Gold Analysis and Trading Strategy | July 30GoldOANDA:XAUUSDGoldTradePro✅ Fundamental Analysis 🔹 Short-Term Decline in Safe-Haven Demand: Recent developments, including the U.S.-EU tariff agreement and the resumption of U.S.-China trade talks, have temporarily eased market tensions, weakening gold's appeal as a safe-haven asset. 🔹 Dollar Rebound Pressures Gold: The U.S. Dollar Index rebounded sharply after a second bottoming attempt, breaking above the key 98.10 resistance level. This strengthened pressure on gold and limited its upward potential. 🔹 FOMC Rate Decision in Focus: The Federal Reserve will announce its interest rate decision today. The market’s focus is on whether a signal for a potential rate cut in September will be delivered. If the statement is hawkish, downplaying the chances of a rate cut, the dollar may strengthen further, possibly pushing gold to test support near $3300. If the Fed adopts a dovish tone or hints at a September rate cut, it may trigger a breakout above the $3350 resistance level. 🔹 Key U.S. Economic Data Ahead: Today also brings the release of ADP employment data and the Q2 GDP revision. If GDP growth exceeds expectations (>2.0%), it may strengthen the case for prolonged higher interest rates, which would be bearish for gold. If data disappoints, it could reinforce dovish expectations and support a rebound in gold prices. ✅ Technical Analysis 🔸 Gold continues to fluctuate within the $3333–$3320 range, reflecting a market in wait-and-see mode ahead of the Fed decision. 🔸 Short-term price action still favors the bearish side, but strong support below and persistent geopolitical risks are offering some downside protection for gold. 🔴 Resistance Levels: 3355 / 3375 / 3380 🟢 Support Levels: 3310 / 3300 / 3280 ✅ Trading Strategy Reference: 🔰 If the price rebounds to the 3355–3365 zone, consider light short positions ⛔Stop-loss: Above 3380 🎯 Target: Around 3320 🔰 If the price pulls back and stabilizes around 3310–3300, consider short-term long positions ⛔ Stop-loss: Below 3285 🎯 Target: 3340 🔰 If the price breaks below 3300, bearish momentum may extend toward 3280 🔰 If the price breaks above 3355, the bearish structure will likely fail, and gold may resume its upward trend ✅ With the market entering a high-impact news period at month-end, volatility is expected to increase significantly. Traders should set stop-losses strictly and manage position sizes carefully to mitigate the risks of sudden market moves.