08 Aug 2025
🚨 Gold Update: Bulls Eye $3,500 Again? 📈
Gold (XAU/USD) is holding strong near the $3,400 level despite a modest pullback this Friday. Traders are locking in profits after recent gains — but smart money sees more upside ahead.
🔸 Trade war tensions rise after Trump’s new tariffs on India 🇮🇳
🔸 Fed rate cut expectations climb 🚨 (90% chance in Sept)
🔸 China buys more Gold for 9th straight month 🏦
🔸 US job market shows signs of slowing 📉
Technicals:
Gold broke above key resistance at $3,385 and is now eyeing $3,422 — and possibly even $3,500 💥. The bullish structure remains intact, and dip-buyers are stepping in near $3,380.
👉 If this momentum holds, we could see a breakout to new all-time highs.
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