty
30.07.2025 07:08 AM
Trading Signals for GOLD (XAU/USD) for July 30-31, 2025: buy above $3,320 (21 SMA - 5/8 Murray)

This image is no longer relevant

Gold is trading around 3,332, recovering after having reached the key level of $3,300. Gold is expected to climb to the 7/8 Murray level around 3,398 in the coming days.

Gold is showing positive signs, so any pullback, as long as the gold price remains above the 5/8 Murray level, will be seen as a buying opportunity with targets at 3,342, 3,359, and eventually 3,398.

A break below 3,320 could revive the bearish cycle, and we could expect gold to fall toward the important support level of the 4/8 Murray level located at 3,281.

A sharp breakout of the downtrend channel and consolidation above $3,340 could signal a recovery for gold, potentially reaching the psychological level of $3,500 in the short term.

Key support levels are located at 3,320, 3,300, and 3,281, the latter being located at 4/8 of the Murray line.

Immediate resistance levels are 3,333, 3,342, and 3,359, the latter representing 6/8 of the Murray line, which is a strong barrier.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forecast for EUR/USD on August 18, 2025

On Friday, the EUR/USD pair rebounded from the support zone of 1.1637–1.1645, turned in favor of the euro, and consolidated above the 76.4% retracement level at 1.1695. Thus, growth

Samir Klishi 12:28 2025-08-18 UTC+2

GBP/USD. August 18th. The Dollar Lacks Support

On the hourly chart, GBP/USD on Friday performed a corrective pullback toward the 100.0% retracement level at 1.3586. However, the last trading signal was formed on Thursday — a rebound

Samir Klishi 12:23 2025-08-18 UTC+2

EUR/USD. Analysis and Forecast

At the moment, the pair is at the round level of 1.1700, near last week's high. Friday's engulfing pattern indicates that the pair is poised for growth with some correction

Irina Yanina 12:18 2025-08-18 UTC+2

GBP/USD. Technical Analysis for the Week of August 18–23

Last week, the pair moved upward and tested the historical resistance level of 1.3579 (blue dashed line), after which the price pulled back slightly and closed the weekly candle

Stefan Doll 11:42 2025-08-18 UTC+2

EUR/USD. Technical Analysis for the Week of August 18–23

Last week, the pair moved upward and tested the 14.6% retracement level at 1.1717 (blue dashed line), closing the weekly candle at 1.1704. In the upcoming week, the price

Stefan Doll 11:02 2025-08-18 UTC+2

GBP/USD. Indicator Analysis on August 18, 2025

On Friday, the pair moved upward, falling just short of the upper fractal at 1.3593 (yellow dashed line), after which the price moved downward and closed the daily candle

Stefan Doll 10:57 2025-08-18 UTC+2

EUR/USD. Indicator Analysis on August 18, 2025

On Friday, the pair, moving upward, tested the upper fractal at 1.1715 (daily candle of August 14, 2025), after which the price pulled back slightly and closed at 1.1704. Today

Stefan Doll 10:41 2025-08-18 UTC+2

Forex forecast 18/08/2025: EUR/USD, USD/CAD, USD/JPY, GBP/USD, SP500 Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:22 2025-08-18 UTC+2

EUR/USD Forecast for August 18, 2025

The talks between Vladimir Putin and Donald Trump in Anchorage ended on a neutral note. Some agreements were likely reached, but any breakthrough lies in the future. Energy markets, being

Laurie Bailey 04:57 2025-08-18 UTC+2

GBP/USD Forecast for August 18, 2025

The British pound closed Friday with gains, and Monday opened with continued optimism. As noted earlier, the pound has been moving simultaneously within several ranges. Now we see a rebound

Laurie Bailey 04:57 2025-08-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.