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.
Gold Correction
Today Gold holds above $3,400 amid Fed bets and political pressure
Gold (XAU/USD) stays firm at $3,397 despite US Dollar recovery. Fed policy, US economic data, and global cues drive bullion. Here’s what Indian investors should know.
Gold Prices Rise or Down in September | Gold Price Forecast 2025
Gold Prices Rise or Down in September : MCX Gold ended the previous session on a firm note as prices gained close to 1%, advancing by more than 800 points. The move came after Fed Chair Jerome Powell adopted a dovish stance on monetary policy, reinforcing expectations of rate cuts and boosting demand for the yellow metal.
Today MCX Gold Strong Hurdle is ₹1,02,100
MCX Gold is currently facing a strong resistance (hurdle) at the ₹1,02,100 level. This price point is acting as a crucial hurdle, and a breakout above it could signal further bullish momentum.
MCX Gold Ready For Big Move 3,000 to 5,000 Points (For our Premium Members)
MCX Gold Futures Tip For our Premium Members:
XAU/USD firms near $3,300 as trade woes resurface ahead of August 1 tariff deadline
XAU/USD price rebounds sharply on Thursday after falling to a one-month low of $3,268 on Wednesday, pressured by stronger-than-expected US data and the Federal Reserve (Fed) decision to keep interest rates unchanged. However, safe-haven demand has since resurfaced, with buyers stepping in to drive a swift recovery.
XAU/USD Price remains range-bound between $3,300 and $3,340 as traders stay cautious
XAU/USD price is treading water on Wednesday, hovering near $3,340 during the European trading session. The precious metal is attempting to stabilize after falling to a three-week low of $3,300 on Monday. Although price action remains subdued, Gold is oscillating in a narrow range between $3,300 and $3,340.