🔍 Technical Overview
• Support Levels:
o $3,332–$3,335 → Recent reaction low; strong short-term support
o $3,300 → Psychological & historical support zone
o $3,275–$3,280 → Next key support if breakdown occurs
• Resistance Levels:
o $3,365–$3,372 → Key resistance zone; retested multiple times last week
o $3,400 → Major breakout threshold
o $3,434 → Longer-term bullish target
• Indicators:
o RSI: Neutral to mildly bullish
o MACD: Slightly positive
o EMAs: 8 and 21-day EMAs supporting price; 50-day EMA acting as potential resistance

📰 Fundamental Highlights
• Weak USD: Market expectation of Fed rate cuts and trade war tensions have pressured the dollar, supporting gold
• Safe-Haven Demand: Rising global tariff risks (notably US–EU) increasing investor interest in gold as a hedge
• Macro Divergence: Central banks (Fed/ECB) on pause keeps gold attractive in yield-scarce environment

📅 Key Events to Watch
• Wednesday, July 23 – Japan Flash PMIs (global risk sentiment)
• Thursday, July 24 – US Jobless Claims
• Friday, July 25 – US GDP Q2 (prelim) & Durable Goods Orders
• All Week – Trade headlines & Fed commentary

📈 Weekly Outlook & Strategy
🔼 Bullish Scenario
• If price holds above $3,332 and breaks $3,372, look for extension toward $3,400 and possibly $3,434
• Fed dovish tone or weak US data would accelerate upside
🔽 Bearish Scenario
• Break below $3,332 could trigger pullback toward $3,300 and $3,275
• Strengthening USD or calming trade headlines may pressure gold