GOLD TODAYS LEVEL

📈 XAUUSD (Gold Spot) Technical Analysis – Daily Timeframe (D1)

Date: July 2, 2025

🟢 1. Bullish Flag Breakout on the Daily Chart

A bullish flag pattern has successfully formed and broken on the XAUUSD Daily chart. This classic continuation setup signals strong upside momentum. The breakout was confirmed by a bullish candle on July 1st, which closed firmly above the flag’s upper boundary — suggesting the possibility of further upward movement in the coming sessions.

📌 Key Observation: The breakout candle is strong, resembling the size and structure of the prior bullish leg — supporting a continuation bias.

🟡 2. Price Action & Volume

• The July 1st daily candle closed bullishly, reinforcing the flag breakout.

• Volume remains stable, neither overly extended nor declining, which implies a healthy price move with room for expansion.

✅ Analysis A – Bullish Continuation (High Probability)

Given the breakout, the next logical move is a continuation toward resistance in the 3420–3435 zone.
A breakout above this level could signal fresh highs, especially if volume picks up and the next daily candle closes strong.

Potential Setup:

• Buy Entry: 3325

• Stop Loss: 3315

• Target: 3420

If volume increases on July 2nd or 3rd, a break above the trend line resistance around 3435 could mark the beginning of a new bullish leg.

❌ Bearish Case – Low Probability

While current conditions favor bulls, the bearish scenario remains unlikely unless price drops back below the flag’s broken resistance. Only a sustained move under 3315 with strong selling volume would shift bias to bearish.

🔍 4-Hour Chart (H4) Analysis

Short-term patterns suggest a potential double bottom formation around recent lows, followed by a bullish reversal.

📌 If H1 or H4 closes above 3358 with a strong-bodied candle and supportive volume, this will act as an early confirmation of upward continuation.

Intraday Setup:

• Buy Entry: 3325

• Stop Loss: 3315

• Target: 3420

⏱ 30-Minute Chart (M30) Analysis

On the 30-minute chart, gold has rebounded strongly from the lower channel, indicating buyers are defending that zone.

• A break and hold above 3360 will signal a short-term bullish continuation.

• After a brief retest, further upside could follow, despite mild short-term selling pressure seen forming.

📌 Summary

📊 Conclusion:

Gold (XAUUSD) is showing strong bullish structure across multiple timeframes, with a confirmed breakout on the daily chart and supporting signals on H4 and M30. A close above 3360–3365 in the intraday sessions could open the door toward 3420–3435, provided volume confirms the move.