XAUUSD Technical Analysis

XAUUSD Technical Analysis – Neal Bhai (29 August 2025)

XAUUSD Technical Analysis August 29, 2025 12:35 PM By Neal Bhai: XAUUSD upside impulse now picks up pace on Thursday, lifting the yellow metal to new five-week highs around the $3,423 mark per troy ounce. Indeed, the precious metal gathers extra steam bolstered by intense weakness in the Greenback, mixed US yields, and incresaing bets of a rate cut by the Fed in September 2025.

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Gold Outlook: Investors await US tariff headlines, NFP

Gold price retreats from monthly top as modest USD strength prompts profit-taking

Gold price (XAU/USD) retreats from its highest level since June 16, around the $3,439 region touched during the Asian session on Wednesday, and for now, seems to have snapped a three-day winning streak. The global risk sentiment gets a fresh boost after US President Donald Trump announced a trade deal with Japan. This, in turn, undermines the safe-haven precious metal and prompts some profit-taking amid a modest US Dollar (USD) recovery.

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