📊 Gold records its largest monthly gain

Gold (XAU) prices rose towards $3,400 on Monday, as markets stayed cautious ahead of U.S. President Donald Trump's tariff deadline on 1 August.

👉 Possible effects for traders

Gold rises as the U.S. dollar (USD) weakened further amid Trump's ongoing trade battles and market concerns that he may seek to exert control over U.S. monetary policy. Trump has threatened to dismiss Federal Reserve (Fed) Chair Jerome Powell, seeking to pressure the central bank into cutting interest rates despite persistent inflation concerns.

Meanwhile, U.S. Treasury Secretary Scott Bessent stated the need to review the entire Fed as an institution. 'Talk of earlier-than-expected U.S. rate cuts is building, with speculation around a possible replacement of Fed Chair Jerome Powell and reshaping of the Fed adding to market jitters', said David Meger, Director of Metals Trading at High Ridge Futures. In this environment of low rates and heightened uncertainty, gold typically performs well as a reliable hedge.

XAUUSD fell slightly during the Asian and early European trading sessions. Investors await Fed Chair Jerome Powell's speech today at 12:30 p.m. UTC for more clues on the U.S. interest rate path. Key levels to watch are resistance at $3,400 and support at $3,370.

#economic_calendar

This event may affect the market on 23 July.

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This event may affect the market on 24 July.

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XPDUSD continued surging and broke the previous high at around 1225. The price currently consolidates within the range of 1225-1287 with bullish EMAs, showing potential for an upward continuation.

If XPDUSD fails to break above 1287, the price may continue to consolidate within the range.

On the contrary, if XPDUSD falls below 1225, the price may return to EMA21 before further dipping to 1162.

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📊 Gold drops further on trade deals optimism

Gold (XAU) hovered below $3,400 on Wednesday, declining by over 1%, as optimism about further trade deals between the U.S. and key partners weighed on the metal's safe-haven appeal.

👉 Possible effects for traders

The U.S.–Japan trade deal contributed to XAUUSD's decline as it boosted risk appetite, reducing demand for safe-haven assets like gold. The EU is also progressing towards a trade agreement with Washington. The deal would impose a broad 15% tariff on EU goods entering the U.S., instead of a steeper 30% levy scheduled to take effect on 1 August. The tariff, which could also apply to cars, would mirror the framework of a similar U.S.–Japan agreement.

However, caution remained amid ongoing threats of 15% to 50% tariffs on countries such as South Korea and India, which are still negotiating deals. Traders are also awaiting clarity on negotiations with China, as U.S. Treasury Secretary Bessent will meet Chinese officials next week. On the monetary policy front, markets are focused on next week's Federal Reserve (Fed) meeting. Markets expect the Fed to keep interest rates unchanged, with potential cuts anticipated in October.

Investor demand for gold has been strong recently, as U.S. tariff threats have raised concerns about a potential slowdown in global economic growth. Geopolitical tensions, such as ongoing conflicts in the Middle East and Russia–Ukraine, continue to bolster gold's safe-haven appeal. XAUUSD could remain in a consolidation phase until there is clarity on the tariffs front or a clearer dovish signal from the Fed. The key levels to watch are support at $3,360 and resistance at $3,440. A break above the resistance level could start a longer-term uptrend continuation. A decline below the support level could trigger a major sell-off, as investors may continue to cover their profits.

#economic_calendar

This event may affect the market on 25 July.

You either rise with results or sink with regrets. The choice is always yours.

📉 After Bitcoin’s drop, is this a correction and a buying opportunity — or the start of a major decline?

BTCUSD recently dropped from its all-time high near $123,000 down to the current level around $115,000.

🔍 The chart shows Bitcoin is moving within a narrow upward channel, approaching a strong support zone — the same level that previously acted as resistance.

❓ What’s your take:

Will it continue dropping and break this support?

Or is this zone the launchpad for a new rally?