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Despite the potential for a correction, gold still has the potential to strengthen today, Friday, July 11, 2025.
01:00 2025-07-11 UTC--5

XAU/USD, Friday, July 11, 2025.

Although it appears to have corrected due to being held at Resistance 1, the continued strength of XAU/USD's technical and fundamental conditions provides an opportunity for XAU/USD to continue its strengthening.

Key Levels

1. Resistance 2: 3341.12.

2. Resistance 1: 3332.26.

3. Pivot: 3320.93.

4. Support 1: 3312.07.

5. Support 2: 3300.74.

Tactical Scenario

Positive Reaction Zone: If the price correction is halted at the resistance level of 3312.07, there is an opportunity for XAU/USD to strengthen again today, rising to 3341.12.

Momentum Extension Bias: If 3341.12 is successfully broken and closes above it, XAU/USD will continue its strengthening to 3352.45.

Invalidation Level / Bias Revision

Upside bias weakens when the XAU/USD price weakens and breaks through and closes below 3300.74.

Technical Summary

With the 20-EMA forming a golden cross above the 50-EMA and the RSI(14) at the neutral bullish level (63.00), the potential for strengthening in XAU/USD remains solid.

Fundamental Factors Driving Gold Today:

The combination of the trade tariff war from the United States and US Treasury yields, which of course have a positive correlation with the DXY (Dollar Index), are certainly driving the strengthening of XAU/USD today.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.