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Reading: European session under pressure 3321 continue to short for OANDA:XAUUSD by Allenbrowser-3
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Trading Strategies

European session under pressure 3321 continue to short for OANDA:XAUUSD by Allenbrowser-3

Last updated: July 29, 2025 4:00 pm
Published: 7 months ago
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I reminded everyone last night that if gold holds the 3300 mark, it will consolidate in the 3300-3345 range in the short term. The current gold price basically fluctuates narrowly between 3320-3310. Judging from the daily chart, the short-term upper pressure is at 3330. Only if the daily line stands firmly above 3330, there is a possibility of a rebound upward in the short term. Judging from the hourly chart, gold is still in a downward trend, and the hourly line is blocked near 3321. In the short term, if it cannot break through 3320-3330, gold will continue to fall. You can consider shorting, with the target at 3310-3300. If the European session is still volatile, maintain high shorts and low longs to participate in the cycle.

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