Categories: Technical analysis

Gold Wave Analysis – 30 July 2025

Gold: ⬇️ Sell

– Gold falling inside wave b

– Likely fall to support level 3250.00

Gold is under bearish pressure after the price broke the two upward-sloping support trendlines from May and February.

The breakout of these support trendlines accelerated the active short-term correction b – which belongs to the impulse wave 3 from June.

Gold can be expected to fall further to the next round support level 3250.00 (former low of waves 2 and (b) from May and June).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: gold

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